Adani Ports, TCS, Glenmark Among SEBI Analyst’s Breakout Calls

Pockets of opportunities have emerged in the pharma, IT, chemicals, and infrastructure sectors, with five stocks showing upside potential.

SEBI-registered analyst Vinay Taparia has flagged five stocks – Glenmark Pharma, Dr Reddy’s, Adani Ports, TCS, and Gujarat Fluorochemicals – for substantial gains over the next six to nine months. 

Let’s take a look at his recommendations: 

Glenmark Pharmaceuticals

Glenmark has seen a good breakout. The stock can move to ₹2,350 in the short term, but a close below ₹1,965 negates the view.

Dr Reddy’s 

Dr Reddy’s has also seen a good breakout on its charts. The stock is trading above its 200 and 50-day Exponential Moving Averages (EMAs). Dr Reddy’s can move to ₹1,380-₹1,490 levels in the next six to nine months, but a close below ₹1,230 invalidates the view.

Adani Ports

Adani Ports has seen a double bottom breakout with good volumes. It can move to ₹1,480-₹1,600 levels in the next six to nine months. A close below ₹1,290 negates this view.

Tata Consultancy Services (TCS)

TCS can move to ₹3,180-₹3,350 in the short term, but a close below ₹2,979 negates this view.

Gujarat Flourochemicals

Gujarat Fluoro has seen a good breakout with huge volumes. The stock can move to ₹4,250-₹4,500 in the next six to nine months, and a close below ₹3,300 invalidates this outlook.

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