Market is going through a downward swing in Thursday’s trading session. In this weak market, Zee Business Managing Editor Anil Singhvi has identified four stocks that he believes are well placed for short-term upside, supported by strong fundamentals and policy momentum. His preferred picks for the day include REC, PFC, BPCL, and APL Apollo — spanning power finance, oil marketing, and manufacturing.
REC Futures share price target
For REC Futures, Singhvi recommended a buy with targets placed at Rs 395, Rs 400, and Rs 404, while maintaining a stoploss at Rs 378.
The company’s management recently reiterated its 11–12 per cent loan growth guidance for FY26, signalling steady business visibility. Although growth was softer in the last quarter due to early repayments worth Rs 49,000 crore, the pace is expected to pick up.
A proposed restructuring plan for loss-making DISCOMs could also act as a key trigger for both REC and PFC, given their large exposure to the power sector. REC’s loan book has already crossed Rs 5.82 lakh crore, and the company aims to double that by 2030 — implying a growth rate of roughly 13 per cent CAGR.
PFC Futures share price target
For Power Finance Corporation (PFC), Singhvi suggested a buy with price targets at Rs 418, Rs 422, and Rs 426, keeping a stoploss at Rs 404.
He noted that the overall tone for the power sector remains upbeat, supported by government-led reforms in power distribution and fresh capex plans.
Like REC, PFC also finances power projects and is expected to benefit from the government’s push for infrastructure-led growth. The stock, according to Singhvi, continues to show strength on the charts and may see further traction in the near term.
Among oil marketing firms, Singhvi favoured BPCL for buying with near-term targets of Rs 354, Rs 358, and Rs 364, and a stoploss at Rs 343.
He said the stability in global crude oil prices around USD 84 a barrel has helped maintain solid marketing margins. With the festive season underway and demand remaining firm, BPCL’s operating performance is likely to stay healthy.
Strong refining spreads and better inventory management have further strengthened the outlook for the company’s profitability, Singhvi added.
APL Apollo share price target
The final stock on Singhvi’s buy list is APL Apollo, which has delivered one of its best quarterly results.
The metal pipes manufacturer reported a sharp rise in consolidated profit — from Rs 54 crore to Rs 301 crore — alongside a jump in revenue to Rs 5,206 crore from Rs 4,774 crore a year ago.
Operating profit surged to Rs 447 crore, with margins improving to 8.6 per cent from 2.9 per cent earlier.
The company’s guidance for the coming quarters remains upbeat, supported by robust demand from infrastructure and housing segments. Singhvi advised buying APL Apollo Futures with targets of Rs 1,830, Rs 1,845, and Rs 1,855, and a stoploss at Rs 1,790.