Leading market analysts have flagged fresh high-conviction trading ideas for the near term, with a mixed bag of buy and sell calls across banks, auto, defense and more.
Stocks in focus include Bank of India, Ashok Leyland and more.
Hindustan Aeronautics
Akshay P Bhagwat, Senior VP, JM Financial, has issued a buy call on Hindustan Aeronautics. He has set a target price of Rs 4,575 to Rs 4,600, while placing a stop loss at Rs 4,424, indicating continued strength in the space.
HDFC Bank
Bhagwat has also taken a constructive stance on HDFC Bank. He has recommended a buy, with a stop loss at Rs 912 and an upside target of Rs 939 to Rs 951, pointing to near-term uptick at higher levels.
Ashok Leyland
Rajesh Palviya, SVP - Technical and Derivatives Research, Axis Securities also has recommended a buy on Ashok Leyland at Rs 187, with a stop loss at Rs 183 and a target of Rs 198, suggesting limited downside and a favourable risk-reward ratio.
Bajaj Finance
Osho Krishan, Chief Manager- Technical and Derivative Research, Angel One has turned bullish on Bajaj Finance. He has advised a buy at Rs 960 to Rs 965, with a stop loss at Rs 945 and a target of Rs 9,95-1,000, betting on improving price momentum in the stock.
Bank of India
Aamar Deo Singh, Sr. Vice President, Research at Angel One has issued a buy call on Bank of India at Rs 160. He has set a target price of Rs 178, while placing a stop loss at Rs 152, indicating continued strength in the space.
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