Laxmi Organic, Madhya Bharat Agro, Garuda: SEBI Analyst Sees Breakout Potential Ahead

The analyst identified bullish setups driven by strong fundamentals for these midcap stocks.

Laxmi Organic Industries, Madhya Bharat Agro Products, and Garuda Construction are showing promising near-term opportunities. 

SEBI-registered analyst Palak Jain has flagged these three stocks. Let’s take a look at her recommendations: 

Laxmi Organic Industries

Jain highlighted that Laxmi Organic has a strong asset base (total reserves and surplus at ₹1,856 crore) supporting business stability and growth. On the technical charts, the stock has seen a resistance breakout with strong volumes, signaling bullish momentum ahead. It is trading above key moving averages, which confirms a short-term uptrend.

Jain recommended buying above ₹224, for targets of ₹231, ₹237 and ₹251, with a stop loss at ₹197.

Madhya Bharat Agro Products

Madhya Bharat Agro charts show a formation of a symmetrical triangle pattern, indicating price compression. A breakout from here often leads to strong directional moves. The stock is approaching a breakout zone, which may trigger increased volatility and trend continuation, according to Jain.

On the fundamental front, the company has recorded a 131% year-on-year (YoY) rise in profits in FY25, with sales up 30%, showing rapid expansion and solid demand. Its return-on-equity (RoE) and return-on-capital-employed (RoCE) stand at 14.2% and 18%, indicating efficient use of capital and good management.

Garuda Construction & Engineering

On its technical charts, she noted a rounding bottom pattern and a breakout above resistance levels, signalling a bullish move ahead. A spike in columns confirms buying interest and that positive momentum is likely to continue. 

Jain recommended buying Garuda above ₹189 for targets of ₹195, ₹200, and ₹211, with a stop loss at ₹166.

On its fundamental front, the company has shown consistent profit growth and strong reserves that ensure business stability and future expansion.

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