{"id":70030,"date":"2026-08-24T18:20:08","date_gmt":"2026-08-24T12:50:08","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=70030"},"modified":"2026-08-24T18:20:10","modified_gmt":"2026-08-24T12:50:10","slug":"18-stocks-to-buy-on-august-24-stocks-in-focus-and-analyst-calls","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/18-stocks-to-buy-on-august-24-stocks-in-focus-and-analyst-calls\/","title":{"rendered":"18 Stocks to Buy on August 24: Stocks in Focus and Analyst Calls"},"content":{"rendered":"
<\/div>\n

The Indian stock market enters August 24, 2026, with investors balancing weak recent index performance against a number of stock specific triggers. The 18 stocks to buy on August 24<\/strong> covered here are based on current brokerage calls, technical setups and company specific developments, including Hindustan Zinc, Netweb Technologies, ICICI Prudential Life, Power Grid, AU Small Finance Bank, Dixon Technologies, Hyundai Motor India, Apollo Tyres, Narayana Hrudayalaya and Vishal Mega Mart. These are analyst ideas and stocks in focus, not guaranteed investment calls.<\/p>\n\n\n\n

What Is the Market Setup on August 24?<\/h2>\n\n\n\n

The Nifty 50 closed at 24,252 on August 21, extending its second consecutive weekly decline, while the Sensex ended at 77,540.83. Market sentiment remains sensitive to elevated crude prices, geopolitical developments and global bond yields. Technically, Nifty is holding the 24,000 to 24,050 support zone, while 24,350 to 24,400 remains an important resistance area.<\/p>\n\n\n\n

This backdrop suggests that stock selection may matter more than taking a broad market view. Investors are therefore watching companies where earnings, business developments, brokerage upgrades or technical structures could influence near term sentiment.<\/p>\n\n\n\n

18 Stocks to Watch on August 24<\/h2>\n\n\n\n

1. Hindustan Zinc<\/h3>\n\n\n\n

Sumeet Bagadia of Choice Broking has recommended Hindustan Zinc at around \u20b9595, with a target of \u20b9636 and a stop loss of \u20b9574. The stock has recovered above key moving averages, while its daily RSI had moved into positive territory, supporting the technical setup.<\/p>\n\n\n\n

2. Netweb Technologies<\/h3>\n\n\n\n

Netweb Technologies is another technical breakout candidate. Bagadia identified a strong uptrend supported by elevated volumes and prices above major exponential moving averages. His cited setup had a \u20b95,601 entry, \u20b96,000 target and \u20b95,400 stop loss.<\/p>\n\n\n\n

3. ICICI Prudential Life Insurance<\/h3>\n\n\n\n

ICICI Prudential Life has shown signs of a technical recovery after a period of consolidation. The stock reclaimed its 20 and 50 day exponential moving averages, with expanding volume supporting the move. Bagadia’s cited levels were \u20b9515 as the buying level, \u20b9550 target and \u20b9497 stop loss.<\/p>\n\n\n\n

4. Prime Focus<\/h3>\n\n\n\n

Prime Focus is also on Bagadia’s breakout list. The recommendation was based on a positive technical structure, with \u20b9296 as the cited buying level, \u20b9317 target and \u20b9285 stop loss.<\/p>\n\n\n\n

5. Power Grid Corporation<\/h3>\n\n\n\n

Power Grid appears in multiple technical recommendations on August 24. Vaishali Parekh of Prabhudas Lilladher cited \u20b9272.40 as the buying level, with a \u20b9287 target and \u20b9266 stop loss.<\/p>\n\n\n\n

6. Wockhardt<\/h3>\n\n\n\n

Wockhardt was another stock highlighted by Parekh. The cited setup suggested buying around \u20b91,886, with a target of \u20b91,970 and a stop loss of \u20b91,850. The call is based on technical analysis rather than a long term fundamental recommendation.<\/p>\n\n\n\n

7. Kotak Mahindra Bank<\/h3>\n\n\n\n

Kotak Mahindra Bank was also included in Parekh’s August 24 trading ideas. The cited levels were \u20b9402.80 for buying, \u20b9416 as the target and \u20b9395 as the stop loss.<\/p>\n\n\n\n

8. AU Small Finance Bank<\/h3>\n\n\n\n

AU Small Finance Bank is attracting attention from more than one analyst. Religare Broking’s Ajit Mishra recommended the stock at around \u20b91,108, with a \u20b91,170 target. Another market expert suggested a \u20b91,090 to \u20b91,108 entry range and a \u20b91,234 target.<\/p>\n\n\n\n

9. IIFL Finance<\/h3>\n\n\n\n

IIFL Finance has also featured among the day’s financial sector picks. The cited recommendation was to consider the stock between \u20b9670 and \u20b9680, with a \u20b9777 target and \u20b9634 stop loss.<\/p>\n\n\n\n

