Technical analysts Mitessh Thakkar and Sudarshan Sukhani, Technical Trends, along with Rajesh Palviya, Axis Securities share their top stock picks for the day.

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From Mitessh Thakkar

Mitessh Thakkar's first buy call of the day is on Tata Communications. He recommends this with a stop loss below Rs 1,755 for an upside target of Rs 1,850. Shares have gained more than 10 percent in the last month.

He recommends a buy on GAIL with a stop loss of Rs 115 for an upside target Rs 122. The stock is up more than 4 percent over the last month.

Thakkar has a buy recommendation on BEL. He advises a stop loss of Rs 130 for a downside target of Rs 140. The stock has gained more than 5 percent in the last month

PI Industries is sell call from Mitessh Thakkar. His recommendation comes with target of Rs 3,600 and a stop loss of Rs 3,715. The stock has been flat in the last month.

From Sudarshan Sukhani

Sukhani finds a buying opportunity in Dr Reddy's. He advises traders to keep a stop loss of Rs 5,850. The stock is up more than 9 percent over the last month.

Sukhani's intraday short is on UPL. For this, he advises a stop loss above 590. The stock has declined more than 7 percent in the past month.

Hindustan Petroleum is another sell call from Sudarshan Sukhani. He recommends a stop loss above Rs 263. The stock has declined more than 13 percent in the past month.

Lastly, he has a buy call on Exide Industries and recommends a stop loss under Rs 258. The shares are up more than 6 percent in the past month.

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From Rajesh Palviya

Rajesh Palviya has a buy call on United Spirits with a stop loss of Rs 1,010 and a price target of Rs 1,065-1,070 on the upside. The shares are up more than 6 percent in the past month.

Additionally, he also has a buy recommendation on GMR Airports Infrastructure with a stop loss of Rs 56 and an upside target of Rs 64. Shares are up more than 24 percent over the last month.

Lastly, Palviya has a buy call on NMDC. For this, he advises a stop loss of Rs 117 and a target of Rs 128-130. The stock is up more than 9 percent in the past month.

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First Published:Aug 23, 2023 9:19 AM IST