Technical analysts have recommended five stocks for investors and traders, with potential upside based on their respective target prices. The list includes Piramal Pharma Ltd., Wockhardt Ltd., CG Power and Industrial Solutions Ltd., Adani Power Ltd., and Delhivery. According to reports from NDTV Profit, these recommendations are based on technical analysis and target prices set by market experts.
Piramal Pharma Ltd. (CMP: ₹214.90) has been recommended by Deven Mehata, Manager, Technical and Derivatives Analyst at IDBI Capital Markets & Securities. As reported by NDTV Profit, Mehata has recommended buying shares at ₹214.95 with a stop-loss at ₹208 and a target price of ₹230. The target indicates a potential upside of around 7% from the recommended entry price.
Market expert Sachin Janardan Sarvade has recommended buying Wockhardt Ltd. (CMP: ₹1,971.00) in the range of ₹1,940 to ₹1,962. According to NDTV Profit, he has advised traders to maintain a stop-loss at ₹1,779 and has set a target price at ₹2,323. The target price implies potential gains of up to 20% from the lower end of the suggested buying range.
Sachin Janardan Sarvade has also recommended buying CG Power and Industrial Solutions Ltd. (CMP: ₹892.30) between ₹888 and ₹898. As reported by NDTV Profit, the stop-loss for the trade has been placed at ₹799, while the target price stands at ₹1,100. The stock could offer an upside of around 24% from the lower end of the recommended range if it reaches the target.
Delhivery (CMP: ₹466.00) has been recommended by Jigar Shantilal Patel, who has suggested buying shares between ₹455 and ₹460. According to NDTV Profit, he has set the stop-loss at ₹440 and the target price at ₹500, implying a potential upside of around 10% from the lower end of the suggested buying range. For Adani Power Ltd. (CMP: ₹215.80), Jigar Shantilal Patel has advised buying shares in the range of ₹213 to ₹216 with a stop-loss at ₹205 and a target price of ₹232, suggesting a potential upside of nearly 9%.
