Leading market analysts have flagged fresh high-conviction trading ideas for the near term, with a mixed bag of buy and sell calls across commodity companies, oil refiners, and more.
Stocks in focus include Mangalore Refinery and Petrochemicals, Hindustan Zinc and more.
Hindustan Zinc
Sachin Janardan Sarvade, AVP Derivatives, Retail Research, IDBI Capital Markets and Securities, has issued a buy call on Hindustan Zinc at Rs 674-Rs 681. He has set a target price of Rs 775, while placing a stop loss at Rs 634, indicating continued strength in the space.
Dalmia Bharat
Sarvade has also taken a constructive stance on Dalmia Bharat. He has recommended a buy at Rs 2,175-Rs 2,195, with a stop loss at Rs 2,089 and an upside target of Rs 2,410, pointing to near-term uptick at higher levels.
Mangalore Refinery and Petrochemicals
Kunal Rambhia, Fund Manager & Trading Strategist, The Street has recommended a buy on MRPL, with a stop loss at Rs 136 and a target of Rs 155, suggesting limited downside and a favourable risk-reward ratio.
Chennai Petroleum Corp
Rambhia has also turned bullish on Chennai Petroleum Corp. He has advised a buy at Rs 972, with a stop loss at Rs 775 and a target of Rs 860, betting on improving price momentum in the stock.
SBI Gold ETF
Vinay Rajani, CMT, Senior Technical & Derivative Analyst at HDFC Securities has issued a buy call on SBI Gold ETF at Rs 229.5. He has set a target price of Rs 236, while placing a stop loss at Rs 225, indicating continued strength in the space.
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