Big Moves on D-Street: What Investors Should Know About Samvardhana Motherson, Kaynes Tech, and HAL

After a record-breaking rally, Indian stock indices ended slightly down on Tuesday due to profit-taking in metal, oil, and IT stocks amid weak global trends. Here’s what you need to know about three standout stocks: Samvardhana Motherson, Kaynes Technology, and HAL.

Samvardhana Motherson

This stock had a strong run, climbing from a low of 107 in March 2024 to an all-time high of 208. It’s currently trading between 169 and 207. Despite recent fluctuations, it remains above its 20-day and 50-day moving averages. For long-term investors, it’s recommended to buy at current levels or on dips around 175. The stock could rise to 265-330 over the next 10-12 months. Use a stop loss of 155.

Kaynes Technology

After hitting a low of 2450 in May 2024, Kaynes Tech surged to an all-time high of 5380, giving a 120% return. However, it’s currently overpriced and might dip further. Support levels are between 4400 and 4100. Consider buying on dips around 4450 or 4250 with a stop loss of 4000. The stock could reach 5500-6000 in the next 10-12 months.

HAL

HAL’s stock surged from a low of 2905 in March 2024 to a high of 5659, a 95% increase. It has recently corrected and is trading between 4467 and 4900. The stock has broken out of its consolidation phase and could rise further. Buy at current levels or on dips around 4550, with a stop loss of 4100. The stock might reach 5800-6500 in the next 10-12 months.

In summary, while all three stocks have shown strong performance, timing your investments and watching for dips can maximize potential returns.