Market Trading Guide: Kotak Mahindra Bank among 5 stock recommendations for Thursday

Benchmarks Nifty22,603.05-173.05FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return19.96 % Invest NowEnter search text:Market Trading Guide: Kotak Mahindra Bank among 5 stock recommendations for ThursdayWritten by Akash Podishetti, ETMarkets.com|Oct 07, 2026, 09:07:28 PM IST1/6

Stock Ideas

With the RBI delivering the rate hike on expected lines, the domestic market reacted more sharply to the shift in policy stance from neutral to calibrated tightening, which signals a turn in the rate cycle. Looking ahead, analysts say the market focus will turn to the September-quarter earnings season for further direction. A resilient macroeconomic backdrop supports headline expectations, but investors will watch management commentary closely for evidence on whether the companies can absorb rising input costs, retain pricing power and sustain demand through the second half of the fiscal year.
Here are 5 stock recommendations that could offer good returns in the medium term

ETMarkets.com2/6

Black Box

Stop loss: 841
Target: 973
Black Box is breaking out from a multi-month rounding bottom base on the daily timeframe, currently quoted at a market price of 885 after clearing horizontal neckline resistance near 850. The 14-period RSI has advanced strongly into bullish territory at 66.64, holding well above its signal line (56.02) to reflect accelerating upside momentum and expanding buying pressure.
Sachin Gupta, VP – Technical Research at Choice Equity Broking

Agencies3/6

Deep Industries: Buy at 796

Stop loss: 748
Target: 890
Deep Industries is signalling a fresh breakout from a descending trend line resistance, currently trading at a market price of 796 after finding firm buying support at the 725–730 horizontal base. The 14-period RSI has advanced to 62.12, crossing above its signal line to reflect accelerating upside momentum and strong buyer accumulation. Looking at the moving averages, the stock trades well above its 20, 50, 100, and 200 EMAs, which are fanning out in a strong bullish sequence to provide robust dynamic downside support.
Sachin Gupta, VP – Technical Research at Choice Equity Broking

Agencies4/6

MRPL: Buy at 183

Stop loss: 172
Target: 205
MRPL is demonstrating strong bullish continuation on the daily timeframe, currently quoted at a market price of 183 after aggressively defending its multi-month polarity demand zone near the 162–165 band. The 14-period RSI has advanced sharply into bullish territory at 62.91, reflecting accelerating upside momentum and persistent buying accumulation.
Sachin Gupta, VP – Technical Research at Choice Equity Broking

Agencies5/6

Leela Palaces: Buy at 602-606

Stop loss: 580
Target: 650
Leela Palaces Hotels & Resorts Limited demonstrates a decisive breakout above major resistance around the 580.00 level on the daily chart, pushing to 602.45 (+3.39%). Trading comfortably above its key 20/50/100/200 EMAs with continuous higher-high price action and strong bullish volume followthrough, the setup confirms accelerated upside momentum toward 650.00.
Virat Jagad, Sr Technical Research Analyst at Bonanza

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Kotak Mahindra Bank: Buy at 440-444

Stop loss: 420
Target: 480
Kotak Mahindra Bank Limited demonstrates a decisive multi-month trendline breakout on the daily chart, pushing to 440.00 (+1.88%). Trading comfortably above its key 20/50/100/200 EMAs and clearing major horizontal resistance with strong volume expansion, the setup confirms accelerated upside momentum toward 480.
Virat Jagad, Sr Technical Research Analyst at Bonanza

Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.AgenciesRead more onstock recommendations IndiaBlack Box stockDeep Industries stockMRPL stockLeela Palaces stockKotak Mahindra Banktechnical breakout stocksRBI rate hikeSeptember quarter earningsEnter search text:BrowseCompanies:ABCDEFGHIJKLMNOPQRSTUVWXYZ123456789