The Indian stock market maintained its bullish momentum last week, with the Sensex climbing 0.36% and the Nifty 50 gaining 0.35% on the final trading day. As the new week begins, investors are closely watching a few key stocks expected to show strong movements based on technical signals and recent developments.
1. Laurus Labs
Angel One has recommended Laurus Labs with a stop loss of ₹679. Market expert Rajesh Bhosale suggests buying the stock in the range of ₹698–₹792, with a target price of ₹750. The stock shows potential for a short-term uptrend, making it an attractive pick for traders looking for momentum plays.
2. Grasim Industries
Grasim Industries has been recommended with a stop loss of ₹2760 and a target price of ₹3050. The stock has been facing resistance near the ₹2800 level for several months, but it is now showing signs of breaking out. Bhosale advises buying in the ₹2850–₹2860 range, hinting at renewed bullish sentiment and a possible upward breakout.
3. Ashok Leyland
Ashok Leyland is also expected to perform well this week. A stop loss has been placed at ₹239 with a target of ₹270. Investors are advised to enter positions between ₹247 and ₹250. After four weeks of consolidation, the stock appears ready for a nearly 6% rally, supported by technical indicators pointing toward a potential trend reversal.
4. NTPC Green Energy
NTPC Green Energy may draw investor interest following the announcement of its 120 MW solar unit launch, part of the 220 MW Shajapur Solar Project in Madhya Pradesh. With Unit-2 now fully operational, NTPC strengthens its footprint in the renewable energy space, which could positively impact its stock performance.
These four stocks are likely to remain under investor focus today due to their strong technical outlook and fundamental developments.
