Top 3 Stocks to Buy Today: Expert Vaishali Parekh Recommends HBL Power, GNA Axles, and Time Technoplast

Stocks to Buy Today: Vaishali Parekh’s Top Picks for August 26

The Indian stock market closed almost flat last Friday, August 23, with the Nifty 50 ending just 0.05% higher at 24,823.15 points and the BSE Sensex closing up by 0.04% at 81,086.21 points. Despite a positive trend in Asian and European markets, Indian indices showed little change.

Expert’s Stock Recommendations

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, suggests the Nifty index showed a steady gain last week but faced resistance around the 24,850 level. She believes the market sentiment remains strong, and the Nifty could soon reach 25,000 points, with support at 24,700 points. For the Bank Nifty, the expected range is between 50,600 and 51,400 today.

For today’s trading, Vaishali Parekh recommends buying three stocks:

1. HBL Power Systems Ltd.
   • Buy at: ₹657.20
   • Target: ₹690
   • Stop Loss: ₹642
2. GNA Axles Ltd.
   • Buy at: ₹434.25
   • Target: ₹460
   • Stop Loss: ₹424
3. Time Technoplast Ltd.
   • Buy at: ₹399
   • Target: ₹420
   • Stop Loss: ₹391

Market Outlook

Parekh also notes that the Bank Nifty is stuck between 51,000 and 50,300 levels, needing a breakout above 51,000 to see a fresh upward move. A strong support level at 49,600 needs to be maintained to keep the market bias positive.

Investors are advised to watch these key levels and consider buying the recommended stocks for potential gains.