According to Aakash K Hindocha, Vice President - Research at Nuvama Professional Clients Group/Nuvama Wealth Management, Bank of India has been recommended as a buy call with a lowest current price (LCP) of ₹144.86, stop loss at ₹139, and target of ₹154. The stock has experienced a massive 8-year breakout in October 2025 and has retested the same level multiple times over the past 2 months. As reported by The Times of India, the stock has closed and is holding above its 200-day moving average, which can allow fresh upside to open up, with a quick 6-8% upside potential on short-term bounce.
GAIL (India) Ltd has been recommended as a buy call with an LCP of ₹168, stop loss at ₹161, and target of ₹182. According to the recommendation, after an 18-month breakout in April 2026 on weekly charts, a fresh 11-month breakout is seen on daily charts of GAIL. As reported by The Times of India, both breakouts despite being on different timeframes hover around the same price of ~₹165. The stock has also seen a 200 DMA crossover this week after a gap of 7 months as the stock traded below the same since November 2025. Combining multi-timeframe trendline breakout, 200 DMA crossover and higher lows over the past 3 months opens the door for fresh 8-10% upside.
Goldman Sachs has reiterated its 'Buy' rating on InterGlobe Aviation with a target price of ₹5,300, reflecting a potential upside of 21% from the current market price of ₹4,361. The brokerage firm has maintained its bullish stance on the aviation stock, citing strong long-term fundamentals and attractive valuations. This recommendation adds to the diverse set of largecap stocks that brokerages have turned bullish on, spanning information technology, telecom, infrastructure, and aviation sectors.
Multiple brokerages have issued positive recommendations across various sectors. JM Financial has maintained a 'Buy' rating on Infosys with a target price of ₹1,410, implying a potential upside of 18% from the current market price of ₹1,187. Elara Capital has initiated coverage on Bharti Airtel with a 'Buy' rating and target price of ₹2,387, suggesting a potential upside of 31% from the current market price of ₹1,815. The firm has also initiated coverage on Bharti Hexacom with a 'Buy' rating and target price of ₹1,756, indicating a potential upside of 20% from the current market price of ₹1,457. Additionally, Elara Capital has initiated coverage on Indus Towers with a 'Buy' rating and target price of ₹491, implying a potential upside of 16% from the current market price of ₹426.
According to the analysis, Nifty has been rotating its stance between 23,100 – 23,400 while not breaking on either side on a weekly closing basis. As reported by The Times of India, buying has been repeatedly emerging from its previous gapped zone of sub 23,150, however, sustaining above 23,400 is finding profit takers. The structure is biased towards upside, with the only trigger awaited being steps on liquidity easing domestically while reduced news flow from west Asia. Unless 23,000 is not convincingly taken down, the structure remains valid for a large upside, however, momentum is likely to commence only above 23,600 on the index.
On the Bank Nifty front, both of its short-term targets of 54,600 and 55,200-55,450 have been met after its support reversal last week near 53,500. According to the analysis, broadly this short-term strength is complete and post this Nifty can take over charge from the Bank Nifty in terms of outperformance. As reported by The Times of India, Tuesday's low 54,200 becomes important short-term support on Bank Nifty, with US CPI numbers continuing to churn volatility in global markets.
