Eicher Motors, Bharti Airtel, Narayana Hrudayalay, Patanjali Foods hit new high: What should investors do?

Eicher Motors, Bharti Airtel, Narayana Hrudayalay, Patanjali Foods hit new high: What should investors do? Amid the continued run-up on the headline Nifty50 index and stock-specific fundamentals, some of the bluechips including Bharti Airtel have continued to fan the rally. In Monday's session (April 21, 2025) as Nifty swiftly breached 24,000 levels powered by gains in financial services, some stocks such as Eicher Motors, Bharti Airtel, Narayan Hrudayalay, Patanajli Foods, Gallantt Ispat and Healthcare hit their new highs or traded close to all-time highs.

Here's a view on stocks trading at a new high or close to all-time high by Dr Ravi Singh, SVP - Retail Research, Religare Broking Ltd.

EICHER MOTORS
The stock has been trading on a bullish ascending trend line and hit all-time high in today’s trading session. For the coming days, the price is likely to maintain the same momentum. In respect to any fresh position 5200 to 5300 presents a favorable entry zone for upside potential of 5900 and 6200 with a stop loss of 4800.

BHARTI AIRTEL
The stock has been exhibiting a clear breakout from the consolidation zone of 1500 to 1800 and hit all-time high in today’s trading session. For the coming days, the price is likely to maintain the same pace with upside potential of 1950 and 2100. For a fresh buying 1750 to 1800 represents immediate demand zone and recommended stop loss level is 1500

NARAYAN HRUDAYALAY
The stock price has been exhibiting a robust breakout from the consolidation zone of 1150 to 1450 and successfully retested the same on 7th April. Price is trading above key moving averages of 21-week and 55-week EMA so is likely to maintain a bullish trend ahead with upside potential of 2000 and 2100. For a fresh buying 1700 represents the demand zone with a stop loss of 1400.

PATANJALI FOODS
The stock has been trading in a consolidation zone of 1700 to 2000 with a weekly RSI of 63 and ATR of 113. In respect to any fresh position any decisive breakout above this zone could present an upside potential of 2450 and 2600 with a stop loss of 1800.

GALLANTT ISPAT
The stock prices show strong bullish momentum, trading well above its key moving averages of 21-week and 55-week EMAs. A sustained breakout above 400 with weekly RSI of 67 supports continued strength. Buy on current market price for targets of 510–540. Stop loss should be placed below 435.

HEALTHCARE GLOBAL
The stock has shown a bullish momentum characterized by higher high and higher lows formation on weekly charts with substantial increases in trading volume also favor a sustained uptrend. For upside potential of 680 and 730 long position should be beneficial near 550 with stop loss of 480.