Market experts have issued a buy recommendation for Ola Electric Mobility Ltd. with a current market price of ₹44.90. According to Sameer Dalal from Natverlal & sons Stockbrokers Pvt Ltd., the electric vehicle space is expected to receive significant traction, with the Delhi government's push anticipated to drive growth. The recommendation is based on Ola's position as a large player with a good factory setup, positioning it well for the expanding EV market.
Sameer Dalal recommends holding Bank of Baroda Ltd. shares at the current market price of ₹252.25. The expert notes that while short-term sentiment may turn negative, the bank is growing at a decent pace with limited downside potential. He characterizes the recent quarter setback as a one-off litigation issue that should not significantly impact the bank's long-term prospects.
Somil Mehta from Mirae Asset Sharekhan suggests a wait and watch approach for Indian Renewable Energy Development Agency Ltd. trading at ₹128.63. According to his analysis, IREDA has been on a downtrend for an extended period and is currently trading below 200 daily exponential moving averages since mid-2025. The expert expects the stock to consolidate in the near term, maintaining a sideways to negative view on the renewable energy company.
Somil Mehta recommends buying on dips for Wheels India Ltd. at the current price of ₹1,498.40. He notes that the stock has experienced a significant run-up in the short term and expects a correction that could reach ₹1,440, which would serve as the first support level. The expert anticipates good retracement from the current levels, making it an attractive entry point for investors.
Technical analysts have issued two new buy recommendations for Wednesday trading based on strong technical patterns. 360 One Wam is recommended as a buy with a buying zone at ₹1,150, stop-loss at ₹1,080, and target of ₹1,200-1,260. According to Virat Jagad from Bonanza Portfolio, the stock has staged a strong recovery after finding support near ₹1,070 and is attempting a breakout above immediate resistance. HFCL is also recommended as a buy with a buying zone at ₹226, stop-loss at ₹217, and target of ₹235. The stock continues to exhibit strong bullish trend, trading well above all key EMAs with RSI above 71 indicating strong momentum.
