Short covering fuels April rally, stock-specific action to continue in May

May 4, 2026

Analysts are identifying stock-specific opportunities for May following April’s short-covering rally. Bullish bets include Sun Pharma, Adani Ports, ONGC, Sona BLW, Bharti Airtel, ITC, and Kotak Mahindra Bank, with specific price targets and stop-losses. Conversely, Tata Motors Passenger Vehicles shows bearish sentiment with a potential downside target.

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