The current market structure is prompting cautious trading decisions, and experts are advising investors to only buy stocks that have strong fundamentals and positive technical indicators. In line with this recommendation, several analysts have identified nine stocks that are worth considering for the next three to four weeks. These stocks have shown attractiveness on technical charts, suggesting potential gains in the near future. It is advisable for investors to carefully analyze these stocks and assess their overall health before making any investment decisions. By focusing on quality stocks with robust fundamentals and positive technical indicators, investors can aim for stable returns and minimize potential risks in this uncertain market environment.
1) Axis Securities has recommended buying shares of Whirlpool of India in the range of ₹1,455-1,427. The previous closing price of the stock was ₹1,441.85. The target price set by Axis Securities for Whirlpool of India is ₹1,585-1,615, with a potential upside of 12%. To minimize potential losses, investors are advised to set a stop loss at ₹1,370. This suggests that Axis Securities believes there is a positive outlook for Whirlpool of India and expects the stock price to increase in the near future. Investors may consider taking advantage of this buying opportunity based on Axis Securities' analysis.
2) Nippon Life India Asset Management, a leading asset management company in India, has been trading within a range of ₹555 to ₹544. The previous closing price was ₹561.15. Analysts have set a target price for the company's shares at ₹623 to ₹640, indicating a potential upside of 14%. To manage risk, investors are advised to set a stop loss at ₹513. With its strong position in the market and positive growth prospects, Nippon Life India Asset Management presents an attractive investment opportunity.
3) Repco Home Finance, a leading name in the housing finance sector, is currently trading in the range of ₹493-485. The previous closing price was ₹500.75. Analysts have set a target price range of ₹565-585, indicating a potential upside of 17%. However, it is advised to maintain a stop loss at ₹451 to limit potential losses. With its strong presence in the market and consistent performance, Repco Home Finance is poised for growth and is attracting investors looking for promising returns.
4) Jigar S. Patel, the Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, has provided an analysis on SBI Cards and Payment Services. The previous closing price for this stock was ₹732.10, with a target price of ₹840 and a stop loss set at ₹665. According to Patel's assessment, there is a potential upside of 15% for this stock. With his expertise in equity research, Patel is offering valuable insights and recommendations to investors interested in SBI Cards and Payment Services.
5) Hikal, a stock trading at ₹298.55 in the previous session, has a target price set at ₹375 with a stop loss of ₹250. This suggests an upside potential of 26%. Investors who are currently holding Hikal shares may find this information valuable in assessing their investment strategy. It is important to consider the target price and stop loss levels when making decisions regarding buying, selling, or holding the stock. With the potential for a 26% increase in value, investors may want to carefully monitor the performance of Hikal in the coming days and weeks to determine the best course of action.
6) Navin Fluorine International, a leading chemical company, closed at ₹3,222.65 in the previous session. Analysts have set a target price of ₹3,600, indicating a potential upside of 12%. To mitigate any potential losses, it is advised to set a stop loss at ₹3,040. Navin Fluorine International has shown promising growth prospects, and with the target price set higher than the previous close, investors may consider this as an opportunity to maximize their gains. However, it is important to monitor market trends and analyze the company's financial performance before making any investment decisions.
7) Shiju Koothupalakkal, a technical research analyst at Prabhudas Lilladher, has provided insights into Chalet Hotels. The previous closing price of the stock stood at ₹879.65, while the target price has been set at ₹980. To mitigate potential losses, a stop loss of ₹816 has been suggested. This analysis indicates an upside potential of 11% for the stock.
8) Kalpataru Projects International is a renowned company in the real estate sector. Their previous closing price was ₹1,206.40, and analysts have set a target price of ₹1,340 for their shares. The stop loss for the stock has been determined at ₹1,150, which means investors should consider selling if the price falls below this level. With an upside potential of 11%, the stock is expected to show significant growth in the future. Investors who are looking to capitalize on the real estate market should keep an eye on Kalpataru Projects International and consider adding it to their portfolio.
9) Century Textiles & Industries closed at ₹1,849.50 in the previous session. Analysts have set a target price of ₹2,070 for the stock, with a stop loss at ₹1,760. This indicates an upside potential of 12%. Investors may consider this stock for potential gains, as it has the potential to increase in value by 12%. However, it is important to closely monitor the price movement and adjust the stop loss accordingly to protect one's investment. Century Textiles & Industries has been performing well in the market, and if it continues its positive trend, it may reach the target price of ₹2,070.
