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Trade Spotlight: Top Stock Picks for September 30 - Azad Engineering, Gland Pharma, Indian Hotels
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Moneycontrol•30-09-2026, 08:28
Trade Spotlight: Top Stock Picks for September 30 - Azad Engineering, Gland Pharma, Indian Hotels
- •Azad Engineering hit a new lifetime high, gaining over 7% after inaugurating new manufacturing facilities; technical analysis suggests further upside with targets at Rs 3,040 and Rs 3,150.
- •Knowledge Marine & Engineering Works saw a sharp recovery of over 10% and is approaching a key resistance level; a breakout above Rs 3,175 could lead to targets of Rs 3,300 and Rs 3,400.
- •Lloyds Metals & Energy is showing signs of a higher high and higher low formation; a breakout above Rs 1,910 could push prices towards Rs 2,000-Rs 2,040.
- •Gland Pharma broke out of a continuation pattern with strong volumes, indicating sustained buying interest and bullish momentum; target set at Rs 3,150.
- •Indian Hotels Company is expected to rebound from current levels, with Rs 690 acting as a key support; a sustained move above this could lead to a target of Rs 765. APL Apollo Tubes is forming a bullish flag pattern, suggesting a new leg of up move towards Rs 2,340 if it stays above Rs 2,120.
Key Questions Answered
Azad Engineering marked a new lifetime high of Rs 2,998 after gaining over 7 percent. This sharp move occurred following the company's inauguration of two exclusive lean manufacturing facilities in Hyderabad dedicated to GE Vernova's Gas Power business on September 28.
For Lloyds Metals and Energy, the recommended trading strategy is to buy with a target price set at Rs 2,000 and Rs 2,040, while the key stop-loss is placed at around Rs 1,833.
Gland Pharma has broken out of a continuation-pattern range supported by an open-low Marubozu candle and strong volumes. Additionally, the stock is placed above key moving averages with the RSI crossing above 60, confirming strengthening bullish momentum.
