Top stocks to buy: Ujjivan SFB, ITC on analyst radar; check target price

Nifty broke four sessions of losing streak by rising 113 points to close at 25,195. Ujjivan Small Finance Bank and ITC are the breakout stocks to watch

Nifty View

Nifty broke a four-session-long losing streak by rising 113 points or 0.45 per cent, to close at 25,195. After opening 7 points higher, Nifty extended its gains during the session and closed near day’s high. Nifty smallcap100 index closed at the highest level of the rally, which started from April 2025. Nifty found support near the 50-day SMA and bounced back, which raised hopes for the bulls to regain their momentum. Considering the evident strength across the broader markets, it appears that today's recovery is likely to be sustained. Long should be protected with a stop-loss of 25,000 in Nifty. On the higher side, 25,331 could offer short-term resistance to Nifty.  Track Stock Market LIVE Updates

 

 

Buy Ujjivan Small Finance Bank CMP: ₹49.65 | Target: ₹53.50 | Stop-loss: ₹47.40

Stock price has broken out from the consolidation which was held from the previous five weeks. The primary trend of stock has been bullish with higher tops and higher bottoms on the positional charts. Short-term moving averages are trading above medium to long-term moving averages, which indicates rising momentum in stock.

 

Buy ITC CMP: ₹422 | Target: ₹443 | Stop-loss: ₹405

Stock price has broken out from bullish inverted head and shoulder pattern on the daily chart. Stock is placed above all key moving average resistances. Indicators and oscillators have been showing strength in the current up trend. Relative strength of FMCG index has gone up recently as compared to other sectors and Nifty.  Disclaimer: This article is by Vinay Rajani, senior technical and derivative Analyst at HDFC Securities. Views expressed are his own.