UltraTech Cement, HPCL among 5 stocks Emkay adds to model portfolio; upside seen at 118%

Brokerage recommendations can provide short-term catalysts for individual stocks, especially in a volatile market. The broader market has seen recent declines, making stock-specific positive news more impactful.

Look for accumulation in UltraTech Cement and HPCL on dips, with a stop-loss below recent support levels, targeting Emkay's projected upside.

For Indian markets, this story mainly matters for ULTRACEMCO and the Cement, Oil & Gas 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: Added to Emkay's model portfolio with significant upside potential. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Emkay has added five stocks to its model portfolio.
• •UltraTech Cement and HPCL are among the five stocks added.
• •Emkay projects a potential upside of up to 118% for these stocks.
• •Risk flag: Broader market weakness could cap gains despite positive stock-specific news.
• •Risk flag: The other three undisclosed stocks in Emkay's portfolio are unknown, limiting full portfolio analysis.