Four stocks may rally up to 21% soon

economictimes.indiatimes.com

The Nifty and Sensex saw a significant rise of 4.2% last Friday. This marked the biggest weekly increase in over four years. Analysts say this growth is due to foreign investors returning and hopes that major stock indexes have hit their lowest point after a big drop. Several stocks have been highlighted for their potential to increase by up to 21% in the short term. One of these is Bandhan Bank. The stock has decreased by almost 41% over the past year but has recently been trading in a stable range. Analysts suggest it could be forming a pattern that indicates a shift from a downward trend to an upward one. Aurobindo Pharma is also gaining attention. The company experienced a strong recovery and is showing signs of moving out of a downtrend. Analysts see this as a positive sign for future growth. Cipla Ltd has shown strong signs of recovery as well. It has recently broken out of a double bottom chart pattern, which is seen as a bullish signal. Increased trading volume suggests that more investors are confident in its potential. Another stock, Hikal Ltd, has broken out of a rounding bottom pattern. Some strong buying interest is reflected in the trading volume. The stock is currently near its recent highs, which shows it might continue to rise in the near term. Analysts emphasize that these recommendations are their own opinions and do not necessarily reflect the views of all financial experts.


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