Archive · 21 Aug 2026
Religare Broking Recommends Three Stocks for the Next 1-2 Weeks
India’s main stock index rose on Thursday after falling for seven sessions.
It finished at 24,232, helped by better global market signals and a stronger rupee.
Ajit Mishra of Religare Broking said investors should remain careful because markets are uncertain and crude oil prices are high.
He suggested looking for individual companies that appear stronger than the broader market.
His three short-term picks are Shriram Finance, Nippon Life India Asset Management, and The Indian Hotels Company.
Each stock has a suggested price target and a stop-loss level.
Mishra said the Nifty 50 could recover further if it moves above 24,300–24,400.
However, falling below 24,000 could bring back the market’s decline.
The Nifty 50 rose 0.64% to 24,232 on Thursday, ending a seven-session losing streak.
Ajit Mishra of Religare Broking advised caution on the index amid uncertainty and elevated crude prices.
Shriram Finance was assigned a target of ₹1,210 and a stop loss of ₹1,090.
Nippon Life India Asset Management was given a target of ₹1,340 and a stop loss of ₹1,180.
The Indian Hotels Company was assigned a target of ₹790 and a stop loss of ₹710.
- Who
- Ajit Mishra, Senior Vice President of Research at Religare Broking, recommended three stocks.
- What
- He recommended Shriram Finance, Nippon Life India Asset Management, and The Indian Hotels Company for a one- to two-week period.
- When
- The recommendations were reported after Thursday’s market session; the proposed holding period is the next one to two weeks.
- Where
- The recommendations concern India’s domestic stock market.
- Why
- Mishra cited technical strength in the three stocks, while advising caution because of market uncertainty and elevated crude prices.
Cautious Market View
Selective Stock Opportunity
Near-term market direction
Cautious Market View
Mishra said the Nifty 50 faces immediate resistance at 24,300–24,400 and could resume its corrective trend if it decisively falls below 24,000.
Selective Stock Opportunity
A move above 24,300–24,400 could improve the near-term bias and extend the recovery toward 24,600.
Investment approach
Cautious Market View
Investors were advised to maintain a cautious stance because of prevailing uncertainty and elevated crude prices, with disciplined risk and position management.
Selective Stock Opportunity
Mishra recommended focusing on relatively stronger, stock-specific opportunities, including the three shares showing favorable technical setups.
- Nifty 50 close
- 24,232 on Thursday
- Nifty 50 change
- Up 0.64%, ending a seven-session losing streak
- Nifty resistance
- 24,300–24,400; a decisive move above this zone could open the way toward 24,600
- Nifty support
- 24,000; a decisive break below it could revive the corrective trend
- Shriram Finance
- Previous close ₹1,128.20; target ₹1,210; stop loss ₹1,090
- Nippon Life India Asset Management
- Previous close ₹1,232.50; target ₹1,340; stop loss ₹1,180
- The Indian Hotels Company
- Previous close ₹735.85; target ₹790; stop loss ₹710