Top Stock Picks for Investors: Tata Motors, SRF, and Bajaj Finance
May 8, 2025 | Mumbai
The stock market today presents numerous investment opportunities, with Tata Motors, SRF, and Bajaj Finance emerging as standout choices for savvy investors. With recent technical indicators signaling potential upward trends, here’s a closer look at why these stocks should be on your radar.
Tata Motors: A Breakout Candidate
Investors looking at Tata Motors (Current Market Price: ₹682) may find a promising opportunity as the stock has recently broken out of a consolidation phase. After enduring a prolonged period of underperformance, signs of renewed buying interest have begun to surface, supported by improving trading volumes. Analysts suggest setting a stop loss at ₹661 and targeting a price of ₹713, predicting a rally in the near term.
SRF: Nearing a Consolidation Breakout
SRF Limited (Current Market Price: ₹3,050) is also positioned well for potential gains. The stock is on the brink of a consolidation breakout, previously supported by robust trading volumes that have strengthened price movements. The 50-Day Exponential Moving Average (DEMA) has proven to be a solid support level on recent declines, indicating a continued buying interest. Suggested investment strategy includes a stop loss of ₹2,950, aiming for a target price of ₹3,250. ### Bajaj Finance: Resuming an Uptrend
Bajaj Finance (Current Market Price: ₹8,986) has been on an upward trajectory, characterized by a ‘higher top higher bottom’ pattern that reflects an ongoing uptrend. Despite a recent pullback, the stock has formed a ‘Bullish Engulfing’ pattern near its 50 DEMA support, signaling a robust potential for the stock to resume its upward movement. Investors are advised to keep a stop loss at ₹8,710, with a target of ₹9,400. ### Expert Insights
Ruchit Jain, Head of Equity Technical Research at Motilal Oswal Financial Services, emphasizes that both Tata Motors and SRF exhibit strong technical indicators and momentum, while Bajaj Finance continues to show resilience in its market performance. These stocks represent attractive prospects for both short-term and long-term investors looking to enhance their portfolios.
Conclusion
As the stock market remains dynamic, investors should monitor these recommended stocks closely. With favorable technical setups and a positive market outlook, Tata Motors, SRF, and Bajaj Finance could pave the way for potential gains, making them worthy of consideration in today’s trading environment.
Disclaimer: The views expressed in this article are those of Ruchit Jain and do not constitute investment advice. Investors are encouraged to conduct their research before making investment decisions.