Top 3 Stock Picks: Lodha Developers, Premier Energies, HDFC AMC with Targets
Analyst Aakash K Hindocha of Nuvama Professional Clients Group recommends three stocks with specific buy targets and stop-loss levels as of April 30, 2026
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- Nuvama's Aakash K Hindocha recommends buying Lodha Developers (target Rs 1046), Premier Energies (target Rs 1160), and HDFC Asset Management Company (target Rs 3000) as top stock picks for April 30, 2026.
- The analyst provides specific entry prices, stop-loss levels, and technical analysis for each stock.
- Nifty is seen ranging between 23750-24300 while Bank Nifty shows bearish breakdown below 55700 with downside targets of 54900/54500.
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Indian stock market recommendations from Nuvama Professional Clients Group. The analysis comes ahead of FOMC outcome and exit poll results. Real estate sector has been one of the best performers in April with short covering, while Bank Nifty has broken down technically.
Top stock market recommendations: Lodha Developers, Premier Energies, and HDFC Asset Management Company have been picked by Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group as the top stocks to buy on April 30, 2026. He shares his target levels and also outlook for indices Nifty and Bank Nifty.
Index View: Nifty Index appeared strong in the first half of new series day, however half of its intraday gains were trimmed by closing as oil spiked and profit taking emerged ahead of multiple events of exit poll and FOMC outcome. A range between 23750 and 24300 has now been developed and any close on either side would allow commencement of a sharper trend.
Bank Nifty Bank Nifty closed below its support of 55700 along with giving a bearish head and shoulder breakdown on hourly charts. This has opened further downside towards 54900/54500 while negation on this down move is seen above 56000.
Lodha Developers (BUY): LCP: Rs 912 Stop Loss: Rs 872 Target: Rs 1046 Stock has hit 8 week high while Real Estate index experiencing short covering all through April and has been one of the best performers in sectoral bets this month. Buying on LODHA has emerged from an attractive support band of 650 – 750 reinforcing that the zone being a retest for further leg upside. Given the bullish flag formation set up clubbed with ongoing momentum, the ongoing long side is set to unfold further for targets nearing 1050 odd.
Premier Energies (BUY): LCP: Rs 1039 Stop Loss: Rs 955 Target: Rs 1160 Stock has given a 15-month trendline after a stellar rally over the past 2 months. Having reclaimed above its 200 DMA and holding above the same, limits the near-term downside on this name despite the run up. Expect another 10%-12% upside given the set up on charts.
HDFC Asset Management Company (BUY): LCP: Rs 2787 Stop Loss: Rs 2645 Target: Rs 3000 A six-month trendline breakout supported by a rising trendline holding steady for the past 3 years which helped a reversal earlier this month. Adding to this a reclamation of 200 DMA adds to the recovery phase on the stock helping to end the ongoing consolidation. Target open for new all-time highs.
(Disclaimer: The recommendations and views on the stock market, stocks shared above or any tips given by experts are their own. These opinions do not represent the views of The Times of India)
Açık Sorular
- Will the FOMC outcome support or pressure Indian markets?
- Will exit poll results drive market direction?
- Can real estate rally sustain beyond April?
