Stocks to Watch: Bajaj Finance and ICICI Bank Among Top Picks for March 13, 2025
As the Indian stock market enters a new trading day, analysts have compiled a list of key stocks to consider for short-term investment on March 13, 2025. Noteworthy among them are Bajaj Finance and ICICI Bank, reflecting potential for gains amidst a landscape of fluctuating market conditions.
Current Market Overview
The benchmark for Indian equities, the Nifty, closed at 22,904.45, winding down with a loss of 345.65 points recently. According to analysts, the market is gearing towards consolidation while being influenced by positive global cues. Despite the current dip, market experts believe that the future could hold more stability with proper trading strategies.
The Nifty futures ended the previous session slightly lower, at 22,527, which marks a decrease of 0.17%. Additionally, the India Volatility Index (VIX) fell by 2.7%, currently resting at 13.69. In terms of options trading, a broader range between 21,800 and 22,800 is suggested, while immediate support levels are seen at 22,300 and resistance at 22,650.
Expert Recommendations
Market analysts have provided several stock recommendations based on technical analysis and market dynamics. Chandan Taparia, an analyst at Motilal Oswal Financial Services, indicated that there is a significant push at the 22,300 support level and advised that the Nifty50 must maintain trading above 22,330 to see an upward movement towards 22,650 and ultimately to 22,800.
From the financial services sector, stocks such as Bajaj Finance and ICICI Bank are receiving considerable focus. Here are some recommendations:
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Bajaj Finance
- Target Price: ₹8,750
- Stop Loss: ₹8,350
- Market uncertainties notwithstanding, Bajaj Finance is expected to rebound, making it a strong contender for short-term profit.
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ICICI Bank
- Target Price: ₹1,300
- Stop Loss: ₹1,225
- With ongoing stability in the banking sector, ICICI’s stock performance is anticipated to be robust in light of improved economic conditions.
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Narayana Hrudayalaya
- Buy | Target: ₹1,785 | Stop Loss: ₹1,513
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Kaveri Seed Company
- Buy | Target: ₹1,213 | Stop Loss: ₹1,015
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Avanti Feed
- Buy | Target: ₹985 | Stop Loss: ₹770
For further information, other companies under recommendation include Jio Financial Services and Hikal, each presenting their respective target and stop-loss projections.
Conclusion
As traders gear up for today’s session, it is crucial to weigh these expert insights against personal investment strategies and risk appetites. While the market shows signs of consolidation, the identified stocks may present viable opportunities for those attentive to market movements and analysts’ forecasts. Always ensure to do further research or consult with a financial advisor before making investment decisions.
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