Analysts Recommend Buying ONGC, TVS Motor, IRFC, and More for Potential Gains of 6-21% in the Next Month

Last week, the Indian stock market’s Nifty 50 index rose for the fifth consecutive week, gaining 1.3%. However, on Monday, July 8, the index dropped slightly due to valuation concerns. Investors are now waiting for the Union Budget and Q1FY25 earnings reports, which will influence market trends.

Experts believe the market still has growth potential but may see some selling if the index drops near 24,100. Anand James from Geojit Financial Services suggests that the index could rise to 24,720-24,800 in the short term but warns of a possible downside if it falls below 24,130.

Here are 10 stocks recommended by analysts that could see gains of 6-21% in the next 3-4 weeks:

1. HDFC Life Insurance Company
   • Current Price: ₹607.35
   • Target Price: ₹660
   • Upside Potential: 9%
   • Key Points: Strong breakout, bullish trend, above 200 EMA.
     
2. Cipla
   • Current Price: ₹1,509.90
   • Target Price: ₹1,600
   • Upside Potential: 6%
   • Key Points: Clean breakout, positive RSI.
     
3. SJVN
   • Current Price: ₹142.17
   • Target Price: ₹155
   • Upside Potential: 9%
   • Key Points: Breakout, positive RSI.
     
4. Indian Railway Finance Corporation (IRFC)
   • Current Price: ₹188.23
   • Target Price: ₹227
   • Upside Potential: 21%
   • Key Points: Bullish candle, strong RSI.
     
5. Container Corporation of India (Concor)
   • Current Price: ₹1,057.90
   • Target Price: ₹1,207
   • Upside Potential: 14%
   • Key Points: Support at ₹1,015, strong RSI.
     
6. TVS Motor Company
   • Current Price: ₹2,430.15
   • Target Price: ₹2,750
   • Upside Potential: 13%
   • Key Points: Positive candle formation, trend reversal.
     
7. Oil & Natural Gas Corporation (ONGC)
   • Current Price: ₹288.20
   • Target Price: ₹310-323
   • Upside Potential: 12%
   • Key Points: Breakout above symmetrical triangle, strong RSI.
     
8. CESC
   • Current Price: ₹168.02
   • Target Price: ₹182-190
   • Upside Potential: 13%
   • Key Points: Bullish trend, strong RSI.
     
9. Railtel Corporation of India
   • Current Price: ₹519.75
   • Target Price: ₹570-585
   • Upside Potential: 13%
   • Key Points: Breakout above consolidation zone, positive RSI.
     
10. MphasiS
    • Current Price: ₹2,628.90
    • Target Price: ₹2,813-2,855
    • Upside Potential: 9%
    • Key Points: Inverted head and shoulders pattern, positive RSI.
      

Investors should consider these stocks for potential gains, keeping an eye on market conditions and individual stock performance.