Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session. They are focusing heavily on the financial services, power financing, fintech, and manufacturing sectors.
Top picks include financial services player Jio Financial Services, state-run power financier REC, fintech major PB Fintech (Policybazaar), along with Finolex Cables and Eternal.
Here are the top five stock picks and trading ideas:
Jio Financial Services
Aamar Deo Singh, Senior Vice President of Research at Angel One, has placed a buy rating on Jio Financial Services. He recommended entering the stock at Rs 245 for a target of Rs 278. He advised traders to protect the position with a stop loss placed at Rs 223.
REC
Aamar Deo Singh of Angel One also sees value in the power financing space, recommending a long position on REC. He suggested buying the stock at Rs 345 for an upside target of Rs 377, while maintaining a strict stop loss at Rs 327.
PB Fintech (Policybazaar)
Gaurav Sharma, Associate VP & HOR at Globe Capital, identified a buying opportunity in the new-age fintech sector. He recommended buying PB Fintech at the current market price of Rs 1,535 for a target of Rs 1,620. The stop loss for this trade is suggested at Rs 1,490.
Finolex Cables
Gaurav Sharma of Globe Capital also sees upside in the industrial and consumer cables segment. He advised a buy on Finolex Cables at the current market price of Rs 876. He set target prices ranging from Rs 920 to Rs 940, keeping a stop loss at Rs 846.
Eternal
Rajesh Palviya, SVP of Technical and Derivatives Research at Axis Securities, recommended a buy on Eternal. He advised entering the stock at Rs 242 for a target of Rs 249, with a stop loss maintained at Rs 238.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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