
Pockets of opportunities have emerged in the financials, defense, and chemicals sectors, with four stocks showing breakout potential.
SEBI-registered analyst Vinay Taparia has flagged four stocks – L&T Finance, GRSE, Zaggle, and Laxmi Organics – for substantial gains over the next six to nine months.
Let’s take a look at his recommendations:
L&T Finance
L&T Finance has given a good breakout with volumes. The stock can move to ₹250-₹280 levels in the next 9 to 12 months, with ₹190 acting as a good support on the downside. But a close below ₹185 negates this view.
L&T Finance shares have rallied 53% so far this year.
Garden Reach Shipbuilders & Engineers (GRSE)
GRSE has given a small breakout on the daily chart. It can move to ₹3,000-₹3,300 in the next 6 to 9 months, but a close below ₹2,424 invalidates this outlook.
GRSE shares have rallied 62% so far this year.
Laxmi Organic Industries
Laxmi Organic has achieved a strong breakout with volumes. The stock also ended above the 200-day Exponential Moving Average (EMA), and its Relative Strength Index (RSI) indicates strength ahead.
The stock can move to ₹238-₹278 in the next 6 to 9 months, with ₹200 acting as a good support on the downside. A close below ₹195 negates this view.
Laxmi Organic shares are down nearly 10% year-to-date (YTD).
Zaggle Prepaid Ocean Services
Zaggle stock has given a good breakout on the daily chart with superb volumes. The stock can move to the ₹430-₹465 level in the next 6 months, with the ₹395 level acting as a good support on the downside. A close below ₹385 negates the view.
Zaggle shares have risen 11% so far this year.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.