Top Stock Picks for April 25, 2025, focusing on Inox Wind, Hero MotoCorp, and Triveni Engineering. Understand market trends and make informed investment decisions.
Market Overview
On April 25, 2025, the Indian stock market opened on a positive note, with the BSE Sensex rising by 329.23 points to reach 80,130.66, and the Nifty 50 increasing by 118.75 points to 24,365.45. However, both indices later relinquished their early gains, with the Sensex down by 174.24 points at 79,627.19 and the Nifty 50 lower by 94.35 points at 24,152.35.
Despite this volatility, foreign institutional investors (FIIs) have been net buyers, investing ₹29,513 crores over the past week, indicating strong foreign interest in the Indian market.
Stock Recommendations by Rajesh Palviya, Axis Securities
Rajesh Palviya, Senior Vice President – Technical and Derivatives Research at Axis Securities, has identified three stocks to buy, hold, and accumulate: Inox Wind Ltd, Hero MotoCorp Ltd, and Triveni Engineering & Industries Ltd.
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Inox Wind Ltd (CMP: ₹182)
- Technical Analysis: The stock has broken out past a four-month resistance zone at ₹178, accompanied by significant volumes, indicating strong bullish momentum.
- Moving Averages: Sustaining above its 20, 50, and 100-day SMAs, reaffirming the bullish trend.
- Indicators: The daily Bollinger Band buy signal suggests increased momentum.mint
- Price Targets: Expected upside between ₹200-₹218, with a downside support zone at ₹173-₹165.
Hero MotoCorp Ltd (CMP: ₹3,962)
- Technical Analysis: The stock has surpassed its seven-month down-sloping trendline at ₹3,750, confirming a short-term trend reversal.
- Moving Averages: Trading above its 20, 50, and 100-day SMAs, indicating a sustained bullish trend.
- Indicators: The daily Bollinger Band buy signal and favorable RSI suggest rising strength.
- Price Targets: Expected upside between ₹4,250-₹4,400, with a downside support zone at ₹3,830-₹3,750.
Triveni Engineering & Industries Ltd (CMP: ₹436)
- Technical Analysis: The stock has confirmed a rounding bottom formation breakout at ₹420, indicating a positive bias.
- Moving Averages: Positioned above its 20, 50, 100, and 200-day SMAs, reaffirming bullish sentiment.
- Indicators: The daily Bollinger Band buy signal and favorable RSI suggest increased momentum.
- Price Targets: Expected upside between ₹485-₹513, with a downside support zone at ₹413-₹400.
Nifty 50 Outlook
The Nifty 50 index has observed a “V” shape recovery, indicating bullish sentiment. It is firmly placed above its 20, 50, 100, and 200-day SMAs, signaling bullish sentiments on a higher time frame. On the upside, the index is expected to extend this momentum towards the 24,800-25,000 levels. The crucial support zone is located around the 24,000-23,800 levels; hence, any minor correction around this remains a buying opportunity for traders.
Summary of Latest Market Trends
- FIIs Turn Net Buyers: Foreign institutional investors have invested ₹29,513 crores over the past week, indicating strong foreign interest in the Indian market.
- Domestic Sectors Lead Recovery: Top Indian funds are focusing on domestic sectors like financials, consumer staples, defense, and healthcare, which are less reliant on exports, to lead market rebound amid global jitters.
- Inox Wind’s Market Position: Inox Wind is positioned to capture a significant market share in India’s expanding wind-energy sector, supported by an improved balance sheet and a robust order book.
- Axis Bank’s Performance: Axis Bank share price has witnessed a notable uptrend, gaining nearly 4% over the past month and surging more than 22% in the last three months. On a year-to-date (YTD) basis, the banking stock has risen by 8.5%.
Conclusion
Investors looking for stock picks on April 25, 2025, may consider Inox Wind, Hero MotoCorp, and Triveni Engineering & Industries, as recommended by Rajesh Palviya of Axis Securities. These stocks have shown strong technical indicators and are well-positioned in their respective sectors. However, it’s essential to conduct thorough research and consult with financial advisors before making investment decisions.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of NSENEWS. We advise investors to check with certified experts before taking any investment decisions.
