Essential Stock Recommendations for August 1, 2025: Today’s Top Companies to Consider
According to Bajaj Broking Research, investors should consider Axis Bank and Larsen and Toubro as top stock picks for today. The recommendations come amid heightened volatility in the stock market, primarily driven by escalating trade tensions between India and the United States. As concerns over potential tariff measures grow, market participants are closely monitoring developments that could impact corporate earnings and economic growth.
Market Overview: Nifty and Bank Nifty
The Indian stock market is currently experiencing significant fluctuations, largely due to rising trade tensions between India and the United States. Recent comments from U.S. President Donald Trump regarding a potential 25% tariff on Indian exports have intensified investor anxiety. This uncertainty has led to sharp movements in key stock indices, reflecting the market’s sensitivity to geopolitical developments. Analysts predict that the Nifty index will consolidate within the range of 24,500 to 25,000 in the coming sessions. A breakout above the 25,000 mark could lead to further gains, targeting the resistance level of 25,250. Conversely, the 24,600 to 24,400 zone is identified as a critical support area, combining key technical indicators such as the 100-day exponential moving average and Fibonacci retracement levels.
The Bank Nifty index has shown resilience, rebounding from the support zone of 55,500 to 55,000. This area coincides with significant technical indicators, including the 100-day EMA and Fibonacci retracement levels. Since April, the index has maintained its position above the 100-day EMA, indicating a constructive trend. Analysts expect the Bank Nifty to continue its upward trajectory, targeting levels of 57,500 and 58,300 in the upcoming weeks.
Stock Recommendations: Axis Bank
Bajaj Broking Research recommends buying Axis Bank shares within the price range of Rs 1,050 to Rs 1,070. The stock has recently formed a base around the 61.8% retracement level of its previous upward movement, indicating a favorable risk-reward setup for investors. Following a corrective decline, Axis Bank has shown signs of a potential technical pullback, supported by a stochastic indicator that is currently in oversold territory. Analysts project that the stock could rise to Rs 1,175, representing a 10% return over the next three months, with a stop-loss set at Rs 1,005.
Stock Recommendations: Larsen and Toubro
Larsen and Toubro is another stock recommended for purchase, with a suggested entry range of Rs 3,590 to Rs 3,640. The stock has recently broken out of a falling channel, signaling a resumption of its upward trend. Currently trading above both short- and long-term moving averages, Larsen and Toubro is expected to maintain a positive bias. Analysts anticipate that the stock could reach an all-time high of Rs 3,960 in the coming months, reflecting the bullish sentiment surrounding its performance. A stop-loss is advised at Rs 3,398, with a target return of 9% over the next three months.
Investors are advised to consider these recommendations while keeping an eye on the broader market conditions and geopolitical developments that may influence stock performance.
Disclaimer: The opinions, analyses, and recommendations expressed on this website are those of the contributors or sources cited and do not necessarily reflect the views of Observervoice. Always consult with a qualified investment advisor or financial planner before making any investment decisions
Observer Voice is the one stop site for National, International news, Sports, Editor’s Choice, Art/culture contents, Quotes and much more. We also cover historical contents. Historical contents includes World History, Indian History, and what happened today. The website also covers Entertainment across the India and World.
