Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on non-ferrous metals, power finance, auto components, and niche industrial plays.
Top picks for the day include a consensus buy on Hindalco Industries, alongside Bharat Forge, REC Ltd, and small-cap opportunities in Venky's and Oil Country Tubular.
Hindalco Industries
Hindalco emerged as a high-conviction consensus pick, with dual buy ratings from leading analysts as the metals sector shows renewed strength.
Ajit Mishra, SVP of Research at Religare Broking, recommended a buy at the current market price of Rs 1,048, setting an ambitious target of Rs 1,130 with a stop loss at Rs 1,010.
Gaurav Sharma, Associate VP at Globe Capital, also placed a buy call at Rs 1,050, targeting Rs 1,100 with a tighter stop loss at Rs 1,025.
Bharat Forge
Shrikant Chouhan, Executive VP & Head of Equity Research at Kotak Securities, identified a bullish setup in the auto ancillary heavyweight Bharat Forge. He recommended a long position with an upside target of Rs 1,910, advising traders to maintain a stop loss at Rs 1,830.
REC
Gaurav Sharma of Globe Capital sees continued momentum in the power finance space. He recommended buying REC at the current market price of Rs 375 for an upside target of Rs 390. The suggested stop loss for this trade is Rs 367
Venky's (India) Ltd
VLA Ambala, SEBI RA & Founder of SMT Stock Market, highlighted a recovery play in the poultry and processed food segment. She suggested an entry in the Rs 1,430–1,500 range for staggered targets of Rs 1,650 and Rs 2,000, with a stop loss maintained at Rs 1,340.
Oil Country Tubular
Ambala also identified a technical breakout opportunity in the small-cap industrial space with Oil Country Tubular. She recommended buying in the Rs 57–62 range for upside targets of Rs 70 and Rs 85, protecting the position with a stop loss at Rs 53.
Disclaimer: The views and opinions expressed by investment advisers on NDTV Profit are their own and do not reflect the position of the organization. NDTV Profit advises users to consult with a certified financial adviser before making any investment decisions.
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