Indian equity markets concluded lower on Friday amidst escalating geopolitical tensions in the Strait of Hormuz, which dampened ceasefire hopes and pushed crude oil prices higher, triggering profit booking. The BSE Sensex fell by 516.33 points (0.66%) to 77,328.19, while the NSE Nifty50 declined 150.50 points (0.62%) to 24,176.15.
Despite the broader market downturn, several buzzing stocks, including Tube Investments of India Ltd, Avantel, Gland Pharma, and IPCA Laboratories Ltd, are anticipated to draw significant trader attention. Here's what leading brokerage firms recommend for these stocks ahead of Monday's trading session.
IPCA Laboratories
Recommendation: Buy
Target Price: Rs 1,725
Stop Loss: Rs 1,500
SMIFS analysts note that IPCA Labs is establishing a robust base around the Rs 1,500–1,520 support zone, indicating consistent accumulation during minor declines. The stock maintains a stable and constructive structure, with its Relative Strength Index (RSI) holding above the neutral zone and showing early signs of an upward turn. This consolidation phase is viewed as a healthy pause before a potential upward movement, with a positive outlook towards Rs 1,725, provided the stock remains above Rs 1,500 on a closing basis.
Gland Pharma
Recommendation: Buy
Target Price: Rs 2,125-2,130
Stop Loss: Rs 1,750
SMC Global Securities highlights Gland Pharma Ltd's strong recovery structure on daily charts, characterized by an ascending triangle pattern and sustained accumulation at higher levels. The stock has consistently formed higher lows, testing the Rs 1,880–1,900 resistance zone. A recent breakout above this supply zone signals strengthening bullish momentum and potential trend continuation. With the stock moving above its key moving average, the broader trend structure is improving. Traders can accumulate Gland Pharma in the Rs 1,880-1,900 range, targeting Rs 2,125-2,130, with a stop loss below Rs 1,750.
Avantel
Recommendation: Buy
Target Price: Rs 188
Stop Loss: Rs 148
Bajaj Broking reports that Avantel Ltd has achieved a decisive breakout above its falling trendline, connecting highs of Rs 169 and Rs 162. This suggests a potential continuation of the prevailing uptrend and an improved overall price structure. The stock has formed a strong base around its 50-day Exponential Moving Average (EMA) and surpassed its recent swing high, indicating strengthening momentum. The daily 14-period RSI shows a bullish crossover, reflecting positive buying strength. Avantel is expected to move towards the Rs 192 level, which aligns with the 80% Fibonacci extension of its recent upward swing.
Tube Investments of India
Recommendation: Buy
Target Price: Rs 3,450-3,460
Stop Loss: Rs 2,800
SMC Global Securities observes a strong medium-term reversal structure for Tube Investments of India on weekly charts, supported by an ascending triangle breakout near the Rs 2,850–2,900 zone. After consolidating for several months and forming higher lows, indicating steady accumulation, the stock's recent breakout above horizontal resistance, coupled with sustained price strength, signals a potential continuation of its broader uptrend. The stock has reclaimed its long-term moving average, reinforcing bullish undertones. Momentum indicators, including an upward-trending RSI and a positive MACD crossover, are supportive. Accumulation is recommended in the Rs 3,040-3,050 range for an upside target of Rs 3,450-3,460, with a stop loss below Rs 2,800.
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.