Traders Diary: Buy, sell or hold strategy on Piramal Pharma, Vedanta, Thermax, Indus Tower, and other top stocks today

Traders’ Diary: Stocks to watch for Thursday, December 28, 2024

In this edition of Traders' Diary, Zee Business research analysts Ashish Chaturvedi and Kushal Gupta share their top picks for investors and traders. Check out the complete list of stocks to watch and trading ideas for the day:

Ashish Chaturvedi

Cash Segment

• Buy Piramal Pharma | Target: Rs 265 | Stop Loss: Rs 246
  JM Financial initiates coverage with a ‘buy’ call and a target price of Rs 340, reflecting a 36 per cent upside from current levels.

Futures

• Buy Indus Tower | Target: Rs 365 | Stop Loss: Rs 350
  ITAT rules in the company’s favour, resulting in a benefit worth Rs 3,500 crore.

Options

• Buy Cummins 3700 CE | Target: Rs 85 | Stop Loss: Rs 55
  Technically strong setup signals further upside.

Technical Pick

• Buy Thermax | Target: Rs 5,200 | Stop Loss: Rs 4,832
  Positive price action over the last four weeks; signals buying momentum in the capital goods space.

Fundamental Pick

• Buy Triveni Turbine | Target: Rs 945 | Duration: 1 Month
  Capital goods company with a strong order book of Rs 1,796 crore.

Investment Idea

• Buy ACE | Target: Rs 1,705 | Duration: 12 Months
  Market leader with a seventy per cent share in the pick-and-carry segment; also receives defence orders for forklifts.

News-Based Pick

• Buy Vedanta Ltd | Target: Rs 530 | Stop Loss: Rs 500
  Company announces Rs 8.5/share as its fourth interim dividend.

My Choice Picks

1. Buy Texmaco | Target: Rs 245 | Stop Loss: Rs 220
   Received an order worth Rs 187 crore from Chhattisgarh State Power Transmission for 132KV transmission lines; to be completed within 15 months.
2. Buy RVNL | Target: Rs 485 | Stop Loss: Rs 465
   Acceptance letter issued for a Rs 270 crore project by Maharashtra Metro Rail Corporation; order completion timeline is thirty months.
3. Buy RailTel | Target: Rs 465 | Stop Loss: Rs 437
   Secured a Rs 38 crore order from Central Warehousing Corporation for CCTV installations; completion date set for May 16.

My Best Pick

• Buy Thermax | Target: Rs 5,200 | Stop Loss: Rs 4,832

Kushal Gupta

Investment Idea

• Buy NTPC | Target: Rs 430 | Duration: 1 Year
  Good pick from the power sector.

News-Based Pick

• Buy GMR Airports | Target: Rs 87 | Stop Loss: Rs 82
  November passenger traffic grew fourteen per cent year-on-year to 1.12 crore; aircraft movement up eight per cent to 69,540.

My Choice Picks

1. Buy CAMS Futures | Target: Rs 5,330 | Stop Loss: Rs 5,160
   Stock has surged more than sixteen per cent in the last one month.
2. Buy Dalmia Bharat Futures | Target: Rs 2,000 | Stop Loss: Rs 1,930
   Stock has gained over fifteen per cent in the past month.

Best Pick

• Buy Marico | Target: Rs 760 | Duration: 1 Year
  Strong contender from the FMCG space.