Stocks to buy: Ankush Bajaj recommends three stocks for today—3 January 2025

Ankush Bajaj  recommends three stocks for 3 January.
Ankush Bajaj recommends three stocks for 3 January.

Summary

Here are three stocks to buy as recommended by research analyst Ankush Bajaj for Friday, 3 January 2025.

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.

(Tradingview)

Indian Stock Market’s Outlook:

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.

(Tradingview)

Three stocks to buy, recommended by Ankush Bajaj:

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.

 

Also read:

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 from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
more

topics

MINT SPECIALS