On Monday, Nifty 50 rose 0.64% to close near 24,722, snapping a two-day losing streak as investor sentiment improved amid hopes of a U.S. Fed rate cut following weak July jobs data. Metal and Auto stocks led the gains, with Hero MotoCorp and TVS Motor rallying after posting strong results.
However, IT stocks witnessed a pullback rally despite concerns over U.S.-India trade tensions and the global revenue outlook. Broader market indices saw modest gains, though sectoral breadth was mixed.
Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader:
Taj GVK Hotels & Resorts (current market price: ₹432.20)
- Why it’s recommended: Taj GVK Hotels & Resorts, TAJGVK, is a company that owns, operates, and manages hotels, palaces, and resorts under the Taj brand. Strong demand recovery in this stock from lower levels and the rebound from demand zones supports price stability and growth potential. With prices reviving from lower levels backed by best quarterly performance have induced volumes picking up and thus leading to we can expect the momentum to continue.
- Key metrics: P/E: 22.90, 52-week high: ₹528.10, volume: 592.81K.
- Technical analysis: Support at ₹390, resistance at ₹550.
- Risk factors: Dependence on trends in hospitality sector and travel trends affect the price volatility.
- Buy at: CMP and dips to ₹415.
- Target price: ₹475-495 in 1 month.
- Stop loss: ₹405.
Tata Investment Corp (current market price: ₹6,976)
- Why it’s recommended: Strong decline into the TS & KS region led to some rounding pattern formation has led to some upward bias. Also Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in coming sessions. The daily charts indicate that the volume-based rise seen in the last few sessions augurs well for the prices.
- Key metrics: P/E: 124.93, 52-week high: ₹8074.25, volume: 246.28K.
- Technical analysis: Support at ₹6,500, resistance at ₹7,900.
- Risk factors: Declining revenue and profits, as well as a decrease in operating profit margin.
- Buy at: CMP and dips to ₹6,800.
- Target price: ₹7,400-7,650 in 1 months.
- Stop loss: ₹6,750.
TVS Motor Co (current market price: ₹2,942.20)
- Why it’s recommended: Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent growth in revenue. A healthy Q1 in FY 2025-26 has now prompted a possibility of further upside. Steady higher lows in last few days with a thrust above value area resistance around 2910 suggests more upside possibility.
- Key metrics: P/E: 48.01, 52-week high: ₹2,960.30, Volume: 1.94M.
- Technical analysis: Support at ₹2,750, resistance at ₹3,300.
- Risk factors: Competition in the auto industry, and regulatory issues.
- Buy at: CMP and dips to ₹2,870.
- Target price: ₹3,125-3,185 in 1 month.
- Stop loss: ₹2,840.
Two stock recommendations by MarketSmith India:
Buy: Solar Industries India Ltd.(current price: ₹14,366)
- Why it’s recommended: Market leadership with diversified global reach, defence contracts and strategic missile success, high EPS growth and profit margins
- Key metrics: P/E: 97.43, 52-week high: ₹ 17,820, volume: ₹209.71 crore
- Technical analysis: Reclaimed 100-DMA
- Risk factors: Raw material price volatility, regulatory & infrastructure risks in renewable sector, ESG concerns, and industry-specific operational risks
- Buy: ₹ 14,222–14,510
- Target price: ₹ 16,200 in two to three months
- Stop loss: ₹ 13,600
Buy: Vijaya Diagnostic Centre Ltd (current price: ₹1,086)
- Why it’s recommended: Expanding hub‑and‑spoke network, high B2C stickiness,
- Key metrics: P/E: 73.33; 52-week high: ₹1,280; volume: ₹ 30.89 crore
- Technical analysis: Downward sloping trendline breakout
- Risk factors: High geographical concentration, intense competition
- Buy at: ₹1,060–1,090
- Target price: ₹1,280 in two to three months
- Stop loss: ₹ 999
Top three stocks to buy—recommended by Ankush Bajaj for 5 August
Buy: Kaynes Technology India Ltd. (KAYNES) —Current Price: ₹6,297
- Why it’s recommended: Kaynes Technology is displaying strong bullish momentum on both daily and intraday charts. The Relative Strength Index (RSI) is at 62, reflecting strengthening momentum. MACD is positive at 38, and ADX at 21.50 confirms a trending move. On the 15-minute chart, a bullish triangle breakout is evident, suggesting a continuation of the upward trend.
- Key metrics:Resistance level: ₹6,440 (short-term target)
- Support level: ₹6,228 (pattern invalidation level)
- Pattern: Bullish triangle breakout on the 15-min chart.
- RSI: 62 on daily chart, indicating positive strength
- Technical analysis: The alignment of bullish indicators across timeframes and a clean triangle breakout enhances conviction. With momentum building, a move toward ₹6,440 looks likely if the price holds above the breakout point with volume support.
- Risk factors: A failure to sustain above ₹6,228 would invalidate the bullish setup. Absence of volume follow-through could dampen the move.
- Buy at: ₹6,297
Target price: ₹6,440
Stop loss: ₹6,228
- Buy: TVS Motor Company Ltd. (TVSMOTOR) —Current Price: ₹2,942
- Why it’s recommended: TVS Motor is trading near a crucial resistance zone around ₹2,954 and is poised for a breakout. The RSI is at 65, MACD at 6, and ADX at 15 — all indicating strengthening bullish momentum. A breakout above this resistance could trigger a swift up-move.
- Key metrics:Resistance level: ₹3,030 (short-term target)
- Support level: ₹2,882 (pattern invalidation level)
- Pattern: Consolidation near key resistance zone
- RSI: 65 on daily chart, showing bullish strength
- Technical analysis: The stock is showing rising momentum with a favorable indicator setup. A breakout above ₹2,954, supported by volume, would confirm bullish continuation and likely push it toward ₹3,030.
- Risk factors: A reversal below ₹2,882 would invalidate the bullish outlook. Watch for volume to confirm breakout.
- Buy at: ₹2,942
- Target price: ₹3,030
- Stop loss: ₹2,882
Buy: Hitachi Energy India Ltd. (POWERINDIA) —Current Price: ₹21,200
- Why it’s recommended: Hitachi Energy is showing sustained bullish strength with RSI at 62, MACD at 466, and ADX at 18 on the daily chart. The stock is trading above all major moving averages, indicating a strong uptrend.
- Key metrics:Resistance level: ₹21,725 (short-term target)
- Support level: ₹20,940 (pattern invalidation level)
- Pattern: Sustained uptrend above key moving averages
- RSI: 62 on daily chart, reflecting bullish momentum
- Technical analysis: With price action firmly above moving averages and key momentum indicators aligned, the stock looks set to test ₹21,725. A continuation of volume participation will be key for further upside.
- Risk factors: A drop below ₹20,940 would negate the bullish structure. Lack of momentum could stall the move.
- Buy at: ₹21,200
- Target price: ₹21,725
- Stop loss: ₹20,940
MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O’Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543
Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.
Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.
Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
