The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) announced a highly significant decision on April 8. Once again, the repo rate has remained unchanged. While keeping the repo rate steady, the RBI clarified that the ongoing conflict in the Middle East had indeed posed challenges to both growth and inflation rates. The war-like conditions had created an atmosphere of global instability.

However, the RBI firmly believes that the fundamentals of the Indian economy remain exceptionally strong. This is why external economic shocks from the global arena are expected to have a significantly lesser impact on India compared to the past. Amidst the stable repo rate and a resurgence of positive sentiment in the market, there are strong indications of an upward trend in certain specific stocks. Citing market experts, a list of five such stocks has been released that could potentially offer investors excellent returns.

**Top Picks by Rajesh Palviya, Senior Vice President (Research) at Axis Securities**

**Federal Bank:** The Current Market Price (CMP) of this stock stands at ₹275. On technical charts, the stock is exhibiting a strong uptrend. It recently breached its key resistance level of ₹273. The stock can be bought with a target price of ₹295. For risk management, it is advisable to set a stop-loss at ₹266.

**Godrej Properties:** Trading at a current price of ₹1,605, this stock appears highly attractive. It has broken through its downward trendline, accompanied by heavy trading volumes—a clear bullish signal. The target price for this stock is set at ₹1,800. For this investment, maintain a stop-loss at ₹1,500.

**Poonawalla Fincorp:** Currently trading at ₹405, this stock is clearly displaying signs of a trend reversal. It continues to trade above its 20-day Simple Moving Average (SMA). Investors may consider adding this stock to their portfolios with a target price of ₹440. The stop-loss for this position is set at ₹385.

Advice from Vidyanayan Sawant, Head of Research at GEPL Capital:
State Bank of India (SBI): Shares of the country's largest bank are currently trading at ₹1,030. The stock has completed its typical 15–22% decline (correction) and is now poised for an upward move. Buy this stock with a target price of ₹1,102 and place a stop-loss at ₹991.

Bank of Maharashtra: Trading at ₹66.54, this stock appears quite robust on long-term charts. Levels that previously acted as resistance have now transformed into strong support. One can invest in this stock with a target price of ₹72. To mitigate risk, set a stop-loss at ₹64.

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