Prabhudas Lilladher recommended Accumulate rating on Elgi Equipments with a target price of Rs 559 in its research report dated August 13, 2025.
The market needs a close above short-term moving averages for an upward journey; until then, consolidation may continue. Below are some short-term trading ideas to consider.
Stocks to Watch, 9 July: Stocks like Gujarat Pipavav Port, 5paisa Capital, Tata Steel, Tata Motors, Synergy Green Industries, Puravankara, Dixon Technologies, Zee Entertainment Enterprises, Ola Electric Mobility, Bajel Projects, Computer Age Management Services , and India Shelter Finance Corporation will be in focus on July 9.
Prabhudas Lilladher is bullish on Elgi Equipments has recommended buy rating on the stock with a target price of Rs 545 in its research report dated March 03, 2025.
Prabhudas Lilladher recommended accumulate rating on Elgi Equipments with a target price of Rs 608 in its research report dated February 12, 2025.
NCC hit multi-year highs and formed strong bullish candlestick pattern on the daily scale with healthy volumes. The stock has seen a breakout of small consolidation as well as upward sloping resistance trendline adjoining highs of June 5 and July 6, which is a positive sign.
Elgi Equipments has increased its revenue target under its strategic business plan based on double-digit growth in FY23 and favourable growth outlook in this fiscal.
Elgi Equipments has formed robust bullish candlestick pattern on the daily scale with significantly higher volumes. In fact, the stock has seen not only downward sloping resistance trendline breakout but also Mother candle breakout on the daily charts.