The stock market showed strength at the beginning of the new Samvat 2082. During Muhurat Trading, the Sensex closed 63 points higher and the Nifty crossed 25,850. Market expert Mitesh Thakur has identified DCB Bank and Torrent Power as stocks that can give returns of up to 30% in the coming months.
Stocks to Buy: The stock market began the new Samvat 2082 on a positive note, with the Sensex closing 63 points higher and the Nifty rising above 25,850 during Muhurat Trading. Mitesh Thakur, Technical Analyst at Bonanza Portfolio, has identified DCB Bank and Torrent Power as attractive options for investors. DCB Bank has recently shown a b breakout, with a target of up to ₹200 possible, while Torrent Power could reach ₹1,370–₹1,460 in the short term and ₹1,700 in the long term.
DCB Bank: Signs of Strong Breakout
DCB Bank's long-term charts have been showing positive signs recently. According to Mitesh Thakur, the stock has given a b breakout, surpassing its recent monthly high. He stated that investors can invest in it by keeping a stop loss around ₹143–₹142. Following this, its target could be up to ₹200 in the next few months.
This trade for DCB Bank is considered a good option in terms of risk-reward. Investors can potentially gain up to ₹50 with a risk of approximately ₹12–₹13.
The company's quarterly results were released after market close on Friday. Due to better performance, DCB Bank shares surged by up to 15 percent on Monday. Subsequently, during Muhurat Trading on October 21, it again saw a gain of up to 9 percent. This clearly indicates b investor confidence in this stock in the market.
Torrent Power: Strong in Both Long-Term and Short-Term
Mitesh Thakur's second preferred stock is Torrent Power. He states that this stock looks b on long-term charts and has also caught an upside trend in the short term. He mentioned that a target of ₹1,550 can be seen for it in the medium term, while the stock could reach ₹1,700 in the long term.
In the short term, if this stock remains above ₹1,280, a rally up to ₹1,370 first, and then to ₹1,450–₹1,460, is possible. In the last seven trading sessions, Torrent Power shares have closed in the green five times. This indicates growing investor confidence in this stock in the market.
However, the stock is down 11 percent so far in 2025. Its annual performance has been weak. Despite this, experts believe that based on technical analysis and current market trends, this stock could prove attractive to investors.
Current Market Situation
The beginning of the new Samvat in the stock market was positive. Nifty and Sensex saw increases during Muhurat Trading. Investor enthusiasm remains. Additionally, some selected stocks, which include a b technical basis and better quarterly results, continue to be attractive options for investors.
Experts believe that investing cautiously in the market at this time is crucial. Stocks selected based on technical charts and past performance have the potential to give high returns to investors.
Guidance for Investors
DCB Bank and Torrent Power are among the stocks whose long-term and medium-term indicators are positive. DCB Bank may see a surge due to recent quarterly results and a breakout. Torrent Power has potential for short-term upside and long-term growth.
Investors can include these stocks in their portfolio with a stop loss. According to the current market momentum and technical indicators, these stocks can give returns of up to 30 percent in the coming months.
