Analysts have advised investors to buy JSW Energy Ltd., Crompton Greaves Consumer Electricals Ltd., CG Power and Industrial Solutions Ltd., Adani Power Ltd. and Glenmark Pharmaceuticals Ltd. among other stocks.
Chandan Taparia, Head- Technical & Derivatives Research, Motilal Oswal Financial Services, Osho Krishan, Sr. Research Analyst, Technical & Derivatives, Angel One and Rajesh Palviya, SVP – Technical and Derivatives Research, Axis Securities, shared their insights with NDTV Profit.
These stocks could see potential upsides of up to 7%.
JSW Energy
Taparia recommends purchasing JSW Energy at Rs 509, with a target of Rs 545 and a stop loss of Rs 495. Over the past year, the stock has fallen 0.58%. Its relative strength index was at 46.
Crompton Greaves
Taparia recommended buying Crompton Greaves stock at Rs 344, with a target of Rs 365 and a stop loss of Rs 334. In the last 12 months, the stock has risen 18.30%. Its relative strength index was at 60.60.
CG Power
According to Krishan, the stock is a ‘buy’ at the current level, with a target price of Rs 640 and a stop loss of Rs 595. It has risen 30.50% in the last 12 months. The stock’s relative strength index stands at 53.57.
Adani Power
Palviya advised buying the stock at Rs 504, targeting Rs 528 with a stop loss of Rs 496. The stock has fallen by 12.34% in the last 12 months. The relative strength index was at 58.8.
Glenmark Pharma
Palviya recommends purchasing the stock with a target of Rs 1,435 per share and a stop loss of Rs 1,358. Over the past year, the stock has risen 49.83%. Its relative strength index was at 47.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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