Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on sectors such as consumer discretionary, EV, medical devices and ammunition manufacturing. According to reports from NDTV Profit, the top picks for Wednesday, July 1 include Nykaa, Ola Electric Mobility, Ather Energy, Poly Medicure and Solar Industries India. Some analysts are also pinning their hopes on the upcoming earnings season to boost stocks, especially after last week's punishing selloff in semiconductors and tech shares.
EV companies experienced significant gains following the Delhi government's approval of a comprehensive EV policy aimed at accelerating electric mobility. Ola Electric emerged as the top gainer, surging as much as 11.2% to an intraday high of ₹44.95 on the BSE, though the stock later trimmed gains amid profit booking and was trading 4.8% higher at ₹42.38 at 10:57 AM IST. Ather Energy shares climbed 2.9% to ₹1,114.60, while Zelio E-Mobility advanced 2% to ₹567.25 during the session. The company's market capitalisation stood at ₹19,619.8 Cr (about $2 Bn).
Ajit Mishra, SVP, Research at Religare Broking sees positive price action in the consumer discretionary space. As reported by NDTV Profit, he recommended a buy on Nykaa's parent FSN E-Commerce Ventures shares for a target of ₹330, advising traders to maintain a stop loss at ₹300.
The Delhi cabinet approved an ambitious EV policy targeting 30% vehicle electrification by 2030 through a phased shift to electric vehicles. To support this transition, the Delhi government has committed ₹15,000 Cr over the next four years, including ₹7,000 Cr for EV adoption and ₹8,000 Cr for charging infrastructure and tax incentives. This policy framework has provided a significant boost to investor confidence in the EV sector, with the rally in new-age EV stocks reflecting market optimism about the government's commitment to electric mobility.
