According to reports from Business Standard, Anand James of Geojit Investments has recommended three stocks for today's trading session. The recommendations include LT Foods at ₹381 with a target of ₹408 and stop loss at ₹365, Torrent Power at ₹1,412 with a target of ₹1,525 and stop loss at ₹1,349, and Persistent Systems at ₹5,402 with a target of ₹5,700 and stop loss at ₹5,340. Geojit Financial Services has now upgraded Torrent Power to a BUY rating with a significantly higher target price of ₹1,638 per share, based on SOTP valuation methodology.
As reported by Business Standard, LT Foods appears to be approaching a potential short-term inflection zone around ₹380-385. The stock has retraced into a well-defined rising trendline support originating from February lows, with buyers defending the structure despite recent weakness. The daily MACD histogram is compressing toward the zero line with shrinking negative bars, indicating bearish momentum exhaustion. Price remains below near-term pivot resistance of ₹398-412, with RSI drifting toward the lower band, signalling weak but stabilizing momentum. The confluence of trendline support and momentum exhaustion increases the probability of a technical bounce toward ₹408, with confirmation required from a strong bullish close above ₹398.
According to Business Standard, Torrent Power is approaching a high-probability reversal zone as price moves closer to a well-defined rising trendline support. The ongoing decline appears corrective in nature rather than impulsive, with price retracing back into the 20-day SMA band, a zone that has historically led to short-term pullback reversals. Momentum indicators are aligning with a reversal setup, as RSI is nearing the oversold region around mid-30s, suggesting downside momentum is gradually weakening. The setup favors a move toward ₹1,525, with confirmation coming from a bullish reversal candle near support accompanied by RSI flattening and turning higher.
As reported by Business Standard, Persistent Systems is showing strong signs of trend resumption after a corrective phase, with multiple higher time-frame confirmations aligning in favor of a bullish reversal. The stock has registered a monthly range breakout, which typically signals expansion in price action and the beginning of a new directional leg. On the weekly chart, a MACD signal line crossover indicates a shift in medium-term momentum after prolonged consolidation, complemented by a daily Supertrend breakout suggesting transition back into short-term uptrend. The daily RSI is sustaining above 65, reflecting strong buying strength, with immediate resistance lying near ₹5,550-5,650.
According to latest market data, United Drilling Tools Limited has received a domestic order worth ₹16.61 lakh from ShivGanga Drillers Limited for stabilizers used in the oil and gas industry. The stock was trading at ₹238.15 on BSE, up from the previous close of ₹237.20, with a trading volume of 1,463 shares across 42 trades. The stock hit an intraday high of ₹244.00 and intraday low of ₹226.40, with net turnover of ₹334,989. This positive development adds to the overall market sentiment supporting the recommended stocks.
