Bajaj Broking Research has identified Bharat Electronics and Colgate-Palmolive (India) as the top stock picks for purchase today, April 24, 2026. The brokerage has provided specific target prices and expected returns for these stocks, offering investors a clear entry strategy.
Bharat Electronics: Buy in ₹440-₹450 Range
Bajaj Broking recommends buying Bharat Electronics shares within the range of ₹440 to ₹450, with a target price of ₹495, implying an upside of approximately 11% over a six-month period. The stock is currently in a structural uptrend, characterized by higher highs and higher lows across all time frames, signaling strength and continuation of the upward trajectory.
The entire upward movement over the past eight months has been contained within a rising channel, as evident on the charts, highlighting sustained demand at elevated levels. On shorter time frames, the stock is on the verge of breaking out above a bullish flag-like formation. After a sharp rally in the first three weeks of April, the stock entered a consolidation phase over the last four sessions. It now appears to be resuming its upward move and is at the cusp of a breakout above the bullish flag pattern, indicating a continuation of the uptrend and presenting a fresh entry opportunity.
Analysts expect the stock to extend its gains and head toward the ₹495 level in the coming months. This target aligns with the 123.6% external retracement of the prior decline from ₹473 to ₹400, as well as the upper band of the eight-month rising channel.
Colgate-Palmolive (India): Buy in ₹2,120-₹2,160 Range
For Colgate-Palmolive (India), Bajaj Broking recommends buying within the ₹2,120 to ₹2,160 range, with a target price of ₹2,330, offering a 9% return over three months. The stop loss is set at ₹2,020.
The stock has generated a breakout above a bullish flag pattern, signaling a continuation of the uptrend and providing a fresh entry opportunity. Analysts expect the stock to move higher toward the ₹2,330 level in the coming months, based on the measuring implication of the bullish flag breakout. Additionally, the daily 14-period Relative Strength Index (RSI) is in buy mode, supporting the positive bias in the stock.
Disclaimer: Recommendations and views on stock markets, other asset classes, or personal finance management tips provided by experts are their own. These opinions do not represent the views of The Times of India.
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