33%. The move came as crude oil prices retreated, easing inflationary pressure on import‑dependent sectors. Traders remain cautious, but many are watching for a broader recovery that hinges on the unwinding of global geopolitical tensions and a steadier flow of foreign capital. Against this backdrop, veteran market strategist Sumeet Bagadia highlighted three stocks that he believes can deliver upside in the near term.
His shortlist features HDFC Bank, the country's largest private lender; Adani Ports and Special Economic Zone, a key player in logistics and maritime trade; and JSW Steel, a major steel producer benefiting from infrastructure spending. Bagadia cited strong balance sheets, sector‑specific tailwinds and favourable valuation gaps as the core reasons for his bullish stance. For HDFC Bank, Bagadia set a target of INR 1,800 per share with a stop‑loss around INR 1,620, pointing to its robust loan‑book growth and resilient asset quality. Adani Ports, priced at INR 800, carries a target of INR 950 and a stop‑loss of INR 770, reflecting expectations of higher cargo volumes as global trade normalises.
JSW Steel, trading near INR 500, is seen at a target of INR 620 with a stop‑loss of INR 470, driven by anticipated demand from government infrastructure projects and a gradual improvement in steel pricing. While the recommendations offer attractive entry points, Bagadia cautioned retail investors to monitor global risk factors, especially oil price volatility and any resurgence of trade disputes. Maintaining disciplined stop‑loss levels and aligning stock picks with one's risk appetite remains essential for navigating the current market environment.