- IndusInd Bank recommended buy at Rs 924 with target Rs 980 and stop loss Rs 900
- Punjab National Bank advised sell at Rs 119 with target Rs 111 and stop loss Rs 123
- Lupin given buy rating with target price Rs 2,400 and stop loss at Rs 2,150
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the banking, pharmaceutical, and automotive sectors.
Top picks include private lender IndusInd Bank, pharmaceutical majors Lupin and Biocon, and two-wheeler leader TVS Motor Company, alongside a selling strategy for Punjab National Bank (PNB).
Here are the top five stock picks and trading ideas.
IndusInd Bank
Gaurav Sharma, Associate VP & HOR at Globe Capital, has recommended a buy on IndusInd Bank. Sharma advised entering the stock at the current market price (CMP) of Rs 924 for a target of Rs 980, suggesting a stop loss at Rs 900.
Punjab National Bank (PNB)
While other picks focus on upside, Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, has identified a selling opportunity in PNB. Bhosale recommended a sell at Rs 119 for a target of Rs 111, placing a stop loss at Rs 123.
Lupin
Shrikant Chauhan, Senior Vice President at Kotak Securities, sees significant value in Lupin following the company's robust Q3 results. Chauhan set a target price of Rs 2,400 for the stock, advising traders to maintain a stop loss at Rs 2,150.
Biocon
Rajesh Bhosale of Angel One also placed a buy rating on Biocon. Bhosale suggested buying at Rs 378 for a target of Rs 395, with a stop loss at Rs 368.
TVS Motor
Company Gaurav Sharma of Globe Capital identified a buying opportunity in TVS Motor. Sharma recommended buying at the CMP of Rs 3,866 for a target of Rs 4,100, protecting the position with a stop loss at Rs 3,750.
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