Stocks to Buy: Expert picks 3 potential shares; check targets and stop-loss levels

Stocks to Buy: Indian equities started the week on a positive note, with the Nifty 50 holding above the 25,000 mark. Optimism around a potential US Federal Reserve rate cut has also underpinned sentiment. Against this backdrop, Axis Securities’ technical analyst Rajesh Palviya has identified three counters that he believes could deliver fresh gains.

INOX India Share Price Target

Palviya’s first pick for the long term is INOX India, which was quoted around Rs 1,230, up 5 per cent on Monday. The stock appears to have formed a base after a correction and continues to trade above key moving averages, a positive sign on the charts. He has pegged an upside target of Rs 1,380–1,450 with a stop-loss at Rs 1,160 should the trend reverse.

Add Zee Business as a Preferred Source

JBM Auto Share Price Target

For positional traders, Palviya points to JBM Auto, an auto ancillary player, which was changing hands at Rs 750, also up 5 per cent. The stock has surged 20 per cent in a week and 23 per cent over a month, rebounding from a September low of Rs 595. With momentum still strong, he has set a target range of Rs 880–900 and advised a stop-loss at Rs 710.

IOL Chemicals Share Price Target

His third idea is a short-term play on IOL Chemicals, trading at Rs 118, up 2.5 per cent, after touching a new 52-week high of Rs 123 in intraday trade. The stock has gained 6 per cent in a week, 27 per cent in two weeks and nearly 30 per cent over the past month, suggesting a breakout. Palviya has pencilled in a target of Rs 150–160 with a stop-loss at Rs 105.

Why it matters

With the index consolidating at record levels and macro headwinds easing, Palviya says these three names offer a mix of long-term resilience and near-term price momentum, giving investors a way to ride the current uptrend while managing risk.