Religare's Ajit Mishra says 24,700 in sight for Nifty; bets on GAIL, HAL
Religare rate stocks including GAIL India and Hindustan Aeronautics.
· Business Standard Mkts
Stocks to buy, Nifty strategy: Ajit Mishra has said that Nifty will likely build a stronger base and inch towards 24,200 next, followed by 24,400-24,700.
The analysis
Where the names start from: GAIL India is at its 52-week high, +6.4% over three months; Hindustan Aeronautics (HAL) is 1% below its 52-week high, +9.6% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- Brokerage calls from Religare, with ratings on the stocks named. The stocks: GAIL India and Hindustan Aeronautics (HAL).
- On the day, 2 of 2 are higher: Hindustan Aeronautics (HAL) leads at +1.7% and GAIL India trails at +0.0%.
- Over three months: GAIL India +6.4% against Oil & Energy -2.4% (8.8 points ahead); Hindustan Aeronautics (HAL) +9.6% against Defence & Aerospace +0.3% (9.3 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| GAIL IndiaGAIL · Oil & Energy | ₹186.27 | +0.0% | +8.8% | +6.4% | 0.0% | 0.6× | — |
| Hindustan Aeronautics (HAL)HAL · Defence & Aerospace | ₹5,044.00 | +1.7% | +10.4% | +9.6% | -1.1% | 0.6× | — |
Oil & Energy
1M +2.6% · 3M -2.4%
GAIL India
Defence & Aerospace
1M -0.6% · 3M +0.3%
Hindustan Aeronautics (HAL)
Prices as of 5 Nov 2026, 11:34 IST. Sector moves are the average of the stocks we track in each sector.
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