Chandan Taparia’s Top Stock Picks: BEL, Tata Power, PB Fintech, ICICI Prudential, CG Power – Rocket shares to boost your portfolio!

Chandan Taparia’s Top Stock Picks: Chandan Taparia, technical and derivatives research expert at Motilal Oswal, brings to notice a list of stocks with high potential that investors can consider to diversify their portfolios. His list of top stocks includes BEL, Tata Power, PB Fintech, ICICI Prudential, and CG Power, which represent important sectors such as defence, power, fintech, insurance, and manufacturing. These stocks demonstrate high momentum, support levels, and growth potential. Take a look.

Chandan Taparia’s Top Stock Picks: Rocket stocks to boost your portfolio!

1. The first pick is BEL, which is a defence stock held by the government. The stock has shown reduced volatility, and it has managed to find support in the range of Rs 425 to Rs 430, despite market fluctuations. I would expect a strong support level at Rs 432, with targets of Rs 460 to Rs 465, said the expert.

2. Another recommendation is Tata Power, which seems to be on the path of a turnaround. With summer soon to arrive, the power demand is expected to increase, and the power stocks will be in focus.

One should at least take a one-quarter view on Tata Power. There are forecasts of a heat wave in India, which will increase the power demand. The key power stocks that are in focus are Tata Power, Power Grid, and NTPC, which are showing early signs of moving up, with major action expected in April-May. The entry now can help one ride the seasonal wave.

For Tata Power, the support level of Rs 355 can go up to Rs 400, which shows a swing of around 10 per cent. NTPC and Power Grid are also showing consistent buying interest.

Alongside power stocks like Power Grid, Tata Power, and NTPC, the cooling segment counters Voltas and Blue Star are performing strongly.

Over the past month, both have gained more than 10 per cent, and long positions continue to appear in Voltas. These stocks remain worth keeping on your radar for potential opportunities.

4. CG Power has delivered approximately 15 per cent returns over the past month, maintaining strong relative strength. The stock’s recovery after a significant decline is noteworthy.

Over the past five to six months, its price has moved from around Rs 715 to above Rs 750, with potential targets of Rs 750-775. Fundamentals remain solid, and following 2025’s consolidation, the stock may enter a new momentum phase.

Fresh Longs: Promising stocks to watch

As far as fresh purchases are concerned, BEL has already been discussed. PB Fintech recently broke out above Rs 1,500 with good buying momentum, and open interest has increased by about 6.5 per cent.

ICICI Prudential Share is seen forming a bottom with support levels at Rs 630-635 for the last four weeks, with targets going up to Rs 680, with a critical support at Rs 642.

PB Fintech share is also giving buy signals with support at Rs 1,450 and a target of Rs 1,560.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)