Stocks to Buy Today: Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, has said that Nifty 50 will find support at 25,650 points and will face resistance at 26,000 points. Bank Nifty index is likely to move between 52,600 to 53,400 today. For today, Parekh recommends three stocks, which are Meghmani Organics Ltd, HCL Technologies Ltd and DLF Ltd.
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The stock market expert said, “Nifty 25,650 zone will be the key support, while a decisive breach above 26,000 level will once again bring conviction for further upside in the coming days. Nifty 50 spot for today will be Support is at 25,650 points, while resistance is at 26,000 points. The daily range of Bank Nifty index will be 52,600 to 53,400.
Vaishali Parekh’s shares
Meghmani Organics Ltd (MOL): Buy at Rs 104; Keep target at Rs 110 and stop loss at Rs 100.
HCL Technologies Ltd: Buy at Rs 1,812; Keep target at Rs 1,880 and stop loss at Rs 1,780.
DLF Limited (DLF): Buy at Rs 914; Target Rs 950; Don’t forget to set stop loss at Rs 890.
Shares in focus in today’s trading
Mankind: Bharat has received the necessary regulatory approvals from the Competition Commission of India to proceed with the acquisition of Serum and Vaccines. The deal was formalized in July 2024 through a share purchase agreement involving the company, serum sellers (Ansmira and Miransa, affiliates of Advent International Fund) and minority shareholders Bhaskar Iyer and Abhijit Mukherjee. This acquisition represents a significant step in Mankind Pharma’s strategy to expand its footprint in the pharma industries.
Adani Enterprises: Adani has consolidated its two subsidiaries, Adani Infrastructure and Mundra Solar Technology, into Adani New Industries, which focuses on green hydrogen production and wind turbine manufacturing. Additionally, Adani Enterprises plans to raise $1.3 billion through a share sale to institutional investors.
Suzlon Energy: The company received advisory and warning letters from both the National Stock Exchange (NSE) and BSE Limited. The warnings were related to how the company handled its disclosures about the resignation of independent director Marc Desadeliers. This incident underlines the importance of regulatory compliance and transparency in corporate governance for Suzlon.
NTPC: NTPC’s subsidiary THDC India Limited (THDCIL) has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for the development of 1,600 MW of pumped storage projects. The initiative, involving an investment of Rs 8,800 crore, aims to increase energy storage capacity and grid stability in the region.
Godrej Properties: The company has received approval from its board of directors to raise Rs 6,000 crore, pending shareholders’ approval. The funds will be used to boost the company’s growth initiatives and strengthen its presence in the real estate market.
HCL Tech: HCL Tech and Foxconn are collaborating on a semiconductor joint venture, in which Foxconn is investing up to Rs 424 crore. The partnership aims to set up a semiconductor manufacturing plant in India. The investment is part of Foxconn’s broader strategy to expand its presence in the country’s fast-growing technology sector.
Ashoka Buildcon: The company has won several contracts totaling Rs 1,264 crore. These include the award letter from the Mumbai Metropolitan Region Development Authority (MMRDA) for a Rs 474.10 crore project for the design and construction of an elevated road from Kalyan Murbad Road to Pune Link Road.
(Disclaimer: The recommendations, suggestions, views and opinions of the experts are their own and not those of . The information given here is only about the performance of the shares and is not an investment advice. Investing in the stock market is subject to risks and investment Consult your advisor first.)
