Analyst flags Indian Bank, DLF and Polycab India as top buys on Aug 13

In a market briefing dated August 13, 2026, Aakash K Hindocha, vice-president of research at Nuvama Professional Clients Group/Nuvama Wealth Management, recommended three equities as the day’s top picks: Indian Bank, DLF and Polycab India. For Indian Bank, he set a last-close price of Rs 897, a stop-loss at Rs 855 and a target near Rs 985, pointing to an inverse head-and-shoulder pattern breaking out of a three-month range.

DLF was suggested at Rs 661.75 with a stop-loss of Rs 630 and a target of Rs 735, based on a month-long pennant formation and low ADX indicating rising volatility. Polycab India’s entry point was Rs 9,289, stop-loss Rs 8,920 and target Rs 10,030, after a post-June correction that turned a prior resistance into support and a daily trend-line breakout. Hindocha also commented on broader market dynamics, noting that the Nifty index recovered intraday losses but must surpass the 24,575 threshold to trigger further upside, while Bank Nifty stayed above its 200-day moving average and could test levels around 58,300-58,600. The recommendations reflect the analyst’s technical assessment of both individual stocks and the major Indian indices.