Shilpa Rout, a financial analyst from Prabhudas Lilladher, shared her top stock picks and offered valuable perspectives on the current market conditions on CNBC-TV18

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Her first pick was ABB India, a company operating in the capital goods sector. She began by highlighting the overall strength of the capital goods industry. ABB India's setup, in particular, caught her attention as it displayed robust potential for growth. Currently trading around Rs 4,170, she recommended setting a stop loss at Rs 4,135 while targeting a range of Rs 4,230 to Rs 4,260. According to her, ABB India appears well-positioned for a substantial upward movement.

It's worth noting that the stock had experienced a decline of over 9% in the past month.

Shilpa Rout's second pick was AU Small Finance Bank. She pointed out that the stock was in a consolidation phase, trading between Rs 700 and Rs 720. The key support level stood strong at Rs 700. Shilpa expressed optimism that once the stock surpasses Rs 720, it could potentially embark on a robust upward trajectory, aiming for the Rs 770 zone.

Shilpa recommended accumulating the stock on declines near Rs 700 and maintaining a long position.

United Spirits, a prominent player in the alcoholic beverage industry, was the third stock discussed by Rout. She noted that the stock had a formidable support level at Rs 1,015. For intraday traders, she suggested initiating a long position with a stop loss just below Rs 1,015, aiming for a target range of Rs 1,055 to Rs 1,060. Shilpa further added that if the stock manages to sustain the Rs 1,055-1,060 level, there is potential for a robust upside move toward Rs 1,100. The setup appeared positive, with a favorable risk-reward ratio for intraday traders. For positional traders, Shilpa recommended setting a stop loss just below Rs 1,000 while maintaining a long position.

Over the previous month, both AU Small Finance Bank and United Spirits have experienced declines exceeding 3%.

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