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As the festival of Navratri fills the air with vibrant energy and devotion, it's not just a time for prayers and celebrations, but also a moment to reflect on prosperity in all its forms. Much like the nine divine nights symbolize the triumph of good over evil, this auspicious period is a wonderful opportunity to make wise financial decisions and align your investments with a prosperous future.
Bajaj Broking Research Desk brings you exclusive Navratri stock picks designed to enhance your portfolio's growth potential. Let’s dive into these top stock recommendations and bring prosperity to your investments during this festive season.
Kotak Mahindra Bank is a diverse financial services giant offering everything from retail banking to asset management. It has reported strong growth in its credit card and personal loan segments in Q1FY25, with a year-on-year (YoY) increase of 28.9% and 21.7%, respectively. The bank’s advances grew 18.7% YoY, driven by uptick in corporate book, while its retail loans held steady.
Technical Analysis: Kotak Mahindra Bank’s stock has broken through a long-term resistance line, indicating a structural turnaround. The weekly MACD is showing strong upward momentum, suggesting the stock could reach ₹ 2198, a 123.6% retracement of its previous decline.
Piramal Pharma operates across three major segments: Contract Development and Manufacturing Organizations (CDMO), Complex Hospital Generics, and Consumer Healthcare. The company’s CDMO segment is showing early signs of recovery, driven by increased biotech funding, while its hospital generics business is expected to grow at a 13% CAGR, supported by 25% EBITDA margins.
Technical Analysis: Piramal Pharma has broken out of a two-year consolidation, supported by significant trading volume. This indicates strong investor participation, with the stock set to target ₹280, aligning with its previous price action from ₹182 to ₹244.
Solara specializes in manufacturing APIs (Active Pharmaceutical Ingredients), positioning itself as a key player in the pharmaceutical industry. The company is focused on expanding its CRAMS (Contract Research and Manufacturing Services) business, reducing costs at its Vizag facility, and launching new products to drive revenue
Technical Analysis: The stock is on the verge of breaking out from a 10-quarter consolidation, signalling strong upward momentum. With increased trading volumes, it is projected to reach ₹980, a 50% retracement of its previous downtrend.
Minda Corporation is a leading manufacturer of automotive components in India, commanding a 40% market share in two-wheeler locksets and wiring harnesses. Despite macroeconomic challenges, Minda reported strong revenue growth and profitability in Q1FY25, supported by a robust order book and new product launches.
Technical Analysis: Minda Corporation’s stock has been in a strong uptrend, forming higher highs and lows. The stock is currently trading within a rising channel, suggesting sustained demand. It is expected to rally towards Rs 760 in the coming months.
This Navratri, as you celebrate the divine feminine power, consider aligning your financial goals with strength, resilience, and growth by investing. Each stock here has been carefully selected by Bajaj Broking Research Desk, based on its potential for returns, backed by robust financial performance and favourable technical indicators.
For more details, you can read Bajaj Broking Research team’s report below.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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