The Market Update
On Tuesday, the stock market experienced a significant boom, with the Nifty index climbing over 200 points to reach 23,550. However, there is a sense of caution as traders anticipate selling pressure tomorrow. Let’s explore the sectors and stocks that could yield profits in today’s market.
Today’s Big Stocks
Here are some key stocks that are expected to be in action throughout the day:
Focus on Focus Mother
Following a drop in tariffs due to war-related news, there may be considerable short covering today. The stock shows a strong technical outlook with a 100-week moving average (WMA). Its current P/E ratio is 24.28, while the five-year average is 30.9, indicating potential value. The industry P/E stands at 26.64. Over three years, the company has seen a sales CAGR of 17.57% and a profit CAGR of 32.41%. Notably, promoters, FIIs, and DIIs hold a substantial 90.97% stake in the company.
Bajaj Finance in Focus
Bajaj Finance has shown a positive trend over the past two weeks, making it one of the strongest stocks in the Nifty. Its F&O segment is also performing well, and the stock is on the verge of entering the five-digit range. Despite a weak market, it has reached new peaks, with a P/E ratio of 32.68 and a five-year average P/E of 43.97. The P/B ratio is 5.73, with a five-year average of 6.95.
IndusInd Bank in Focus
Analysts suggest that IndusInd Bank could benefit significantly if interest rates are cut. The stock has been on a bullish trend, with its 20-day and 50-day moving averages recently crossing. The current P/E is at 10.88, compared to a five-year average of 13.55, which indicates room for growth.
Maruti in Focus
Maruti has maintained a positive outlook over the past month, with strong sales figures reported, especially in January. The stock has shown a clear indication of growth, having crossed the 200-day moving average on the chart. Promoters and institutional investors hold 95.92% of the shares.
Eicher Motors
Eicher Motors is currently experiencing great momentum, having broken out from a 10-month consolidation zone. The stock has crossed a rising channel that has been in place for over seven years. Even in a challenging market, it has reached new peaks, with significant delivery volume observed recently. There has been a short covering and long buildup in futures over the past five days.
M&M in Focus
Mahindra & Mahindra (M&M) is also showing positive momentum. The stock has reached new peak levels, supported by a solid purchase trend and the 200-day moving average. There has been a notable increase in delivery volumes, and the stock has seen long buildups for three consecutive days.
Looking Ahead
The next big trigger for the market will be the RBI’s monetary policy announcement. Investors are keen to see how this will influence strategies for the index today.
The market saw a boom on Tuesday with Nifty climbing more than 200 points to 23550.
RBI Monetary Policy expected to impact market strategy today.
