Kotak Mahindra Bank and Four Other Stocks to Watch This Thursday

Following the Reserve Bank of India's recent decision to raise interest rates and shift its monetary policy stance from neutral to calibrated tightening, the Indian stock market has experienced notable movement. The change in policy signals the possible start of a new interest rate cycle, prompting investors to look closely at corporate earnings for clues on future market directions.

Market analysts emphasize that the upcoming September-quarter results will be critical in shaping investor sentiment. While the overall economic environment remains resilient, the key question is whether companies can manage rising input costs without sacrificing demand or pricing power during the second half of the fiscal year.

Within this context, several stocks have attracted attention due to their technical setups and growth potential. Here are five stocks highlighted by expert technical analysts as having promising medium-term upside prospects.

1. Black Box

Black Box is currently trading around 885 and has recently broken out of a multi-month rounding bottom pattern, clearing a significant resistance level near 850. The 14-period Relative Strength Index (RSI) reading stands at 66.64, indicating strong momentum and increasing buying interest. These factors suggest the stock may continue its upward trajectory, with a target price set at 973. A stop loss is recommended at 841 to manage risk.

2. Deep Industries

Deep Industries has shown a fresh breakout from a descending trend line, now trading at approximately 796. The stock has found solid support around 725-730 and maintains an RSI of 62.12, crossing above its signal line, which signals growing bullish momentum. It is trading above its key moving averages (20, 50, 100, and 200-day EMAs), forming a bullish sequence that provides dynamic support. Analysts have set a target of 890 with a stop loss at 748.

3. MRPL

Mangalore Refinery and Petrochemicals Limited (MRPL) is displaying strong bullish trends, currently priced near 183 after defending a critical support zone between 162 and 165. The RSI of 62.91 reflects accelerating buying pressure. This positive momentum is expected to continue, with a target price of 205 and a stop loss recommended at 172.

4. Leela Palaces Hotels & Resorts Limited

Leela Palaces has decisively broken past a major resistance level of 580, trading recently around 602.45. The stock is comfortably above its 20, 50, 100, and 200-day EMAs and showing continuous higher highs with strong volumes, indicating robust bullish sentiment. The target price is placed at 650, with a stop loss at 580 to protect against downside risk.

5. Kotak Mahindra Bank

Kotak Mahindra Bank stands out with a clear breakout from a multi-month trendline, recently hitting 440. The stock is trading above all key moving averages and has surpassed major horizontal resistance with expanding volume, confirming strong upward momentum. The medium-term target for the stock is 480, while a stop loss is advised at 420.

These recommendations come from respected technical analysts Sachin Gupta of Choice Equity Broking and Virat Jagad of Bonanza, offering investors insights based on detailed chart studies and momentum indicators.

It is important to note that the article was authored by Podishetti Akash, who is not a SEBI-registered research analyst or investment adviser. Neither the author nor his relatives hold any financial interest in these companies as of the publication date. The views and recommendations presented are those of the respective SEBI-registered analysts cited and have been shared here with proper attribution. Investors should review original research reports and consider their individual circumstances before making investment decisions.

The Indian stock market remains sensitive to macroeconomic developments and corporate earnings trends. As the RBI embarks on a calibrated tightening path, monitoring how companies adapt to cost pressures and maintain growth will be key themes for investors. These five stocks offer potential opportunities for those seeking to benefit from technical momentum and sector-specific strengths in the medium term.