Now Reading: Top stocks to buy in the present day: Stock recommendations for April 25, 2025 – Lemon Treel Hotels & Electrosteel Castings
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Top stocks to buy in the present day: Stock recommendations for April 25, 2025 – Lemon Treel Hotels & Electrosteel Castings
Top stocks to buy in the present day: Stock recommendations for April 25, 2025 – Lemon Treel Hotels & Electrosteel Castings
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Stock market recommendations: According to Bajaj Broking Research, Lemon Treel Hotels and Electrosteel Castings are the highest inventory picks for in the present day. Here’s its view on Nifty, Bank Nifty and the highest inventory picks for April 25, 2025:
Index View: NIFTY
Benchmark indices traded in a spread with corrective bias on the Monthly expiry session on Thursday after surging almost 9% over the previous seven classes, fueled by a mixture of constructive elements. Heavyweight inventory shopping for, a weakening U.S. greenback, and declining crude oil costs boosted total investor sentiment. The rally gained additional traction with progress in commerce talks with the U.S. and the extension of reciprocal tariff exemptions.Banking stocks have been on the forefront of the beneficial properties as Bank Nifty rallied to a recent all time excessive, lifted by easing of CPI information and an encouraging monsoon forecast—each of which strengthened expectations of a extra aggressive price-chopping cycle by the Reserve Bank of India.
Nifty in the course of the present week prolonged up transfer and shaped a recent excessive for CY25 at 24,359. The index closed the Thursday session at 24,246 ranges.
Index developments stay firmly constructive, we anticipate the index to keep a constructive bias and head in direction of 24,550 being the 61.8% retracement of your entire decline (26277-21743) after which in direction of the December 2024 excessive of 24,850 within the upcoming weeks. Only a breach beneath Wednesday low (24120) will sign a pause within the present up development.
The each day stochastic is positioned at an overbought territory after a pointy 1,900-level rally up to now 8 classes. Hence, some consolidation at larger ranges can’t be dominated out. A breach beneath Wednesday’s low (24,120) can lead to some consolidation within the vary of 24,350-23,800.
We revise the assist base larger in direction of 23,800 ranges, being the Monday’s hole space and the current breakout space. Index sustaining above the identical will preserve the brief-time period bias constructive and dips must be considered as shopping for alternatives. Stock particular motion will proceed to stay underneath focus as we progress by means of the This autumn earnings season.
NIFTY BANK
- Bank Nifty after a robust rally of 5,800 factors or 11% in simply seven classes, witnessed marginal revenue reserving within the final two classes. The current rally was led by sturdy institutional accumulation in frontline banking counters and a notable revival in FII inflows—reflecting a transparent threat-on undertone. Rate minimize hopes and constructive outcomes of the massive cap non-public Banks boosted sentiment. The Reserve Bank of India (RBI) has issued the ultimate tips on the Liquidity Coverage Ratio (LCR), considerably easing norms and offering a considerable enhance to system-huge liquidity thus serving to to enhance sentiments for the monetary corporations.
- Bank Nifty has rallied to a recent all time excessive and has generated a breakout above 7 months broader vary (54,450-48,000). It has additionally registered a quicker retracement of the 5-month correction in simply two months, signaling renewed energy.
- Daily stochastic has approached overbought territory after an 11% rally in simply 7 classes. Hence, failure to transfer above 56,000 ranges will lead to some consolidation within the vary of 54,400-56,000 within the coming classes. The instant assist base is positioned at 54,000-54,400 ranges, being the Monday’s hole space and the current main breakout space.
- While a breakout above 56,000 ranges will open upwards in direction of 56,800 zones within the coming weeks. Additionally, the Bank Nifty/Nifty ratio chart has damaged out of a consolidation vary, suggesting continued relative outperformance within the medium time period.
Stock Recommendations:
Lemon Tree Hotels
Buy within the vary of Rs 143-146
The inventory has generated a breakout above a falling provide line becoming a member of highs of January and February 2025 signaling resumption of up transfer and gives recent entry alternative. The inventory can also be sustaining above the short- and lengthy-time period transferring averages
We anticipate the inventory to keep constructive bias and head in direction of 162 ranges within the medium time period being the earlier main excessive of January 2025.
Electrosteel Castings
Buy within the vary of Rs 108.00-111.00
The share worth of Electrosteel Castings has generated a breakout above the final 2 months vary (108-88) signaling reversal of the corrective development and likewise closed above the 50 days EMA.
The each day 14 interval RSI is in uptrend thus helps the constructive bias. We anticipate the inventory to head in direction of 128 ranges within the medium time period being measuring implication of the final 2 months vary breakout (108-88).
Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t mirror the views of The Times of India. Always seek the advice of with a certified funding advisor or monetary planner earlier than making any funding selections.
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