Stocks to Watch: Paytm and Swiggy Among Top Recommendations for June 2, 2025

June 2, 2025 – As the Indian stock market opens for trading today, investors are keeping a close eye on several key stocks that analysts believe have strong potential. According to a report from The Economic Times, Paytm and Swiggy are among the top five trading ideas for the day, reflecting the ongoing interest in these significant players in the fintech and food delivery sectors.

Market Overview

The Indian equity market is anticipated to consolidate with a positive bias amid mixed signals from global markets. The Nifty index, which represents a basket of large-cap stocks, closed at 24,852 on Friday, experiencing a loss of 0.36%. Despite this slight dip, market sentiment remains cautiously optimistic, bolstered by a decrease in the India VIX—a measure of market volatility— which fell over 2% to close at 16.08. Key Levels to Watch: Analysts suggest monitoring important thresholds as the Nifty operates within a broader trading range of 24,300 to 25,300. Immediate support is noted at 24,444, with resistance beginning at 24,800. ## Stock Recommendations for Short-Term Traders

In light of the current market conditions, experts have provided several stock recommendations for investors looking to capitalize on this volatility:

Paytm (One97 Communications):
- Recommendation: Buy
- Target Price: ₹985
- Stop Loss: ₹852
Swiggy (Zomato Ltd.):
- Recommendation: Buy
- Target Price: ₹366
- Stop Loss: ₹320
Bajaj Finserv:
- Recommendation: Buy
- Target Price: ₹2,060
- Stop Loss: ₹1,990
Aditya Birla Capital:
- Recommendation: Buy
- Target Price: ₹240
- Stop Loss: ₹215
DCB Bank:
- Recommendation: Buy
- Target Price: ₹155
- Stop Loss: ₹143

Technical Analysis Insights

Chandan Taparia, an analyst at Motilal Oswal Financial Services, suggests that the Nifty’s performance last week formed an inside bar pattern on both daily and weekly charts, indicating indecision and a potential narrowing of price ranges. "For bullish momentum, it is essential for the Nifty to maintain levels above 24,800, targeting 25,000 and subsequently 25,200," Taparia remarked. Conversely, should the market falter, it could see retractions toward levels of 24,600 and 24,444. ### Conclusion

As traders and investors prepare for today’s market opening, the attention on stocks like Paytm and Swiggy underscores a broader strategy centered on navigating volatility and identifying growth opportunities. With the Nifty index remaining within a defined range, the following days may reveal significant shifts based on either broader market trends or company-specific movements. Investors are encouraged to stay updated with ongoing market analyses and adjust their strategies accordingly.

This article is intended for informational purposes only. The recommendations provided do not represent the views of The Economic Times, and investors should conduct their due diligence before making investment decisions.