HDFC Securities analyst Vinay Rajani has issued technical 'Buy' ratings for Orient Electric and Tata Capital, citing positive chart momentum. Orient Electric recently reported a 79.74% profit increase for the June 2026 quarter, while Tata Capital remains focused on its debt-driven lending business. These recommendations come as the Nifty index tests key support near 24,384.
HDFC Securities analyst Vinay Rajani has issued 'Buy' ratings for Orient Electric and Tata Capital, citing favorable technical setups on the daily charts. The brokerage report emphasizes that both stocks have shown positive price momentum and rising volumes, suggesting potential for short-term gains. These technical calls are being watched by market observers as the Nifty index currently tests critical support levels near 24,384, with resistance placed at 24,630.
Orient Electric is currently trading at ₹190, and the brokerage has set a target price of ₹199 with a stop-loss at ₹184. Beyond technical indicators, the company's recent fundamental performance provides context for this outlook. In the quarter ended June 2026, Orient Electric reported a strong standalone net profit growth of 79.74%. Investors looking at this stock may track whether the company can maintain these profit margins and sustain volume growth in the competitive consumer electric sector, as the stock's performance often hinges on seasonal demand and raw material costs.
Tata Capital is the second stock highlighted in the report, with a current price of ₹367. The brokerage notes that the stock has broken out of a downward trend line, supported by a rise in trading volumes. It is important for investors to note that Tata Capital is a subsidiary of Tata Sons Private Limited and operates primarily as a non-banking financial company. Its presence in the public market is often linked to its debt instruments rather than wide retail equity participation. The company recently increased its international funding activity, having successfully issued USD 400 million in senior notes due 2030 in July 2026. This move highlights the company's focus on managing capital costs through debt markets.
For investors, these recommendations are based on short-term technical indicators like the Relative Strength Index and Moving Average Convergence Divergence. While technical setups can signal immediate momentum, they do not account for long-term fundamental shifts or broader market risks. If the Nifty index fails to hold the 24,384 support level, broader market volatility could affect individual stock prices regardless of technical setups. Investors may monitor the upcoming earnings updates and management commentary for both companies to assess if the business fundamentals continue to align with these technical trends.