Bajaj Broking Recommends Several Stocks for 3-Month Investment: Check Targets and Stop Losses
Brokerage Stock Picks: Domestic brokerage Bajaj Broking has recommended a list of stocks from sectors such as IT, PSU banking, and midcaps for a three-month investment horizon.
- Analysts forecast potential returns of up to 17% based on technical patterns and market positioning.
- The brokerage advises maintaining disciplined stop losses to manage risks effectively.
Shares to Buy for 3 Months: Quick Overview
According to analysts, selected stocks have the potential to gain up to 17% over the next few months.
- Picks include a mix of largecap IT, midcap textiles, and PSU banks, offering sectoral diversification.
- Stocks were chosen based on technical breakouts, support from moving averages, and relative strength indicators.
Market Context: Nifty 50 and Sensex Update
On Friday, April 25, domestic indices extended their weekly gains, closing nearly one per cent higher.
- Nifty 50 closed at 24,039.35, while Sensex ended at 79,212.53.
- Though markets traded in a narrow range mid-week, a mild profit-booking was seen in the final session.
Recommended Stocks: Targets and Stop Losses
Here is a detailed breakdown of Bajaj Broking’s short-term recommendations:
Coforge Share Price Target
Coforge shares are recommended for buying in the range of Rs 7,300 to Rs 7,400.
- The stock is rebounding after taking support at its previous breakout zone.
- It has also moved above its Exponential Moving Average (EMA), signaling bullish momentum.
Target and Stop Loss:
- Target: Rs 8,200 over three months.
- Stop Loss: Rs 6,870.
- Potential Upside: Approximately 11% from Friday’s closing price.
Midcap Pick: Welspun Living Shares
The brokerage suggests buying Welspun Living shares between Rs 131 – Rs 134.
- The stock has broken above a falling supply line that connected the highs of December 2024 and March 2025.
- A strengthening 14-period RSI on the daily chart supports the bullish view.
Target and Stop Loss:
- Target: Rs 147 in three months.
- Stop Loss: Rs 124.
- Potential Upside: About 11%.
PSU Stock to Buy: Punjab National Bank (PNB)
Punjab National Bank (PNB) is recommended for buying after breaking out of a downtrend line that had capped its gains since May 2024.
- The stock has closed above its 50-day EMA, reinforcing the positive technical setup.
Target and Stop Loss:
- Entry Range: Rs 97–99.
- Target: Rs 111.
- Stop Loss: Rs 92.
Renewable Energy Pick: Sterling and Wilson Renewable Energy
Sterling and Wilson Renewable Energy is also among the recommended picks for the next three months.
- Analysts see strong potential for the stock, backed by sector tailwinds and technical recovery signs.
Target and Stop Loss:
- Target: Rs 326.
- Stop Loss: Rs 249.
Conclusion: Short-Term Picks with Medium-Term Potential
Bajaj Broking‘s selected stocks present attractive opportunities across different sectors, backed by technical strength and improving fundamentals.
- Investors are advised to strictly adhere to stop losses and monitor stock movements regularly.
- A disciplined approach is crucial to maximize gains and mitigate risks over the three-month horizon.