Chandan Taparia's Top Stock Picks for November 2, 2026
Motilal Oswal's Chandan Taparia identifies four key stocks to buy as market sentiment improves.
Nifty 50 closed at 23,053.10, marking a 0.51% increase.
Chandan Taparia recommends Ather Energy, Divi's Laboratories, BSE, and Eternal shares.
Target prices set at Rs 1,850, Rs 10,300, Rs 3,700, and Rs 363 respectively.
On November 2, 2026, Chandan Taparia from Motilal Oswal Financial Services has identified four stocks as prime buying opportunities amid a positive shift in market sentiment. The Indian stock market is expected to open higher, buoyed by a drop in crude oil prices and diplomatic efforts to ease tensions in the US-Iran conflict. The Nifty 50 index recently closed at 23,053.10, reflecting a gain of 116.35 points or 0.51%.
The recent performance of the Nifty 50, which formed bullish candles on both daily and weekly charts, indicates a recovery from lower levels. Taparia emphasizes that the index must maintain above the 23,000 mark to target levels of 23,150 and 23,250. He notes that the support levels are positioned at 22,900 and 22,800, suggesting a cautious yet optimistic outlook for traders.
Among the recommended stocks, Ather Energy is highlighted for its strong bullish momentum, with a target price of Rs 1,850 and a stop loss at Rs 1,700. Divi's Laboratories is also on the list, with a suggested target of Rs 10,300, supported by a recent breakout above Rs 9,750. The stock's performance indicates robust buying interest, which could lead it to surpass the Rs 10,000 milestone.
BSE shares are recommended with a target of Rs 3,700, as it has shown a fresh cup-and-handle breakout, indicating sustained bullish momentum. Lastly, Eternal shares are advised for purchase with a target price of Rs 363, supported by a bullish breakout above its 52-week high. Taparia believes that the overall positive momentum in new-age companies will bolster this stock's performance.
Looking ahead, investors are advised to monitor the broader market trends as the Nifty 50 aims to hold its ground above critical support levels. With the upcoming trading sessions, the focus will be on how these stocks perform against the backdrop of fluctuating market conditions and investor sentiment.
