Pick of the week: KEI Industries, Ipca laboratories among analysts' short term picks
Zee Business panelists' Rakesh Bansal, Kunal Saraogi among others have listed few stocks including both from the cash and F&O segment for the week ending January 3, 2025.
Even amid high uncertainty, Indian equities managed to deliver positive returns this year. In Monday's session (December 30), Indian equities continued their positive streak and were up 0.14 per cent or 109 points at 78,808 on the BSE.
Pick of the week: Ipca Laboratories
Mehul Kothari, AVP- Technical Research at AnandRathi Shares & Securities has listed the pharma scrip as its Pick of the week.
Pick of the week: Ipca Laboratories buying range and target price
The recommended target price on the stock is Rs 1,670/ 1,700 for over 4 per cent gains. The suggested stop loss is Rs 1,580 per share. The stock has registered a breakout after the recent consolidation.
Pick of the week: Lupin futures
Kunal Saraogi- SEBI- Registered analyst is bullish on Lupin futures as there is seen traction in the pharma pack.
Pick of the week: Lupin futures target price
Priced at Rs 2,244.2, the analyst pegs the initial target for the trade at Rs 2,300 and the next at Rs 2,325, implying decent gains of nearly 4 per cent.
Pick of the week: Zomato futures
Rakesh Bansal of Rakesh Bansal Ventures has suggested to 'sell' the stock futures.
Pick of the week: Zomato futures target
For the scrip, the target pegged by the analyst is Rs 253, implying a downside of over 7 per cent from the price of Rs 273.3. The stop loss recommended is Rs 282.
Pick of the week: KEI Industries
Also, Rakesh Bansal is bullish on KEI Industries- the scrip from the cables and electricals space.
Pick of the week: KEI Industries target price
At the current price of Rs 4,343, the stock has been given a 'buy' for upside of up to 5 per cent -with the target at Rs 4,560 and a stop loss of Rs 4,200 per share.
Pick of the week: Lumax Auto Technologies
Sandeep Jain of Tradeswift broking recommends a buy on the auto components stock.
Pick of the week: Lumax Auto Technologies target
The target for the scrip is Rs 680/ 690, implying decent gains of over 8 per cent.
Pick of the week: Subros
Jain also likes Subros and has given a buy for a target of Rs 710/ 730 per share- meaning healthy upside of nearly 14 per cent from the current price of Rs 642. The recommended stop loss is Rs 625 per share.