Market Trading Guide: Deepa Jewellers among 2 stock recommendations for Friday
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Deepa Jewellers is among two stock recommendations for Friday as the domestic market continues its sharp sell-off.
- ✓Analysts suggest buying Deepa Jewellers at 232-234 with a target of 250.
- ✓Brooks Laboratories is also recommended for purchase.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Domestic market continued on its sharp sell-off mode as the ripple effects of hawkish RBI policy weighed on rate-sensitive sectors, effectively resetting near-term valuation multiples. This headwind was further amplified by persistent FII outflows, harder bond yields, and a depreciating rupee. Looking ahead, analysts say the market focus shifts to the Q2 earnings season, where management commentary on demand sustainability and input cost absorption will provide critical near-term direction.
Here are 2 stock recommendations that could offer good returns in the medium term
Brooks Laboratories: Buy at 70.5-71 | Stop loss: 60 | Target: 90
Brooks Laboratories demonstrates a decisive breakout from a downward slanting channel pattern on the 1-hour chart, pushing to 70.53 (+0.00%). Trading comfortably above its key hourly 20/50/100/200 EMAs with expanding volume and a bullish RSI crossover past signal lines into strong territory, the setup confirms accelerated upside momentum toward 90.
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The Economic Times
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