Contrarian bets:5 stocks Ambareesh Baliga recommends with up to 78% upside amid Iran war

Despite geopolitical concerns, the broader Indian market (Sensex, Nifty) is showing resilience with a gap-up start and significant gains. This suggests a 'buy the dip' mentality or a focus on domestic fundamentals.

Look for opportunities in fundamentally strong mid-cap and small-cap Indian companies with export potential, as they may be less susceptible to domestic market volatility and benefit from global demand, while maintaining strict stop-losses.

For Indian markets, this story mainly matters for HSCL, SHAKTIPUMP and the Specialty Chemicals, Industrial Products, IT Services pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Recommended by expert Ambareesh Baliga for potential upside. Recommended by expert Ambareesh Baliga for potential upside. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Ambareesh Baliga recommends five stocks with up to 78% upside.
• •Recommendations are contrarian bets amid geopolitical tensions (Iran war).
• •Himadri Speciality Chemicals and Shakti Pumps are among the recommended stocks.
• •Recommendations are based on strong fundamentals, export potential, and market share.
• •Sagility is also mentioned as a recommended stock in related news.