Analysts Predict 7-27% Gains for Maruti, PNB, and Other Stocks in Coming Weeks

The Indian stock market had a strong week, boosted by the US Federal Reserve’s recent rate cut and easing recession worries due to better-than-expected jobless claims in the US. The Nifty 50 index rose nearly 2% for the second week in a row, climbing about 19% so far this year.

Experts are optimistic about the domestic market but advise careful stock selection. They recommend buying 11 stocks, expecting them to rise between 7% and 27% over the next three to four weeks. Here’s a look at their suggestions:

1. SBI Life Insurance
   • Previous Close: ₹1,870.25
   • Buy Range: ₹1,860 – ₹1,885
   • Target Price: ₹2,120
   • Stop Loss: ₹1,770
   • Upside Potential: 13%
   • The stock is showing a positive trend after recent dips.
2. Escorts Kubota
   • Previous Close: ₹4,079.25
   • Buy Range: ₹4,050 – ₹4,100
   • Target Price: ₹4,575
   • Stop Loss: ₹3,770
   • Upside Potential: 12%
   • The stock is bouncing back after a decline.
3. Havells India
   • Previous Close: ₹2,048.10
   • Buy Range: ₹2,030 – ₹2,060
   • Target Price: ₹2,270
   • Stop Loss: ₹1,955
   • Upside Potential: 11%
   • The stock shows signs of a breakout after a period of consolidation.
4. Housing & Urban Development Corporation (HUDCO)
   • Previous Close: ₹251.05
   • Target Price: ₹300 and ₹320
   • Stop Loss: ₹220
   • Upside Potential: 27%
   • A recent breakout indicates strong potential for growth.
5. Cummins India
   • Previous Close: ₹3,814.05
   • Target Price: ₹4,100 and ₹4,200
   • Stop Loss: ₹3,600
   • Upside Potential: 10%
   • A potential breakout is on the horizon.
6. Jindal Stainless
   • Previous Close: ₹776.70
   • Target Price: ₹850 and ₹870
   • Stop Loss: ₹720
   • Upside Potential: 12%
   • The stock is breaking out of its range.
7. BPCL
   • Previous Close: ₹331.20
   • Buying Price: ₹330
   • Target Price: ₹360 and ₹365
   • Stop Loss: ₹308
   • Upside Potential: 10%
   • The stock is showing signs of a reversal.
8. Punjab National Bank (PNB)
   • Previous Close: ₹108.41
   • Buying Price: ₹108
   • Target Price: ₹122 and ₹125
   • Stop Loss: ₹99.50
   • Upside Potential: 15%
   • A potential bullish reversal is indicated.
9. Rail Vikas Nigam (RVNL)
   • Previous Close: ₹544.25
   • Buying Range: ₹540
   • Target Price: ₹622 and ₹630
   • Stop Loss: ₹489
   • Upside Potential: 16%
   • The stock is in a bullish channel.
10. Maruti Suzuki India
    • Previous Close: ₹12,614.50
    • Buying Range: ₹12,500 – ₹12,650
    • Target Price: ₹13,500
    • Stop Loss: ₹12,100
    • Upside Potential: 7%
    • Recent breakout indicates strong buyer control.
11. JK Paper
    • Previous Close: ₹457.05
    • Buying Range: ₹440 – ₹460
    • Target Price: ₹535
    • Stop Loss: ₹405
    • Upside Potential: 17%
    • The stock is stabilizing after a significant decline.

These stocks are seen as solid investment opportunities based on their recent performances and market trends.