Last week, the Indian stock market witnessed a consistent upward trend. On the final trading day, the Sensex rose by 0.36%, while the Nifty 50 gained 0.35%, reflecting continued investor confidence. As we head into a new trading day, several key stocks are expected to be in focus based on technical analysis and fresh developments.
1. Laurus Labs
Brokerage firm Angel One has set a stop loss of ₹679 for Laurus Labs. According to market expert Rajesh Bhosale, the stock is recommended for buying between ₹698 and ₹792. The suggested target price is ₹750, indicating a potential upside for short- to mid-term investors. With strong fundamentals and technical indicators, the stock is poised for a bullish move.
2. Grasim Industries
Grasim is another stock in focus today. Angel One has recommended a stop loss of ₹2760 and a target price of ₹3050. Bhosale points out that Grasim had been struggling to break above the ₹2800 level for the past seven months. Now, buying is advised between ₹2850 and ₹2860, showing signs of a breakout and upward momentum.
3. Ashok Leyland
For Ashok Leyland, a stop loss has been set at ₹239 and the target price at ₹270. Investors are advised to enter the stock between ₹247 and ₹250. After four weeks of consolidation, the stock has shown a potential uptrend with expectations of around 6% rally. This move indicates renewed buying interest and trend reversal.
4. NTPC Green Energy
NTPC Green Energy is also expected to attract attention. The company announced the operational launch of the final phase (120 MW) of its 220 MW Shajapur Solar Power Project in Madhya Pradesh. The activation of Unit-2 strengthens NTPC’s position in the renewable energy sector and could boost market sentiment.
With technical indicators and sectoral developments aligned, these four stocks are likely to remain on investors’ radar today.
