



Stocks to buy: Raja Venkatraman recommends top picks for 29 January
Subscribe to enjoy similar stories. Market sentiment remained indecisive on Wednesday as persistent volatility prevented any clear directional breakout. With the broader outlook still shadowed by uncertainty, investors should adopt a cautious, data-driven approach rather than chasing momentum in this unforgiving trend.
Buy above ₹167, stop ₹160, target ₹179 (multiday) Buy above ₹3910, stop ₹3800, target ₹4125 (multiday) Buy above ₹2091, stop ₹2830, target ₹2250 (multiday) Why it’s recommended: APL Apollo Tubes (APAT) reported a healthy operating performance in 3QFY26. Post a recent decline the TS & KS supports have managed to fuel some upside and the encouraging newsflow has added more cheer to the prices. The ADX and DMI is now giving us some strong trended action.
The volume surge seen is now hinting at some potential upward traction. The charts suggest that we are witnessing some robust action and inviting us for a buying participation. Key metrics: P/E Ratio: 78.75 52-week low: ₹1521.20 Volume: 836.45K Technical analysis: Support at ₹1600, resistance at ₹1750 Risk factors: financial disclosures, high working capital, regulatory scrutiny, and sector-specific dependencies Sell: below ₹1660 Stop loss: ₹1680 Target price: ₹1625 Indian equity markets extended their upward momentum on 28 January, buoyed by optimism surrounding the India-European Union free trade agreement and supportive global cues.
Read on livemint.com