Key facts
- NDR Auto is recommended with a buy rating, a CMP of Rs 843, stop-loss at Rs 809, and target at Rs 912.
- Divgi TorqTransfer Systems is recommended with a buy rating, a CMP of Rs 870, stop-loss at Rs 826, and target at Rs 959.
Analysts have recommended NDR Auto and Divgi TorqTransfer for Friday trading, citing bullish technical trends and improved equity sentiment. Lower oil prices and easing inflation concerns are supporting a more favorable outlook for growth-oriented sectors.
The recommendations provide specific trading ideas for investors looking to capitalize on current market trends, with analysts highlighting stocks poised for potential gains based on technical analysis and favorable macroeconomic conditions.
Analysts have identified NDR Auto Components and Divgi TorqTransfer Systems as stock recommendations for Friday, driven by improved market sentiment and bullish technical trends. The positive shift in investor sentiment is attributed to an interim US-Iran peace agreement, which has led to easing inflation worries and moderated crude oil prices below $85 per barrel. This has created a more stable interest rate outlook and enhanced earnings visibility for FY27.
NDR Auto Components is advised as a buy with a current market price (CMP) of Rs 843, a stop-loss of Rs 809, and a target of Rs 912. The stock has demonstrated a strong bullish breakout from a symmetrical triangle consolidation pattern, suggesting a potential resumption of its upward trend. It is trading above its short-term and medium-term moving averages, supported by increased buying interest. The Relative Strength Index (RSI) is above 60, indicating strengthening momentum without being in extreme overbought territory.
Divgi TorqTransfer Systems also receives a buy recommendation, with a CMP of Rs 870, a stop-loss of Rs 826, and a target of Rs 959. The stock has shown strong bullish momentum, rallying sharply and approaching a significant resistance zone. It has maintained a pattern of higher highs and higher lows, staying above key moving averages, which reflects a positive trend across multiple timeframes.
Virat Jagad, Sr Technical Research Analyst at Bonanza Portfolio, provided these recommendations, noting that growth-oriented sectors like autos, industrials, capital goods, and real estate are well-positioned to benefit from the improving macroeconomic environment.