Brijesh Ail, Head of Technical and Derivatives at Retail Research IDBI Cap, recommends buying Ceat Ltd., Pradeep Phosphate Ltd., and Ashok Leyland Ltd. with specific target prices and stop-loss levels for each.
Ceat Ltd., a leading Indian tire manufacturer, is advised to be bought with a target price of Rs 4,050 and a stop-loss at Rs 3,850.
For Pradeep Phosphate Ltd., the recommendation is to buy with a target of Rs 178 and a stop-loss at Rs 166. The company is involved in the production and marketing of fertilizers and industrial chemicals.
Ashok Leyland Ltd. is suggested to be bought with a target price of Rs 260 and a stop-loss at Rs 249. Ashok Leyland is one of India's largest commercial vehicle manufacturers, known for its trucks, buses, and defense vehicles.