Technical analysts have identified five stocks that could remain in focus in the near term, with target prices indicating potential gains ranging from around 3% to more than 50% from current market levels. Top picks include Axis Bank Ltd., Mahindra And Mahindra Ltd. (M&M), Birlasoft Ltd., Coromandel International Ltd., and Adani Power Ltd.
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Axis Bank Ltd. (CMP: Rs 1,232.70)
Osho Krishan, Chief Manager - Technical and Derivative Research at Angel One, has recommended a buy on Axis Bank at around Rs 1,230. He has placed a stop loss at Rs 1,205 and a target price of Rs 1,275. At the current market price of Rs 1,232.70, the target implies a potential upside of about 3.4%.
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Mahindra And Mahindra Ltd. (M&M) (CMP: Rs 2,908.00)
Krishan has also recommended buying Mahindra & Mahindra at Rs 2,900 with a stop loss of Rs 2,820 and a target of Rs 3,040. The target suggests a potential gain of nearly 4.5% from the current market price of Rs 2,908.
Birlasoft Ltd. (CMP: Rs 322.90)
Jigar Shantilal Patel, Senior Manager - Equity Technical Research at Anand Rathi Share and Stock Brokers, has a buy call on Birlasoft with a stop loss at Rs 260 and a target of Rs 500. At the current price of Rs 322.90, the target indicates a potential upside of approximately 54.8%, making it the most bullish recommendation among the five picks.
Coromandel International Ltd. (CMP: Rs 1,812.00)
VLA Ambala, SEBI-registered research analyst and founder of SMT Stock Market, has recommended buying Coromandel International around Rs 1,775. She has set target prices of Rs 1,850 and Rs 1,950, with a stop loss at Rs 1,690. The first target offers a potential upside of about 2.1%, while the second target implies gains of roughly 7.6% from the current market price.
Adani Power Ltd. (CMP: Rs 195.50)
Ambala has also advised investors to buy Adani Power in the Rs 190-195 range, with target prices of Rs 208 and Rs 230 and a stop loss at Rs 180. From the current price of Rs 195.50, the stock offers a potential upside of around 6.4% to the first target and nearly 17.6% to the second targe
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