Vishnu Kant Upadhyay, AVP - Research and Advisory at Master Capital Services, recently provided stock-specific investment insights during BTTV's 'Daily Calls' segment. He shared his technical outlook and recommendations for several prominent Indian stocks, including Bharti Airtel, Power Finance Corporation (PFC), Tata Technologies, and BLS International Services.
Bharti Airtel: Entry and Targets
For Bharti Airtel Ltd., Upadhyay suggested investors could consider entering at the current market price, advising a stop-loss at Rs 1,700. He projected an upside target of Rs 1,900. Should the stock achieve a decisive close above the Rs 1,900 mark, further upward momentum towards Rs 1,960-1,970 levels could be expected. On the day of the recommendations, Airtel shares closed marginally higher at Rs 1,814.
Power Finance Corporation (PFC): Tranche-Based Entry Advised
Regarding Power Finance Corporation (PFC), the market expert noted a positive technical outlook. However, he cautioned that some short-term pain might lead the stock to slip towards Rs 390-395. Therefore, he recommended that investors consider entering positions in tranches to mitigate risk. PFC shares closed at Rs 413.20, having slipped slightly.
Tata Technologies: Golden Crossover Signals Upward Trend
Tata Technologies Ltd. recently experienced a 'golden crossover,' a bullish technical indicator. Upadhyay believes this upward trajectory is likely to continue. He advised buying the counter, setting target prices between Rs 800 and Rs 850, with a strict stop-loss at Rs 670. He emphasized exiting if the stock breaks below this crucial support level. Tata Technologies shares climbed 3.39 percent to close at Rs 738.70.
BLS International Services: Stop Loss and Breakout Potential
For BLS International Services Ltd., Upadhyay advised existing holders to maintain a stop-loss at Rs 244. He set an initial target of Rs 300, suggesting that a clear breakout above this level could initiate a fresh bull run, potentially pushing the stock towards Rs 360-370. BLS International shares rose 2.73 percent to settle at Rs 269.
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.