Indian equities saw modest gains, with the Sensex up 109.25 points to 77,100.47 and the Nifty50 rising 34.35 points to 24,056. Ahead of an extended weekend, select buzzing stocks like Max Healthcare Institute Ltd, Eicher Motors, and Samvardhana Motherson International Ltd are poised to remain in the trading spotlight. Vishnu Kant Upadhyay, AVP of Research at Master Capital Services, has offered specific recommendations for these companies.
Samvardhana Motherson International (SAMIL)
Recommendation: Buy
Target Price: Rs 166
Stop Loss: Rs 141
Samvardhana Motherson has achieved a significant all-time high breakout above the Rs 150 mark, signaling a continuation of its current uptrend. This latest surge follows a period of healthy consolidation around its previous lifetime high, which helped absorb supply after an earlier breakout attempt failed. The current breakout is supported by a substantial increase in trading volumes, indicating robust buying interest. The stock continues to trade comfortably above its short and long-term Exponential Moving Averages (EMAs), reflecting strength across various timeframes.
Max Healthcare Institute
Recommendation: Buy
Target Price: Rs 1,235
Stop Loss: Rs 1,045
Max Healthcare is demonstrating a strong bullish pattern on the daily chart, having decisively broken out above multiple horizontal resistance levels near Rs 1,100. Prior to this, the stock established a solid base around Rs 920 and subsequently reversed higher, confirming a breakout above a long-term declining trendline near Rs 1,050. This sequence of higher lows and confirmed breakouts underscores a clear improvement in trend strength. The stock is trading comfortably above its 21, 55, 100, and 200 EMAs, reinforcing bullish momentum. The recent breakout suggests sustained buying interest, maintaining a constructive overall chart structure and a positive outlook for further upside.
Eicher Motors
Recommendation: Buy
Target Price: Rs 8,300
Stop Loss: Rs 7,100
Eicher Motors Ltd has sustained its upward trajectory after confirming a breakout above the Rs 7,450 resistance zone, with price action continuing to show strong underlying buying demand. Following this breakout, the stock entered a healthy consolidation phase and recently attempted to move above Rs 7,650, indicating persistent buying interest. This consolidation has been accompanied by muted volumes, suggesting an absence of aggressive profit booking. The price remains comfortably above its 21 and 55 short-term EMAs, reinforcing strength across timeframes. The Relative Strength Index (RSI) at 62 reflects positive momentum while remaining outside overbought territory.
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