Stocks to buy: Ankush Bajaj recommends three stocks for today—3 January 2025
Subscribe to enjoy similar stories. The Indian stock market ended on a positive note, driven by gains in the auto, IT, and consumption sectors. The Nifty 50 closed at 24,188.65, and the BSE Sensex climbed 1.83% to settle at 79,943.71, while the Nifty Media sector lagged behind, closing in the red.
Top performers included Eicher Motors (+8.65%), Bajaj Finserv (+7.88%), Bajaj Finance (+6.32%), and Maruti (+5.65%), with Sun Pharma (-0.63%) and Britannia (-0.14%) leading the losses. The Nifty's breakout above the 24,000 mark signals the start of a potential new market trend, supported by its position above the 20-day moving average (24,013.25). Similarly, Bank Nifty closed above its 100-day moving average of 51,590.15, ending at 51,605, further strengthening the bullish outlook.
Voltas Ltd: Buy at ₹1835; Target ₹1885-1910; Stop Loss ₹1760. The stock has breached the critical level of 1810 with strong trading volume, signaling the potential for a significant uptrend. Aurobindo Pharma Ltd: Buy at ₹1348; Target ₹1405-1426; Stop Loss ₹1320.
With the recent bullish momentum in the pharma sector, this stock stands out as a promising buy opportunity. Laurus Labs Ltd: Buy at ₹617; Target ₹645-665; Stop Loss ₹584. The stock has broken its recent high on the charts, presenting a strong opportunity for a bullish trade.
Has the market finally bottomed? Time to pounce? Weak rupee dented dollar returns for already wary foreign investors in 2024 Should you be wary of metal stocks in 2025? 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
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