- Tata Motors Passenger Vehicles recommended for buy at Rs 377 with a target of Rs 407
- Praj Industries suggested buy near Rs 296 with targets up to Rs 425 and stop loss at Rs 270
- Tata Steel advised for purchase at Rs 202 aiming for Rs 210 with stop loss at Rs 197
Leading market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, with a focus on the automotive, engineering, and manufacturing sectors.
Top picks include the newly-demerged Tata Motors Passenger Vehicles, renewable energy player Inox Wind, and bioenergy leader Praj Industries.
Here are the top five stock picks and trading ideas:
Tata Motors Passenger Vehicles (TMPV)
The domestic passenger vehicle arm of the Tata Group, which began trading under the new symbol TMPV following its demerger, has emerged as a key pick for its technical setup.
Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal Financial Services, recommended buying the stock at the current market price of Rs 377. He set a target of Rs 407 with a stop loss at Rs 365, noting the stock is retesting a "Double Bottom" breakout with rising momentum in the MACD indicator.
Praj Industries
VLA Ambala, SEBI-registered analyst and Founder of SMT Stock Market Today, identified a buying opportunity in Praj Industries. She recommended an entry price range of Rs 295–300 for the stock, which currently trades near Rs 296. Ambala set multiple target prices at Rs 340, Rs 370, Rs 410, and Rs 425, protecting the position with a stop loss at Rs 270.
Tata Steel
Raja Venkatraman, Co-Founder of NeoTrader, suggested a long position on Tata Steel. He advised buying the stock at Rs 202—which aligns with its recent closing price—for a target of Rs 210, while maintaining a stop loss at Rs 197.
Inox Wind
In the renewable energy space, Venkatraman also recommended buying Inox Wind. He set a target price of Rs 118 for an entry price of Rs 112, placing a stop loss at Rs 109.
PI Industries
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, placed a buy rating on agrochemical major PI Industries. She recommended an entry at Rs 3,214 for a target of Rs 3,500, with a stop loss maintained at Rs 3,100.
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