Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, with a strong focus on the pharmaceutical, oil and energy spaces.
Top picks for the day include stocks from pharmaceutical sector such as Emcure Pharmaceuticals Ltd., Aurobindo Pharma Ltd, and Mankind Pharma Ltd., followed by heavyweights Oil and Natural Gas Corporation Ltd. (ONGC) and Ather Energy Ltd.
Here are the top five stock picks and trading ideas:
Emcure Pharmaceuticals Ltd. (CMP: Rs 1,660)
Rajesh Palviya, Head of Research at Axis Securities, has recommended buying Emcure Pharmaceuticals Ltd. at Rs 1,652, with a stop-loss set at Rs 1,625 and a target price of Rs 1,695.
Oil and Natural Gas Corporation Ltd. (ONGC) (CMP: Rs 281.10)
Ruchit Jain, Vice President – Equity Technical Research, Wealth Management at Motilal Oswal, has advised buying Oil and Natural Gas Corporation Ltd. (ONGC) with a stop-loss of Rs 270 and a target of Rs 300.
ALSO READ: ONGC Shares In Focus After Gas Production Starts From Daman Project
Ather Energy Ltd. (CMP: Rs 792)
Ruchit Jain, Vice President – Equity Technical Research, Wealth Management at Motilal Oswal, has recommended buying Ather Energy Ltd., with a stop-loss at Rs 770 and a target price of Rs 830.
Aurobindo Pharma Ltd. (CMP: Rs 1,300)
Ajit Mishra, SVP–Research at Religare Broking, has suggested buying Aurobindo Pharma Ltd. at the current market price of Rs 1,314, with a stop-loss at Rs 1,260 and a target of Rs 1,420.
Mankind Pharma Ltd. (CMP: Rs 2,035)
VLA Ambala, SEBI-registered Research Analyst and Founder of SMT Stock Market, has recommended buying Mankind Pharma Ltd. in the range of Rs 2,000 to Rs 2,040, with a target range of Rs 2,150 to Rs 2,350 and has advised a stop-loss at Rs 1,940.
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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