Top 9 Stocks to Buy Now: Adani Ports, Cipla, Ashok Leyland, and More Predicted to Rise 4-16% in 3-4 Weeks

After a strong 2% gain last session, the Indian stock market’s Nifty 50 hit a new high of 24,980.45 on July 29. Experts believe the market will continue to grow, driven by India’s strong economic prospects and the expected rate-cut cycle.

V K Vijayakumar from Geojit Financial Services noted that positive signals from the US economy and the anticipation of a Fed rate cut in September are bolstering the market globally.

Here are nine stocks recommended by analysts that are expected to rise by 4-16% in the next 3-4 weeks:

Jigar S. Patel, Anand Rathi Share and Stock Brokers

1. Adani Ports
   • Last Close: ₹1,542.75
   • Buy Range: ₹1,530-1,540
   • Target: ₹1,650
   • Stop Loss: ₹1,480
   • Potential Upside: 7%
   • Reason: Broke above a consolidation range with increased volume, supported by RSI.
     
2. Cipla
   • Last Close: ₹1,575
   • Buy Range: ₹1,525-1,540
   • Target: ₹1,635
   • Stop Loss: ₹1,495
   • Potential Upside: 4%
   • Reason: Broke above a consolidation range with massive volume, supported by RSI.
     
3. IDFC First Bank
   • Last Close: ₹74.48
   • Buy Range: ₹72-75
   • Target: ₹84
   • Stop Loss: ₹68.5
   • Potential Upside: 13%
   • Reason: Found support at 0.618 retracement level, forming a bullish bat pattern.
     

Shiju Koothupalakkal, Prabhudas Lilladher

4. Gujarat Mineral Development Corporation (GMDC)
   • Last Close: ₹402.50
   • Buy Range: ₹397-406
   • Target: ₹462
   • Stop Loss: ₹385
   • Potential Upside: 15%
   • Reason: Positive candle formation, RSI trend reversal, and moving averages support.
     
5. BF Utilities
   • Last Close: ₹812.25
   • Buy Range: ₹800-816
   • Target: ₹940
   • Stop Loss: ₹745
   • Potential Upside: 16%
   • Reason: Support near long-term trendline, RSI trend reversal, and technical strength.
     
6. Cummins India
   • Last Close: ₹3,718.15
   • Buy Range: ₹3,670-3,750
   • Target: ₹4,200
   • Stop Loss: ₹3,370
   • Potential Upside: 13%
   • Reason: Support near long-term trendline, RSI trend reversal, and technical strength.
     

Axis Securities

7. Piramal Enterprises (PEL)
   • Last Close: ₹992.10
   • Buy Range: ₹980-962
   • Target: ₹1,085-1,125
   • Stop Loss: ₹913
   • Potential Upside: 13%
   • Reason: Breakout above resistance, positive moving averages, and RSI strength.
     
8. Quess Corp
   • Last Close: ₹711.15
   • Buy Range: ₹685-673
   • Target: ₹755-785
   • Stop Loss: ₹642
   • Potential Upside: 10%
   • Reason: Breakout above resistance, positive volume activity, and RSI strength.
     
9. Ashok Leyland
   • Last Close: ₹246.38
   • Buy Range: ₹242-238
   • Target: ₹272-285
   • Stop Loss: ₹224
   • Potential Upside: 16%
   • Reason: Breakout above consolidation, support at Fibonacci retracement level, and RSI strength.