Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session on Monday, with top picks including Ramkrishna Forgings, BSE and Ather Energy, along with two other stocks. According to reports from IDBI Capital Market and Securities, the suggested trading strategies encompass entry levels, price targets for upside potential and stop-loss limits to manage downside risk.
Ramkrishna Forgings (CMP: ₹752.80) receives a buy recommendation from Deven Mehata, Manager – Technical & Derivatives at IDBI Capital Market and Securities. As reported by IDBI Capital, Mehata recommended buying shares at around ₹751.25 with a target price of ₹812, implying 8.08% upside potential. The recommended stop loss is set at ₹722 per share to manage downside risk.
Ather Energy Ltd. (CMP: ₹1,616.30) receives a buy call from market expert Sachin Janardan Sarvade, who recommended entering the stock between ₹1,600-1,616 levels. According to Sarvade's analysis, the price target implies an upside between 27.69%–28.13%. As reported by Sarvade, investors are advised to maintain a stop loss at the ₹1,399 mark to protect against potential downside.
Gujarat Fluorochemicals (CMP: ₹4,770) receives a buy recommendation from Mehata with an entry level around ₹4,771.20. The price target of ₹5,155 implies an upside of 8.04%, while traders are advised to book losses at ₹4,580. IFCI Ltd. (CMP: ₹90.20) gets a buy call from Sarvade with potential entry levels of ₹86-90. The price target of ₹135 implies an upside between 50.00%–56.98%, with a stop loss recommended at ₹68.
BSE Ltd. (CMP: ₹3,405) receives a buy recommendation from Amit Goel, CMT, SEBI RA, Partner & Co-Founder at Blue Oak Wealth. According to Goel's analysis, the recommended buying price is ₹3,405 with a stop loss of ₹3,223 and a target price of ₹3,628. The target implies an upside of 6.54% from the recommended buying price.
