According to The Times of India, Lupin and KEI Industries are recommended as buy calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan. The recommendations come as part of stock market recommendations for May 5, 2026, with specific trading ranges and targets provided for both stocks. Additional buy recommendations include Delhivery with a stop loss of ₹460 and Lupin with a revised stop loss of ₹2,300.
As reported by The Times of India, Lupin is recommended as a buy call with a trading range between ₹2,349 to ₹2,350. The stock carries a stop loss at ₹2,230 and a target price of ₹2,530. According to the analysis, the weekly chart shows the price moving sideways in a wide range for the last eight weeks but staying above a rising trendline. The daily chart indicates multiple support at the 50-day EMA and shows readiness to break upward, with momentum indicators crossing above the zero line showing bullish strength.
According to The Times of India, KEI Industries is recommended as a buy call with a trading range between ₹5,056 to ₹5,057. The stock carries a stop loss at ₹4,750 and a target price of ₹5,470. On the weekly chart, the stock has closed above the important resistance area and is now taking support from those levels, forming reversal candles. This technical setup suggests a potential reversal pattern in the stock's price movement.
The buy recommendations come amid broader market volatility, with The Times of India reporting that Sensex dropped over 600 points and Nifty fell below 24,000 on May 5. Despite the overall market decline, the stock-specific recommendations suggest selective opportunities in individual stocks. The market weakness has created what analysts describe as a consolidation phase rather than a sell-off, with the 'Sell in May and go away' trade unlikely to play out in Indian markets as it does in Western markets.
