Raja Venkatraman recommended Federal Bank and CPPLUS stocks for 12 October. Indian equities navigated a volatile week from 5 to 9 October, with Sensex climbing 806 points on 9 October. Analysts suggest buying Federal Bank above 331 and CPPLUS above 4190, as both stocks showed signs of a potential rebound.

Stock market recap: Indian equities navigated a volatile week from 5 to 9 October, marked by alternating bouts of selling pressure and sharp recoveries. On 9 October, benchmarks staged a broad recovery, reversing most of Thursday’s losses. Short-covering in banking and IT stocks drove the advance, with Sensex climbing 806 points (1.13%) to 72,399.32 and Nifty surging 261 points (1.18%) to 22,493.15.

Why it’s recommended: Federal Bank Limited (FEDERALBNK) is a major Indian private sector commercial bank blending extensive technological adoption with physical customer service. Since August the stock is on a declining mode and after correcting by nearly 10% the stock has reached some important support region around 320. The revival seen from lower levels has been encouraging. A strong thrust always attract some buying interest and support from Relative Strength Index(RSI) could help the prices rebound. Go long.

Key metrics:

P/E Ratio : 18.30,

52-week high: ₹364.95

Volume: 5.25M

Technical analysis: Support at ₹310, resistance at ₹375.

Risk factors: High short-term volatility in the share price, international LPG and crude price fluctuations, and potential regulatory or import duty changes.

Buy: above ₹331.

Stop loss: ₹315.

Target price: ₹365 (2 Months)

CPPLUS (Cmp 4185.20)

Why it’s recommended: CP PLUS is India's leading video security and surveillance brand owned and operated by Aditya Infotech Limited. There has been steady rounding pattern formation at the Kumo clouds and facing resistance on every rise. This counter has been in a steady downtrend. The recent decline seen in this counter into the Kumo cloud has found some strong demand to the downside. With the Relative Strength Index (RSI) not giving up we can expect the upward drive to continue.

Key metrics:

P/E Ratio: 113.96,

52-week high: ₹4188.50,

Volume: 887.68K.

Technical analysis: Support at ₹800, resistance at ₹915.

Risk factors: Supplier Concentration and Import Dependency.

Buy: above ₹4190

Stop loss: ₹3980

Target price: ₹4510 (2 Months)

ABDL (Cmp 711.55)

Why it’s recommended: Allied Blenders & Distillers Ltd. (ABDL) is one of India's leading alcoholic beverage and spirits companies. There has been steady rounding pattern formation at the Kumo clouds and facing resistance on every rise. This counter has been in a steady downtrend. Post the recent decline seen in this counter into the Kumo cloud has found some strong demand to the downside. With the Relative Strength Index (RSI) not giving up, we can expect the upward drive to continue.

Key metrics:

P/E Ratio : 71.86,

52-week low: ₹658,

Volume: 1.08M.

Technical analysis: Support at ₹800, resistance at ₹915.

Risk factors: State-Controlled Pricing & Taxation and input cost pressure.

Buy : above ₹715

Stop loss: ₹675

Target price: ₹785 (2 Months)

Stock Market Recap

Indian equities navigated a volatile week from 5 to 9 October 2026, marked by alternating bouts of selling pressure and sharp recoveries. The Nifty 50 and Sensex struggled early in the week, extending their losing streak as global headwinds, persistent FII outflows, and weakness in metals and pharma weighed on sentiment.