Axis Direct has highlighted multiple technical picks poised for strong gains over the next 12 months heading into Samvat 2083. Shivalik Bimetal Controls and Jyoti CNC Automation lead the selections with projected gains approaching 50 percent following channel breakouts. Additionally, companies like Mayur Uniquoters, The Karnataka Bank, and IOL Chemicals each feature upside targets surpassing 40 percent. The wider list incorporates blue-chip and sector-specific leaders including Kotak Mahindra Bank, Tech Mahindra, and Hindustan Aeronautics.
Key points
Technical breakout setups across diverse sectors underpin potential 12-month investment r…: Technical breakout setups across diverse sectors underpin potential 12-month investment returns for the upcoming Samvat 2083 period.
Multiple picks including The Karnataka Bank and IOL Chemicals present projected upsides o…: Multiple picks including The Karnataka Bank and IOL Chemicals present projected upsides of at least 45 percent.
Established sector leaders such as Hindustan Aeronautics and Kotak Mahindra Bank offer pr…: Established sector leaders such as Hindustan Aeronautics and Kotak Mahindra Bank offer projected 12-month gains of 25 percent.
Sources checked by our analysis pipeline: 1
The pharma company currently trades at a CMP of Rs 1,660, with a target price of Rs 2,100, representing a potential upside of 39% over a 12-month time frame. Aurobindo Pharma’s long-term chart shows a breakout above a prolonged consolidation range, followed by a retest of the breakout zone around Rs 1,000–1,100. The subsequent rebound suggests that the former resistance zone is acting as support, strengthening the case for a continuation of the broader uptrend.
ETMarkets.com
2/12
Hindustan Aeronautics
State-owned defence major trades at a CMP of Rs 4,870 and has a target price of Rs 5,850, offering a potential upside of 25% over a 12-month time frame. On the monthly chart, HAL has consolidated within a contracting range following a strong uptrend, forming a symmetrical triangle. The price has recently moved above the descending trendline, suggesting a potential resumption of the broader uptrend.
Agencies
3/12
IOL Chemicals and Pharmaceuticals
The company has a CMP of Rs 185 and a target price of Rs 235, which reflects a potential upside of 45% over a 12-month time frame. On the six-monthly…
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