Stocks to BUY: Pick before budget; Earn later! Will these shares including Yes Bank, Bajaj Finance print big money? – market

Ajit Mishra of Religare Broking said the earnings upgrade from Infosys has led to improved risk appetite and some stability after the recent uncertainty. He said the ongoing tug-of-war around the medium-term moving average, 100 DEMA near the 25,600 zone, is keeping investors cautious.

In Monday’s trading, the market may react to the earnings of major companies like Reliance Industries, HDFC Bank and ICICI Bank. Ajit Mishra believes that Nifty remains in the consolidation zone between 25,473 and 25,900.

Which shares to buy?

ET NOW Swadesh’s market experts have shared their opinion on some stocks based on technical and strength of companies. These shares suggested by experts are from IT, infrastructure, hospitality and banking sectors.

KPIT Tech: Buying advice for one year

HCC shares: advice for recovery

Nimesh Thakar said that the overall chart structure of HCC remains weak. Experts believe that without a decisive breakout above ₹26–27, no major upside is expected. Investors have been advised to ride out any upside while holding the stock around ₹24 and shift to stocks with strong fundamentals.

Nimesh Thakar maintained a cautiously positive stance on Adani Green Energy. He said that the stock is trading near a strong support zone of around Rs 920. He said that generally, there is buying interest near such levels. If trend reversal occurs, the stock may move towards Rs 1,040. He said that Adani Green Energy is currently trading near the strong support zone of ₹920. The target for the stock has been given at Rs 1,040.

Lemon Tree Hotels: Vigilance necessary in the short term

The hospitality sector has performed well in recent years, but Lemon Tree Hotels is showing signs of weakness in the short-term. Nimesh Thakar pointed out that the stock has slipped below its 200-day moving average and may fall further to Rs 120. He suggested that even if you have a long-term view, the short-term trend is negative. It would be better to leave now and re-enter at a lower level.

Experts have advised to adopt the strategy of exiting the stock. He said that if the price comes around ₹120 then you can enter again.

Swati Hotkar, Technical Research Expert, Nirmal Bang Securities, shares her perspective on ITC Hotels. At ITC Hotels, he believes most of the correction has already been done. He said the stock may fall further to Rs 175, but from there a pullback rally towards Rs 210–220 is possible. He advised that investors should not book losses at lower levels.

Bajaj Finance

Swati Hotkar For Bajaj Finance, Hotkar is clearly bullish. He suggested that any decline towards Rs 900 should be used to average out the holdings. For now, it is advisable to hold the stock.

Yes Bank: Buy or Sell Now?

Banking stocks are also in focus ahead of the Budget, and Yes Bank has now started showing signs of upside after years of poor performance. Hotkar said that the stock has strong support around Rs 20 and there can be a good rise in it next year. He said that I believe that 2025–26 can be a good time for Yes Bank. The stock has the potential to reach the level of Rs 32–35.

As far as strategy advice on the stock is concerned, experts have advised hold. One year target is Rs 32 to Rs 35.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.