Vishnu Kant Upadhyay, AVP (Research) at Master Capital Services, has offered his technical analysis and price targets for several prominent Indian stocks, including Tata Technologies Ltd, NCC Ltd, Data Patterns (India) Ltd, and eMudhra Ltd. His commentary comes as the benchmark Nifty50 maintains a key psychological support level at 24,000.
NCC Ltd: Averaging and Fresh Positions
For NCC Ltd, Upadhyay advises existing shareholders to consider averaging their positions at current levels. He also suggests that new investors could consider fresh positions in the stock. He anticipates upside targets between Rs 174 and Rs 182, recommending a stop loss at Rs 135 to mitigate potential downside.
Data Patterns (India) Ltd: Positive Outlook
Upadhyay maintains a positive technical view on Data Patterns. From a short-term perspective, he suggests investors place a stop loss at Rs 4,100. Looking at a broader timeframe, he sees potential for the stock to reach upside targets of Rs 6,500-6,600.
Tata Technologies Ltd: Extending Gains
Tata Technologies has recently shown significant momentum from lower levels, a trend Upadhyay believes is set to continue. He expects the stock to extend its gains towards the Rs 1,000-1,100 range, highlighting consistent buying interest on corrective falls. A stop loss below Rs 765 is recommended for this stock.
eMudhra Ltd: Short-Term Upside
For eMudhra Ltd, Upadhyay projects a very short-term upside, with the stock potentially reaching Rs 620-630. To manage risk, he advises maintaining a stop loss below Rs 505.
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.