Investors looking for stock-specific opportunities on Monday, November 02, have five counters on market expert's radar. From IT services Tech Mahindra to pharma major Zydus Lifesciences, banking player Kotak Mahindra Bank, electric two-wheeler pioneer Ather Energy and tourism and travel industries IRCTC, market analyst and brokerage firms have identified actionable stock ideas across sectors, highlighting clear entry points, targets and stop-loss levels for investors with potential upside ranging from about 8% to nearly 48% based on the CMPs and targets provided.
Here are the top five stock picks and trading ideas:
Kotak Mahindra Bank Ltd. (CMP: Rs 461.60)
Deven Mehata, Manager – Technical & Derivatives Analyst, IDBI Capital Market and Securities Ltd., identified a buying opportunity in the banking sector. He recommended buying Kotak Mahindra Bank at Rs 461.6 for a target of Rs 498, implying a potential upside of about 7.8% advising traders to maintain a strict stop loss at Rs Rs 444.
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Tech Mahindra Ltd. (CMP: Rs 1,790.80)
Mehata is also positive on the IT sector. He recommends entering Tech Mahindra at Rs 1,790.8, with a target price of Rs 1,935 and a stop-loss at Rs 1,720. The target price implies a potential upside of 8%.
Ather Energy Ltd. (CMP: Rs 1,756.00)
Sachin Janardan Sarvade, Market Expert sees upside in the electric two-wheeler sector. He recommends buying Ather Energy between Rs 1,720 and Rs 1,756, with a target of Rs 2,600 and a stop-loss of Rs 1,339. The upper target price implies an upside of about 48%.
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Zydus Lifesciences Ltd. (CMP: Rs 1,245.50)
Sachin is also optimistic about Zydus Lifesciences. He recommends entering the stock between Rs 1,220 and Rs 1,245, and has set a target price of Rs 1,580, advising traders to maintain a strict stop loss at Rs 1,079. The suggested entry point implies a potential upside of upto 26.90%.
Indian Railway Catering and Tourism Corporation Ltd. (CMP: Rs 435.90)
VLA Ambala, SEBI-registered Research Analyst and Founder of SMT Stock Market has recommended IRCTC as a buy at Rs 431. The analyst expects the stock to move towards a target of Rs 445 and 470, while advising investors to maintain a stop loss at Rs 410. The target implies a potential upside of about 9% from the given current market price.
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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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