Top Stocks to Buy Today: Stock Recommendations for March 5, 2025
Introduction
As we step into a new week, the stock market is filled with opportunities to make a profit. In this article, we will explore the top stocks to buy today, recommended by industry experts, including Mehul Kothari, DVP – Technical Research, and Anand Rathi Shares and Stock Brokers. Our top picks for today are FORCE MOTORS, GMR AIRPORTS, and HINDALCO, with a focus on their technical analysis and fundamental strengths.
Top Stocks to Buy Today: Stock Recommendations for March 5, 2025
FORCE MOTORS: Buy
Buy FORCE MOTORS in the range of ₹7100–₹7200, with a stop-loss at ₹6625 on a closing basis for an upside target of ₹8000 and ₹8200 in the coming 1–3 months.
Why to Buy: The stock has displayed exceptionally high relative strength, holding firm without any significant decline. A clear breakout was observed today, with both price action and daily RSI confirming the move. Additionally, ADX is in a rising mode, indicating strengthening trend momentum.
GMR AIRPORTS: Buy
Buy GMR AIRPORTS in the range of ₹70–₹72, with a stop-loss at ₹66 on a closing basis, for an upside target of ₹81 and ₹82 in the coming 1–3 months.
Why to Buy: During August 2024, GMRAIRPORT was trading above ₹100 before correcting toward ₹70. Currently, the stock is near its previous breakout zone around ₹65–₹68, which could attract buying demand. A breakout is underway, with multiple bottoms near ₹68, signaling a potential pullback.
HINDALCO: Buy
Buy HINDALCO between ₹633–₹637, with a stop-loss at ₹608 on a closing basis, for an upside target of ₹680.
Why to Buy: The entire month of February has been phenomenal for HINDALCO, rallying 18% from the ₹560 bottom. However, last week, the stock witnessed a healthy 6% correction from ₹656. Currently, HINDALCO has closed above its previous breakout zone, forming a hammer-like candlestick that aligns with the R1 monthly pivot, indicating potential continuation of the uptrend.
Disclaimer
The opinions, analyses, and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
Conclusion
In conclusion, our top stock picks for today, FORCE MOTORS, GMR AIRPORTS, and HINDALCO, are recommended for their technical strengths and fundamental advantages. It is essential to follow a well-planned strategy, including stop-loss and target levels, to maximize returns and minimize risks in the stock market.
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