Adani Ports, TCS, Glenmark Among SEBI Analyst's Breakout Calls
Pockets of opportunities have emerged in the pharma, IT, chemicals, and infrastructure sectors, with five stocks showing upside potential.
SEBI-registered analyst Vinay Taparia has flagged five stocks – Glenmark Pharma, Dr Reddy's, Adani Ports, TCS, and Gujarat Fluorochemicals – for substantial gains over the next six to nine months.
Let's take a look at his recommendations:
Glenmark Pharmaceuticals
Glenmark has seen a good breakout. The stock can move to ₹2,350 in the short term, but a close below ₹1,965 negates the view.
Dr Reddy's
Adani Ports
Adani Ports has seen a double bottom breakout with good volumes. It can move to ₹1,480-₹1,600 levels in the next six to nine months. A close below ₹1,290 negates this view.
Tata Consultancy Services (TCS)
TCS can move to ₹3,180-₹3,350 in the short term, but a close below ₹2,979 negates this view.
Gujarat Flourochemicals
Gujarat Fluoro has seen a good breakout with huge volumes. The stock can move to ₹4,250-₹4,500 in the next six to nine months, and a close below ₹3,300 invalidates this outlook.
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