10. CDSL<\/h3>\n\n\n\n

Central Depository Services (India), or CDSL, remains another stock on the analyst radar. Religare Broking’s Ajit Mishra recommended buying around \u20b91,389, with a target of \u20b91,480 and a \u20b91,350 stop loss.<\/p>\n\n\n\n

11. S&S Power<\/h3>\n\n\n\n

S&S Power was highlighted by SEBI registered research analyst VLA Ambala. The cited buying level was around \u20b9295, with successive targets of \u20b9315, \u20b9340 and \u20b9380, alongside a \u20b9270 stop loss.<\/p>\n\n\n\n

12. RACL Geartech<\/h3>\n\n\n\n

RACL Geartech was another small cap technical idea. The recommendation suggested an entry between \u20b91,480 and \u20b91,500, with targets extending towards \u20b91,520 and \u20b91,700. A \u20b91,300 stop loss was cited.<\/p>\n\n\n\n

Stocks Backed by Fundamental Brokerage Views<\/h2>\n\n\n\n

The remaining names are attracting attention because of business developments or fundamental brokerage views rather than purely technical setups.<\/p>\n\n\n\n

13. Dixon Technologies<\/h3>\n\n\n\n

JPMorgan maintained an Overweight rating on Dixon Technologies with a \u20b916,400 target. The brokerage highlighted India’s new mobile manufacturing scheme and potential benefits from increased local sourcing, while noting that the eventual earnings benefit depends partly on export volumes and negotiations with brands.<\/p>\n\n\n\n

14. Hexaware Technologies<\/h3>\n\n\n\n

CLSA maintained an Outperform rating on Hexaware with a \u20b9730 target, pointing to the company’s strategy around AI services and new addressable markets. HSBC, however, maintained a Hold rating with a \u20b9575 target, highlighting near term business weakness. The differing views show why investors should not treat one brokerage call as a certainty.<\/p>\n\n\n\n

15. Hyundai Motor India<\/h3>\n\n\n\n

Nomura maintained its Buy rating on Hyundai Motor India with a \u20b92,498 target. The brokerage expects new launches to support volumes from the second half of FY27 and sees potential for EBITDA margins to recover towards 11% to 14%.<\/p>\n\n\n\n

16. Apollo Tyres<\/h3>\n\n\n\n

UBS upgraded Apollo Tyres to Buy from Neutral and raised its target to \u20b9590 from \u20b9580. The brokerage sees improving prospects for the India business and a better outlook for Europe, although natural rubber prices could continue to pressure margins in the near term.<\/p>\n\n\n\n

17. Narayana Hrudayalaya<\/h3>\n\n\n\n

Kotak Securities upgraded Narayana Hrudayalaya to Buy from Add and raised its target to \u20b92,350 from \u20b92,220. The brokerage pointed to continued strength in the core India hospital business and improving prospects for the company’s international insurance operations.<\/p>\n\n\n\n

18. Vishal Mega Mart<\/h3>\n\n\n\n

Vishal Mega Mart is in focus following the company’s decision to reappoint Gunender Kapur as Managing Director and CEO for another five years. Morgan Stanley maintained its Overweight rating and \u20b9146 target, viewing management continuity positively.<\/p>\n\n\n\n

What Should Investors Consider Before Buying?<\/h2>\n\n\n\n

The list covers very different businesses, from banks and insurance companies to technology, healthcare, automobiles, metals and retail. That means the reasons behind each recommendation are not interchangeable.<\/p>\n\n\n\n

Technical calls are generally designed around price patterns, momentum and defined risk levels. Fundamental calls depend more on earnings growth, valuations, industry conditions and management execution.<\/p>\n\n\n\n

Investors should therefore consider:<\/p>\n\n\n\n

    \n
  • Whether the stock fits their investment horizon<\/li>\n\n\n\n
  • Valuation compared with earnings and sector peers<\/li>\n\n\n\n
  • Recent quarterly performance<\/li>\n\n\n\n
  • Debt and cash flow position<\/li>\n\n\n\n
  • Sector specific risks<\/li>\n\n\n\n
  • Entry price and downside tolerance<\/li>\n<\/ul>\n\n\n\n

    A brokerage target should also be treated as an analyst estimate rather than a promise of future returns.<\/p>\n\n\n\n

    Risks to Watch on August 24<\/h2>\n\n\n\n

    The broader market remains vulnerable to global developments. Crude oil prices, geopolitical tensions involving Iran, US bond yields and currency movements can quickly change investor sentiment. Nifty’s 24,000 support and 24,350 to 24,400 resistance zones are therefore important technical markers for traders.<\/p>\n\n\n\n

    Stock specific risks also remain. For example, Apollo Tyres could face near term commodity cost pressure, while Hexaware has differing brokerage views regarding its AI transition and near term business momentum.<\/p>\n\n\n\n

