- ICICI Bank has the highest price target of Rs 1,800 with 26% upside in Kotak Neo's picks
- Kotak Securities recommends buying ICICI Bank, BEL, Bajaj Finance, JSW Steel, and Reliance
- ICICI Bank's buying levels are Rs 1,398 and Rs 1,300 with stop loss below Rs 1,200
ICICI Bank has the highest price target among five 'Muhurat' stocks picked by Kotak Neo for Samvat 2083, with the brokerage setting a target of Rs 1,800, implying an upside of 26%. Bharat Electronics Ltd. (BEL) and Bajaj Finance are also on its Diwali technical picks list, but their targets are Rs 410 and Rs 1,200, respectively.
Kotak Securities has recommended a buy on all five stocks in its Samvat 2083 Technical Muhurat Picks report. The list also includes JSW Steel Ltd. and Reliance Industries Ltd., with targets of Rs 1,475 and Rs 1,400, respectively.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
For ICICI Bank, Kotak has identified buying levels around Rs 1,398 and Rs 1,300, with a stop loss below Rs 1,200. The lender found some support near Rs 1,300 after a short-term correction and then staged a sharp recovery. ICICI Bank is now trading above its 20-day and 200-day simple moving averages (SMAs), which supports the positive technical outlook.
Kotak Neo said the stock could extend its recovery and maintain its uptrend over the medium term, given it sustains above Rs 1,200.
Other Muhurat Stock Picks
Bajaj Finance has a target set of Rs 1,200, with entry levels of Rs 939 and Rs 850 and a stop loss at Rs 770. The stock has corrected over 20% from its peak and is trading near its 200-day SMA. Coming to BEL, Kotak has set a target of Rs 410, with buying levels of Rs 370 and Rs 350 and a stop loss at Rs 340. The stock has fallen more than 20% from its all-time high and is now showing oversold conditions.
JSW Steel has a target of Rs 1,475, with entry levels of Rs 1,246 and Rs 1,200 and a stop loss below Rs 1,150. Reliance Industries has a target of Rs 1,400, with entry levels of Rs 1,165 and Rs 1,100 and a stop loss below Rs 1,050.
The brokerage expects the Nifty to remain in a consolidation range of 21,700-26,300 over the coming year. It identifies 22,100-21,700 as a crucial support zone and 23,200 as the first key resistance level.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.