As stock markets resume trading on March 24, 2025, investor attention is drawn to several key stocks highlighted by analysts amidst a backdrop of significant corporate developments. With the Nifty50 recording its largest weekly gain in over four years, analysts are optimistic about the upcoming week’s trading.
According to Motilal Oswal Financial Services Ltd, notable stock picks for the week include Amber Enterprises and Kirloskar Oil. Amber Enterprises, a leading Indian contract manufacturer for refrigeration and air conditioning components, recently reported a remarkable 65% year-on-year revenue growth for Q3 of FY25. This growth, driven largely by expanded capacities and rising demand in the electronics sector, places Amber in a strong position to capitalize on future opportunities.
Furthermore, Amber is investing ₹6.5 billion in Ascent Circuit and participating in India’s production-linked incentive (PLI) scheme through a joint venture with Korea Circuit. Analysts estimate a compelling revenue and EBITDA growth trajectory with projected compound annual growth rates (CAGRs) of 26% and 33%, respectively, from FY24 to FY27.
On the other hand, Kirloskar Oil is seen as a recovery play, with expectations for industrial volumes to hit between 36,000 and 38,000 units in Q4, following a period of price increases and strong pre-buying prior to regulatory changes. Analysts project a steady recovery in demand, with Kirloskar Oil poised to benefit from a shift towards higher-capacity generators.
Sector strategist Rajesh Bhosale of Angel One Ltd also bolsters this week's trading recommendations, advising investors to buy CHOLAHLDNG, a stock that has seen a bullish breakout after being range-bound for a significant period. Bhosale points out that the breakout is underpinned by strong volume and a bullish candlestick pattern, indicating accumulation by substantial investors. Investing in CHOLAHLDNG at prices between ₹1,692 and ₹1,685, with a stop loss at ₹1,610 and a target of ₹1,890 is recommended as analysts expect further upside potential.
Another stock Bhosale is bullish on is MAZDOCK, which is currently trading around ₹2,591. Having formed a solid base near ₹2,000, it recently broke out from a descending triangle pattern, indicated by improved momentum and technical indicators such as the RSI crossing above 60. The buy recommendation suggests targeting ₹3,000 while maintaining a stop loss at ₹2,400.
Moreover, QUESS reflects bullish activity with a recent reversal breakout from a Cup and Handle pattern. Current prices around ₹683 are predicted to trend upwards, with a target price of ₹735 and a stop loss at ₹659. The bullish momentum established by surpassing the 200-day moving average further strengthens the outlook for QUESS.
Beyond these recommendations, major corporate developments shape the trading environment this week. Reliance Industries has completed a substantial acquisition of a 74% stake in Nauyaan Shipyard, investing ₹382.73 crores, which enhances its foothold in maritime operations. As a strategic move, this acquisition aligns with Reliance’s aim to diversify its operational portfolio and leverage synergies across various sectors.
Mahindra & Mahindra has announced that it will implement a price increase of up to 3% on its SUVs and commercial vehicles effective from April 1, 2025. This decision comes amid rising inflationary pressures and escalating costs of commodities, reflecting the company’s proactive measures to maintain profitability.
In the electric vehicle space, Ola Electric has begun delivering its new S1 Gen 3 scooters across India, with prices starting at ₹79,999 for the standard model and reaching ₹1,69,999 for the top-end variant. This rollout signifies Ola's commitment to meeting increasing demand as they enter the dynamic EV market.
An impressive development is also underway with Adani Green, which has commissioned a 250 MW solar power project in Rajasthan. This strategic addition strengthens its portfolio in renewable energy, aligning with India's growing focus on sustainability and green energy solutions.
Overall, as investors position themselves for what appears to be an opportunistic trading week post a significant market rally, analysts emphasize a cautious yet optimistic approach. The developments at major companies like Reliance, Mahindra, and Ola Electric will undoubtedly play a critical role in shaping market sentiment and stock performance.
Investors are urged to stay informed, considering these insights and developments as they navigate their investment strategies. This week’s stock recommendations and corporate moves reflect a robust and evolving market landscape, rich with potential opportunity for savvy investors.