    Conclusion<\/h2>\n\n\n\n

    The 18 stocks to buy on August 24<\/strong> include a mix of technical trading ideas and fundamentally driven brokerage recommendations. Hindustan Zinc, Netweb Technologies, ICICI Prudential Life, Power Grid, AU Small Finance Bank and CDSL feature among the technical or trading focused ideas, while Dixon Technologies, Hyundai Motor India, Apollo Tyres, Narayana Hrudayalaya and Vishal Mega Mart have attracted attention because of company specific developments and brokerage views.<\/p>\n\n\n\n

    The important point for investors is to understand why each stock is being recommended rather than simply following a list. Market conditions can change quickly, and neither technical targets nor brokerage estimates guarantee a particular outcome.<\/p>\n\n\n\n

    Frequently Asked Questions<\/h2>\n\n\n\n

    1. Which are the stocks to buy on August 24, 2026?<\/h3>\n\n\n\n

    The stocks currently highlighted by analysts and brokerages include Hindustan Zinc, Netweb Technologies, ICICI Prudential Life, Prime Focus, Power Grid, Wockhardt, Kotak Mahindra Bank, AU Small Finance Bank, IIFL Finance, CDSL, S&S Power, RACL Geartech, Dixon Technologies, Hexaware Technologies, Hyundai Motor India, Apollo Tyres, Narayana Hrudayalaya and Vishal Mega Mart.<\/p>\n\n\n\n

    2. Why is AU Small Finance Bank in focus?<\/h3>\n\n\n\n

    AU Small Finance Bank has received positive views from multiple market analysts on August 24. Religare Broking’s Ajit Mishra cited a \u20b91,170 target from around \u20b91,108, while another analyst suggested a target of \u20b91,234. These are analyst estimates based on their respective technical assessments and should not be treated as guaranteed price levels.<\/p>\n\n\n\n

    3. Which stocks have technical buy setups on August 24?<\/h3>\n\n\n\n

    Hindustan Zinc, Netweb Technologies, ICICI Prudential Life, Prime Focus, Power Grid, Wockhardt and Kotak Mahindra Bank feature among the day’s technical recommendations. These calls are based on factors such as moving averages, RSI, price patterns, support levels and momentum. Technical setups can change quickly as market prices move.<\/p>\n\n\n\n

    4. What is the target price for Hindustan Zinc?<\/h3>\n\n\n\n

    Sumeet Bagadia of Choice Broking recommended Hindustan Zinc around \u20b9595, with a target of \u20b9636 and a stop loss of \u20b9574. The recommendation was supported by a recovery above several moving averages and improving RSI momentum. The levels were based on technical analysis and are not assurances of future performance.<\/p>\n\n\n\n

    5. Why is Dixon Technologies in focus?<\/h3>\n\n\n\n

    Dixon Technologies is attracting attention following commentary around India’s mobile manufacturing scheme. JPMorgan maintained an Overweight rating with a \u20b916,400 target, while noting that the eventual earnings impact depends on factors including export volumes and negotiations with global brands.<\/p>\n\n\n\n

    6. What is the outlook for Apollo Tyres?<\/h3>\n\n\n\n

    UBS upgraded Apollo Tyres to Buy from Neutral and raised its target to \u20b9590. The brokerage expects improving conditions in the India business and a better outlook for Europe. However, it also expects near term pressure from higher natural rubber prices, showing that the investment case has both positive and negative factors.<\/p>\n\n\n\n

    7. Why is Vishal Mega Mart in the stock market news?<\/h3>\n\n\n\n

    Vishal Mega Mart is in focus after Gunender Kapur was reappointed as Managing Director and CEO for another five years. Morgan Stanley maintained its Overweight rating and \u20b9146 target, viewing the leadership continuity positively. Investors should still evaluate the company’s operating performance and valuation separately from the management announcement.<\/p>\n\n\n\n

    8. Is Hexaware Technologies a buy on August 24?<\/h3>\n\n\n\n

    Hexaware has received mixed brokerage views. CLSA maintained an Outperform rating with a \u20b9730 target, citing its AI strategy and new addressable markets, while HSBC retained a Hold rating with a \u20b9575 target and highlighted near term weakness. The differing opinions underline the importance of independent analysis before investing.<\/p>\n\n\n\n

    9. What are the key Nifty levels to watch on August 24?<\/h3>\n\n\n\n

    The Nifty 50’s immediate support zone is around 24,000 to 24,050, while 24,350 to 24,400 is an important resistance area. A sustained move above the resistance zone could strengthen the recovery setup, while a break below 24,000 could increase selling pressure.<\/p>\n\n\n\n

    10. Should investors buy these 18 stocks?<\/h3>\n\n\n\n

    Not necessarily. The 18 stocks represent analyst recommendations and stocks in focus rather than a personalised portfolio. Investors should consider their objectives, investment horizon, risk tolerance, valuation and financial position before investing. Brokerage targets and technical levels can change as new information becomes available, so they should not be treated as guaranteed return expectations.<\/p>\n\n\n\n

    Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

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