Finance

Bajaj Finance, SAIL Among Top 8 Stock Picks for Monday, Analysts See Up to 13% Upside

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Market analysts have identified eight promising stocks ahead of Monday’s trading session, projecting potential short-term gains of up to 13%. Bajaj Finance and SAIL (Steel Authority of India Ltd) lead the list, with strong technical indicators pointing to near-term rallies despite broader market volatility.

The recommendations come as the Nifty index posted its second consecutive weekly decline, driven by weakness in financial, pharmaceutical, and auto sectors. However, technical experts suggest that select counters are showing resilience and are well-positioned for a rebound.

SAIL has emerged as a key pick after breaking out from a recent consolidation pattern. Analysts recommend buying around ₹136.60, with a target of ₹143 and a stop-loss at ₹132. The stock is trading above its key moving averages, indicating strength in its trend.

Bajaj Finance has shown signs of a bullish breakout from a symmetrical triangle pattern. A decisive close above ₹945 could lead to a move toward ₹1,000–₹1,020. Analysts suggest entering near ₹942 with a stop-loss at ₹905.

Other recommended stocks include:

  • Jubilant Pharmova – Buy at ₹1,235, target ₹1,330, stop-loss ₹1,194
  • Aadhar Housing Finance – Buy at ₹503, target ₹530, stop-loss ₹484
  • Zydus Wellness – Buy at ₹2,094, target ₹2,250–₹2,360, stop-loss ₹1,975
  • Inox Green – Buy at ₹163.70, target ₹180–₹185, stop-loss ₹155
  • Torrent Pharma – Buy at ₹3,521.40, target ₹3,800, stop-loss ₹3,300
  • Gujarat Pipavav Port – Technicals suggest a bullish setup (target and entry details awaited)

While broader market indicators remain mixed, analysts believe the Nifty may find support near the 24,900–25,000 zone. Resistance is expected at around 25,260. A clear move above or below these levels could determine the next market direction.

“Though the index remains under pressure, individual stock action suggests selective opportunities. Traders must stay cautious but can take advantage of technical breakouts in quality stocks,” said a senior analyst tracking Indian equities.

Investors are advised to follow strict stop-loss strategies and monitor global cues alongside domestic trends as the earnings season progresses.

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