Domestic brokerage firm SMC Global Securities has released its top techno-fund picks, forecasting quick double-digit gains for traders in the near term. The firm has selected four stocks, combining fundamental strength with compelling technical parameters to support its recommendations.
Fundamental Picks: Long-Term Growth Potential
NTPC Green Energy Ltd
SMC Global recommends NTPC Green Energy Ltd with a target price of Rs 115, indicating an upside potential of 21% over 8 to 10 months. As India's largest public sector renewable energy enterprise (excluding hydro) by operating capacity, NTPC Green boasts a diversified portfolio across major resource-rich states like Rajasthan, Gujarat, and Karnataka. The company specializes in large-scale utility solar and wind power generation, while actively expanding into high-margin segments such as Green Hydrogen/Ammonia, Battery Energy Storage Systems, and green data center power supply. Supported by significant policy tailwinds, clean-energy mandates, and a massive 26.5 GW portfolio pipeline, NTPC Green is well-positioned for steady, long-term margin appreciation, bolstered by a strong capital raising structure.
Timken India Ltd
Timken India Ltd, a manufacturer and seller of bearings, power transmission products, and industrial maintenance services, is another fundamental pick by SMC Global. The brokerage firm sets a target price of Rs 4,216, suggesting a 16% upside potential within 8 to 10 months. Timken India is expected to deliver sustainable long-term earnings growth, driven by capacity expansion, increasing localization, diversified end-market exposure, and strengthening export demand. The Bharuch facility and upcoming rail bearing expansion, alongside the GGB merger, are anticipated to be key growth catalysts, despite potential temporary margin pressure from raw material inflation.
Technical Picks: Charting Short-Term Opportunities
Inox Green Energy Services Ltd
For Inox Green Energy Services, SMC Global recommends a buy with a target price range of Rs 200-205 and a stop loss at Rs 180. The stock has formed an inverse head-and-shoulders pattern on the weekly chart, signaling a potential medium-term trend reversal. Trading above its long-term moving average and supported by momentum indicators like RSI above the 50 mark, a sustained move above the Rs 200 zone validates the breakout and opens doors for further gains, with an expected upside towards Rs 235-238 levels.
Ramco Industries Ltd
Ramco Industries Ltd is highlighted as a technical buy with a target price range of Rs 395-400 and a stop loss at Rs 295. The stock has shown significant technical improvement on the daily chart, forming a series of higher lows and breaking decisively above the Rs 330–335 resistance zone. This breakout is accompanied by a sharp rise in volumes, indicating strong buyer participation. Momentum indicators such as RSI in bullish territory and a positive MACD crossover suggest that bulls have regained control after an extended consolidation phase, making dips an accumulation opportunity.
Disclaimer: This article provides stock market information 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.