Top 3 Positional Stocks to Buy Now: Brokerage sees up to 21% return potential for investors

The Indian stock market ended Monday’s session on a steady note, helped by selective buying in mid and small-cap counters. The day began with some volatility as traders booked profits, but key indices managed to close marginally in the green. The Sensex added 39.78 points to settle at 83,978.49, while the Nifty 50 inched up 0.16 per cent to 25,763.35.

Broader markets showed better strength than frontline stocks. The Nifty Midcap 100 climbed 461.50 points, or 0.77 per cent, to end at 60,287.40, while the Nifty Smallcap 100 gained 132.60 points, or 0.72 per cent, to close at 18,513.40.

Brokerage firm PL Capital believes a few selective stocks are showing encouraging technical formations. The report has shortlisted BSE Ltd, Tourism Finance Corporation of India (TFCI), and Sobha Ltd, indicating that all three are likely to see further upside as per current chart patterns. Zee Business noted that these stocks have entered a breakout zone and could extend their gains if momentum continues.

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1) BSE Ltd Share Price Target

Target: Rs 2,850–Rs 3,000 | Stop Loss: Rs 2,360 | Upside: 18 per cent

The stock of BSE Ltd had been moving sideways for several weeks and is now showing signs of fresh momentum. Analysts tracking its movement pointed out that the stock has given a breakout with noticeable volume activity. A positive reversal on the RSI chart adds weight to the bullish view. According to PL Capital, the counter has the potential to touch levels between Rs 2,850 and Rs 3,000 in the near term.

2) Tourism Finance Corporation of India Share Price Target

Target: Rs 75–Rs 78 | Stop Loss: Rs 65 | Upside: 12 per cent

After a recent correction, TFCI appears to have regained strength. The stock formed a positive candle on the daily chart, which hints at renewed buying interest. The RSI indicator has also moved closer to the oversold region and is beginning to turn up, signalling early signs of recovery. Market experts feel that the stock could move towards Rs 78 if this trend sustains.

3) Sobha Ltd Share Price Target

Target: Rs 1,860–Rs 2,000 | Stop Loss: Rs 1,500 | Upside: 20 per cent

Real estate firm Sobha Ltd is also on the radar after its share price bounced sharply from the 200-DMA mark near Rs 1,400. Staying above its 50-EMA around Rs 1,532 has lent further confidence to investors. The counter has broken its long-term downtrend line close to Rs 1,600, supported by higher volumes. Analysts say this structure points towards a possible move to Rs 2,000 in the short to medium term.

Analyst View

According to PL Capital, the technical setup for all three stocks — BSE, TFCI, and Sobha — looks constructive. However, the report also cautions that traders should continue to maintain proper stop losses to manage risk, especially after the recent market run-up.