Here are the top stocks recommended by Ankush Bajaj, Raja Venkataraman, and MarketSmith India for Wednesday, 9 April.

Three stocks to buy today, as recommended by Ankush Bajaj

Buy: HINDPETRO (current price: ₹369)

• Why it’s recommended: Stock is ready to give a breakout after consolidating in a narrow range of ₹350– ₹370. RSI on the 15-minute chart is above 60, indicating strong bullish momentum.
• Key metrics: RSI: 61 (bullish), Breakout zone: ₹370+, Recent range: ₹350– ₹370
• Technical analysis: Price is tightly consolidating; a breakout above ₹370 can trigger a quick upside. RSI confirms strength in the move.
• Risk factors: Oil marketing companies can be impacted by crude oil price volatility, government policies, and currency fluctuations.
• Buy at: ₹369
• Target price: ₹384– ₹388 in 1–2 weeks
• Stop loss: ₹364

Buy: PETRONET (current price: ₹285)

• Why it’s recommended: Stock has formed a double bottom near the ₹270 level and has successfully closed above the key resistance zone of ₹282, indicating bullish strength and a potential upward move.
• Key metrics: Double bottom at ₹270, Breakout above ₹282 resistance, Strong closing price at ₹285
• Technical analysis: A classic double bottom pattern has emerged, and the recent breakout above ₹282 confirms a trend reversal. Momentum is likely to continue towards higher levels.
• Risk factors: Gas distribution sector is sensitive to global LNG prices and regulatory policies which may affect margins.
• Buy at: ₹285
• Target price: ₹295– ₹298 in 1–2 weeks
• Stop loss: ₹278

Buy: ATGL (Adani Total Gas Ltd) (current price: ₹352)

• Why it’s recommended: The stock has shown a strong recovery from ₹324 levels and is now approaching a breakout zone near ₹355. On the 15-minute chart, RSI is trading at 60, indicating building bullish momentum.
• Key metrics: RSI: 60 (bullish), Breakout level: ₹355, Recent low: ₹324
• Technical analysis: Price is nearing a critical breakout point. Sustaining above ₹355 could lead to a sharp upward move. Recovery from recent lows adds to the bullish setup.
• Risk factors: The sector is sensitive to policy changes, input costs, and global gas price fluctuations.
• Buy at: ₹352– ₹355
• Target price: ₹370– ₹375 in 1–2 weeks
• Stop loss: ₹344

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Three stocks to buy today, recommended by NeoTrader’s Raja Venkatraman

SCHAND: Buy above ₹195, stop ₹188, target ₹205-210

S Chand Group has undergone a commendable financial turnaround by improving revenue stability and strengthening its bottom line. The company has managed to maintain cash flow efficiency with a focus on reducing working capital cycles and enhancing operational processes. These efforts, coupled with disciplined cost management, have laid a solid foundation for S Chand to navigate challenges and sustain profitability. Operational upgrades have helped streamline its extensive publishing operations, allowing for better resource utilisation and long-term stability.

SPMLINFRA: Buy above ₹192, stop ₹186, target ₹205-210

The company has rebounded financially by delivering improved results through better project management and operational efficiency. The company has focused on timely execution of infrastructure projects while maintaining stringent cost controls, leading to enhanced profitability and liquidity. By increasing the return on capital employed (ROCE) and improving its balance sheet health, SPMLINFRA has reaffirmed its commitment to operational.

GODREJCP: Buy above ₹1,200, stop ₹1,170 target ₹1,325-1,450

The company has consistently demonstrated financial resilience through disciplined cost optimisation and robust revenue growth across its diverse product categories. The company has streamlined its supply chain and optimised its distribution network, covering traditional, modern trade, and e-commerce channels. These operational efficiencies have allowed GODREJCP to reinvest in strategic initiatives and maintain its edge in the competitive consumer.

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Two stock recommendations by MarketSmith India:

Buy: Rainbow Children’s Medicare Ltd (current price: ₹1,160)

• Why it’s recommended: Niche focus on pediatric and perinatal care, pan-india expansion strategy
• Key metrics: P/E: 59.79, 52-week high: ₹ 1,710, volume: ₹ 10.62 crore.
• Technical analysis: Gap-up with 100-DMA retake
• Risk factors: Dependence on key specialists, geographically concentrated in South India.
• Buy at: ₹ 1,480
• Target price: ₹ 1,750 in three months
• Stop loss: ₹ 1,360

Buy: ITC Ltd (current price: ₹ 412.55)

• Why it’s recommended: Dominant position in cigarette business, paper, and packaging segment
• Key metrics: P/E: 25.14, 52-week high: ₹ 499, volume: ₹ 186.01 crore.
• Technical analysis: Possible tight-range breakout
• Risk factors: Intense FMCG competition, slow growth in the core segment
• Buy at: ₹ 412.55
• Target price: ₹ 450 in three months
• Stop loss: ₹ 397

About the authors:

Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.

Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.

MarketSmith India: Trade name: William O’Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543.

Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.”