November Stock Surprise: Bajaj Broking Unveils Top Picks & Market Forecast! Will These Stocks Soar?

Author

Akshat Lakshkar | Whalesbook News Team

Detailed Coverage:

Bajaj Broking Research has recommended buying CG Power and Industrial Solutions, setting a target price of Rs 798 with an expected return of 8% over six months. The stock's optimism is fueled by structural industry tailwinds, capacity expansion, and a strategic entry into semiconductors.

Apollo Hospitals Enterprise is also a key pick, with a buy recommendation in the range of Rs 7350-7470, targeting Rs 7980 for an 8% return in three months. The stock is showing positive momentum, forming a base and poised for a resumption of its upward move.

The Nifty index has broken its two-week losing streak, showing a firm upward trend. Factors like the end of the US government shutdown, expectations of Federal Reserve rate cuts, India's record low CPI, positive Bihar election exit polls, and hopes for an India-US trade deal are boosting investor confidence. The market structure remains constructive with a bullish bias, and dips are seen as accumulation opportunities. Upside targets for Nifty are placed at 26,100, with a potential retest of all-time highs near 26,277.

Bank Nifty continues to consolidate but is expected to break above its range and head towards 59,000 and 59,800. Strong support is identified around 57,100-57,300.

Impact This news has a significant impact on the Indian stock market. It provides investors with actionable insights for specific stocks and helps shape sentiment for major indices like Nifty and Bank Nifty. This can directly influence trading decisions, leading to increased activity and potential price movements in the recommended stocks and the broader market. Rating: 8/10.

Difficult Terms T&D capex: Capital expenditure on Transmission and Distribution infrastructure for electricity. Make in India: A government initiative to encourage companies to manufacture goods in India. Semiconductors: Electronic components made from semiconductor materials, fundamental to modern electronics. CPI: Consumer Price Index, a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Record low CPI suggests stable inflation. Federal Reserve rate cuts: The US central bank lowering its benchmark interest rate, which can stimulate borrowing and economic activity. Exit polls: Surveys conducted immediately after voters cast their ballots, predicting election results. NDA: National Democratic Alliance, a major political coalition in India. Benchmark indices: Major stock market indices (like Nifty and Sensex) that are used to track the overall market performance. Fibonacci retracement: A technical analysis tool used to identify potential support and resistance levels based on specific ratios derived from the Fibonacci sequence. Exponential Moving Average (EMA): A type of moving average that places greater weight and significance on the most recent data points, making it more responsive to new information than a simple moving average. Oscillators: Technical indicators that move within a range, used to identify overbought or oversold conditions in a market. RSI: Relative Strength Index, a momentum oscillator that measures the speed and change of price movements. A buy signal suggests upward momentum. Stochastic: Another momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. Rebounding from oversold territory suggests a potential price increase. P/E valuation method: Price-to-Earnings ratio, a valuation ratio of a company's current share price compared to its earnings per share. It's used to determine if a stock is overvalued or undervalued. FY28E earnings: Estimated earnings for the fiscal year 2028.