Market analysts pick Tata Elxsi, Zensar, and Havells for potential gains

The Indian stock market showed sharp swings during the first half of the week, extending gains on Thursday following a steep drop on Monday. For investors navigating these Dalal Street jitters, shares of Tata Elxsi, Zensar Technologies, and Havells India stand out as notable technical picks. Bharat K Gala, Head of Technical at Ventura, expects up to 24 percent upside potential on these equities.

Stock Details

Tara Group's IT firm, Tata Elxsi, traded 1.80 percent higher at 3,686 rupees and 10 paise per share on the BSE at Thursday afternoon. The stock previously fell from 5,950 rupees in January 2026, hitting a low of 2,996 rupees in October before sparking buying interest. Meanwhile, Zensar Technologies traded 3.06 percent higher at 505 rupees and 5 paise per share, following a descending channel breakout. Consumer durables major Havells India traded 0.64 percent lower at 1,109 rupees and 90 paise per share after a correction from August 2026.

Context

Technical analysis in stock trading involves studying past price movements and trading volumes to forecast future market trends. Analysts often look for chart breakouts, such as falling wedges or descending channels, to identify potential turning points for individual company shares.