Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing heavily on the IT, pharmaceutical, energy, and conglomerate sectors.
Top picks include IT heavyweights Infosys and Tech Mahindra, conglomerate Reliance Industries, pharma major Aurobindo Pharma, and state-run utility Power Grid.
Here are the top five stock picks and trading ideas:
Reliance Industries
Akshay P Bhagwat, Senior VP at JM Financial, has placed a buy rating on conglomerate major Reliance Industries. He recommended entering the stock for upside targets of Rs 1,447 and Rs 1,463, protecting the position with a strict stop loss placed at Rs 1,379.
Infosys
Bhagwat also sees value in the IT sector, identifying a buying opportunity in Infosys. He advised a long position for targets of Rs 1,292 and Rs 1,312, with a stop loss maintained at Rs 1,232.
Aurobindo Pharma
This pharmaceutical major emerged as a strong consensus top pick, with two leading analysts recommending a buy on the stock.
Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, advised buying at Rs 1,278 for a target of Rs 1,340, with a stop loss at Rs 1,248.
Ajit Mishra, SVP of Research at Religare Broking, recommended entering at the current market price of Rs 1,274.5 for a target of Rs 1,345, placing a stop loss at Rs 1,230.
Tech Mahindra
Rajesh Bhosale of Angel One also highlighted strong momentum in the IT space with a buy on Tech Mahindra. He recommended buying the stock at Rs 1,380 for a target of Rs 1,460, advising traders to place a stop loss at Rs 1,340.
Power Grid
Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal Financial Services (MOFSL), identified a buying opportunity in state-owned utility Power Grid. He advised entering the stock for a target of Rs 320, maintaining a stop loss at Rs 293.
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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