Market experts have identified five stocks for immediate buying opportunities, according to reports from NDTV Profit. The recommendations include Eicher Motors, Poonawalla Fincorp, Carborundum Universal, Meesho, and Garden Reach Shipbuilders & Engineers. Technical analysts have provided specific entry levels, target prices, and stop-loss recommendations for investors seeking near-term trading opportunities.
Gaurav Sharma, Associate Vice-President and Head of Research at Globe Capital, has recommended buying Poonawalla Fincorp at approximately ₹498.50 with a stop loss at ₹485. As reported by NDTV Profit, the analyst expects the stock to rise to a target of ₹540, indicating an upside potential of about 8% from the recommended buying price. Following the company's latest Q4 results, Poonawalla Fincorp demonstrated strong financial performance with net income before taxes of ₹341.07 crore, representing a 70.36% quarter-on-quarter increase and 325.17% year-on-year growth.
Ajit Mishra, SVP-Research at Religare Broking, has issued a buy call on Eicher Motors with specific trading parameters. According to NDTV Profit reports, he suggests buying the stock at ₹8,100 with a target price of ₹8,390 and a stop loss of ₹7,940. This recommendation positions the stock for potential gains of approximately 4.9% from the suggested entry level.
Sharma from Globe Capital has also recommended Carborundum Universal at around ₹1,168 with a target price of ₹1,220. As reported by NDTV Profit, this recommendation implies a potential gain of about 4.5% from the suggested entry level. Traders are advised to maintain a stop loss at ₹1,140 to limit downside risk in this position.
Jigar Shantilal Patel, Senior Manager for Equity Technical Research at Anand Rathi Share and Stock Brokers, has issued buy recommendations for Meesho and Garden Reach Shipbuilders & Engineers. According to NDTV Profit reports, he recommends buying Meesho in the range of ₹193 to ₹194 with a target of ₹202, representing an upside of roughly 4% from the upper end of the recommended buying range. For Garden Reach Shipbuilders & Engineers, he recommends buying at around ₹2,630 with a target of ₹2,800, indicating an upside potential of nearly 6.5% from the suggested buying price.
