Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on renewable energy, upstream oil and gas, IT solutions, and consumerware.
Top picks include a consensus buy on Premier Energies, alongside energy majors ONGC and Oil India, IT player Newgen Software, and consumerware leader Cello World.
Here are the top five stock picks and trading ideas:
Premier Energies
Premier Energies emerged as a strong consensus pick, with two leading analysts recommending a buy on the solar energy player.
Gaurav Sharma, Associate VP & HOR at Globe Capital, advised buying at the current market price of Rs 931 for targets of Rs 975 and Rs 1,000, with a stop loss at Rs 895.
Ajit Mishra, SVP of Research at Religare Broking, suggested entering at the current market price of Rs 937.7 for a higher target of Rs 1,050, placing a stop loss at Rs 880.
ONGC
Sachin Janardan Sarvade, AVP of Derivatives and Retail Research at IDBI Capital Markets, sees strong upside in the upstream energy sector. He recommended entering ONGC in the Rs 285–288 range for a target of Rs 320, protecting the position with a stop loss at Rs 274.
Oil India
Sarvade also identified a buying opportunity in Oil India. He advised traders to buy the stock between Rs 470 and Rs 474 for an upside target of Rs 525, while maintaining a strict stop loss at Rs 449.
Newgen Software
VLA Ambala, SEBI RA & Founder of SMT Stock Market, identified a strong setup in the software sector. She recommended entering Newgen Software near the Rs 430 mark for targets of Rs 500 and Rs 540, with a stop loss maintained at Rs 375.
Cello World
Ambala also highlighted value in the consumerware space with Cello World. She suggested buying in the Rs 390–400 range for targets of Rs 420, Rs 435, and Rs 500, advising traders to keep a stop loss at Rs 375.
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