Five Stocks to Watch for Upside Potential: Vodafone Idea, Vedanta, and More

Anuj Gupta, Director at Ya Wealth Global Research, has identified five stocks to buy this week with an upside of up to 24%. The stocks are Vodafone Idea, Dabur India, Tata Motors, Reliance Industries, and Vedanta. The expert expects Nifty to trade between 25,100 and 25,200. The stocks are seen as potential short-term investments with substantial volumes and breakout on the charts.

Markets started the week on a positive note, with the Nifty trading between 25,100 and 25,200, as per Anuj Gupta, Director at Ya Wealth Global Research [2]. The expert highlighted five stocks—Vodafone Idea, Dabur India, Tata Motors, Reliance Industries, and Vedanta—with potential upside of up to 24% in the short-to-medium term.

Vodafone Idea, which has been trading in an oversold zone, saw substantial volumes last week. The stock increased by 15% on the back of AGR relief measures by the PMO. Anuj Gupta recommends buying Vodafone Idea with a stop loss of Rs 5.50 and a target of Rs 9, expecting a 24% upside [2].

Dabur India gained 3% last week with substantial volumes seen at lower levels. Further upside is expected, and one can buy around the current market price (CMP) of Rs 518.30 with a stop loss of Rs 480 and a target of Rs 580 [2].

Tata Motors rose by 2.36% last week, closing at Rs 680.30. Lower-level recovery is visible, and the stock can be bought with a stop loss of Rs 645 and a target of Rs 740 [2].

Reliance Industries saw a 2.58% increase last week, closing at Rs 1,409.20. A trendline breakout suggests further upside, and one can buy with a stop loss of Rs 1,360 and a target of Rs 1,500 [2].

Vedanta gained 3.27% last week, closing at Rs 444.25. Substantial volumes and a breakout on the charts indicate a positive trend, and the stock can be bought with a stop loss of Rs 424 and a target of Rs 470 [2].

These recommendations are based on the current market conditions and are intended for short-term investments. Investors should conduct their own research and consider their risk tolerance before making any investment decisions.

References:

[1] https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-vedanta-lic-reliance-gmr-airports-vodafone-idea/articleshow/123369889.cms
[2] https://m.economictimes.com/markets/stocks/news/expert-take-vodafone-idea-vedanta-among-5-stocks-to-buy-this-week-for-upside-up-to-24-heres-why/articleshow/123498207.cms