Tuesday, 02 January 2024 12:17 GMT

Piramal Pharma, KEI, HCC, Geojit Financial Among Top Picks On SEBI Analysts' Radar


(MENAFN- AsiaNet News)

Investors are watching KEI Industries, Polycab India, Piramal Pharma, Hindustan Construction, Geojit Financial, and Park Hotels for upside, provided key support levels hold and volumes confirm momentum.

SEBI-registered analyst Financial Sarthis and Vinay Taparia have flagged these stocks for potential rallies ahead, showing strong setups with clear breakout levels.

Let's take a look at their stock recommendations: 

KEI Industries  

Financial Sarthis picked KEI Industries as the stock is currently attempting a breakout after consolidation. If the stock moves past ₹4,200 decisively, it would confirm the breakout, but it needs strong volume support for validation. The stock indicates a potential upside within the range of ₹4,185 to ₹4,235, while immediate support lies near ₹3,800.

Polycab India  

For Polycab, Financial Sarthis noted signs of a consolidation breakout. The stock is watching for strength above the ₹7,200 level, where rise in volumes will be crucial in sustaining momentum. If the breakout holds, the upside potential extends towards ₹7,400.

Piramal Pharma (PPL Pharma)

Vinay Taparia noted a good breakout in PPL Pharma with good volumes after forming positive divergence in its Relative Strength Index (RSI). The stock can move to ₹218-₹238 level in the next 6 months, with ₹190 level acting as a strong support. But a close below ₹184 negates this view.

Hindustan Construction (HCC)

Taparia also flagged a breakout in HCC with good volumes. The stock can move to ₹35-₹38 level in the next 6 to 9 months, but a close below ₹24 negates this view.

Geojit Financial Services 

Geojit is another stock that saw a good breakout with huge volumes, said Taparia. The stock can move to the ₹96 level in the next six to nine months, with a close below ₹70 invalidating the view.

Park Hotels

And lastly, Taparia noted the breakout in Park Hotels. He stated that the stock can potentially move to ₹175-₹190 levels within the next six to nine months. A close below ₹140 negates this view.

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