Did you know Nifty50 took just 41 days to reach Mount 18,000 after touching the 17,000 mark for the first time ever? Indian equity benchmarks are reaching new heights every day with no sign of fatigue. Are there any stocks you can buy now to make most of the market rally? Scrips such as Jubilant FoodWorks, Asian Paints and Vinati Organics are among analysts' top bets that are looking attractive at the current juncture for solid gains in the near future.
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Jubilant FoodWorks: The stock has broken out of a swing high on a closing basis, suggesting further upside. One can buy Jubilant FoodWorks shares for a target of Rs 4,500 with a stop loss at Rs 4,100. (Analyst: Shrikant Chouhan, Kotak Securities)
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Vinati Organics: The stock appears to be in an uptrend with momentum indicators MACD and RSI suggesting further upside. Buying is recommended above Rs 2,120 for a target of Rs 2,280 with a stop loss at Rs 2,035. (Analyst: Ashis Biswas, CapitalVia Global Research)
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Apollo Tyres: The stock has formed a flag pattern, reversing course from support at the 200-day moving average. One can buy Apollo Tyres shares above Rs 245 for a target of Rs 325 with a stop loss at Rs 198. (Analyst: Ashis Biswas, CapitalVia Global Research)
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JSPL: The stock appears to be in a consolidation phase holding above crucial support at Rs 410/405. It is outperforming the metals and mining space. Shares can be bought for a target of Rs 440 with a stop loss at Rs 410. (Analyst: Shrikant Chouhan, Kotak Securities)
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Asian Paints: The stock has formed a channel on the daily charts, trading near support at the channel line. Technical indicators are suggesting that the momentum is likely to continue going forward. Buying is recommended above Rs 3,310 for a target of Rs 3,500 with a stop loss at Rs 3,170. (Analyst: Ashis Biswas, CapitalVia Global Research)
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Vedanta: The stock has taken out an existing high with healthy volumes. It is backed with a strong sectoral chart, which makes it a perfect buy candidate. One can buy Vedanta for a target of Rs 360 with a stop loss at Rs 280. (Analyst: Manish Hathiramani, Deen Dayal Investments)
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Adani Ports: The stock has zoomed past an intermediate high of Rs 786, which should allow it to gain more altitude. Buying is recommended for a target price of Rs 820 with a stop loss at Rs 730. (Analyst: Manish Hathiramani, Deen Dayal Investments)
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