Essential Stock Recommendations for August 29, 2025: Today’s Top Companies to Consider
According to recent insights from Bajaj Broking Research, investors should consider Godawari Power and Ispat Limited (GPIL) and Apollo Micro Systems as top stock picks for today. The stock market has experienced significant fluctuations, particularly with the Nifty index closing around 24,500 as August comes to an end. Investors are closely monitoring government fiscal policies and potential tariff impacts, especially following the U.S. imposing a 50% tariff on Indian imports, which could test India’s economic resilience.
Nifty Index Overview
The Nifty index has faced a sharp decline, closing at approximately 24,500 during the August month expiry. This downturn has prompted investors to keep a close eye on the government’s fiscal measures, particularly regarding potential GST rationalization and sector-specific stimulus packages. These interventions aim to mitigate tariff-induced challenges and support overall economic growth. The recent imposition of a 50% tariff by the U.S. on Indian imports has added to the uncertainty, placing India at a critical juncture in terms of economic stability and diplomatic relations.
To halt the current downward trend, the Nifty index must close above the highs of previous sessions. If it fails to do so, the downward bias is likely to persist. Immediate support for the index is identified in the range of 24,400 to 24,350, which aligns with recent lows and key retracement levels. Maintaining above this support could lead to a consolidation phase between 24,400 and 24,900. Conversely, a failure to hold this level may accelerate declines towards the 24,000 to 23,800 range, which corresponds with the 52-week exponential moving average and previous significant lows.
Bank Nifty Performance
The Bank Nifty index has also shown signs of weakness, forming a substantial bearish candle with lower highs and lower lows, indicating a continuation of the corrective trend. The index closed below its 100-day exponential moving average, signaling a potential extension of the decline. It has fallen below the previous three-week trading range of 54,900 to 56,100, reinforcing the bearish outlook.
Looking ahead, if the Bank Nifty does not manage to surpass the 55,000 mark, the downward bias will likely continue, opening the door for further declines towards the 53,500 to 53,000 levels. Key support is identified at the 53,000 level, which coincides with the 200-day exponential moving average and the low recorded in May 2025. Investors are advised to remain cautious and monitor these levels closely.
Stock Recommendations
Bajaj Broking Research has identified Godawari Power and Ispat Limited (GPIL) as a strong buy opportunity within the range of Rs 228.00 to Rs 233.00. The stock has recently broken out of a consolidation range between Rs 210 and Rs 165, supported by strong trading volume. This breakout suggests a resumption of upward momentum, presenting a fresh entry point for investors. The target price for GPIL is set at Rs 257, indicating a potential return of approximately 10% over the next 12 months.
Similarly, Apollo Micro Systems is recommended for purchase within the range of Rs 238 to Rs 243. The stock has demonstrated a breakout above a bullish rounding formation, signaling a continuation of its upward trend. The target price for Apollo Micro Systems is projected at Rs 270, with an expected return of 10% over the next three months. The stock’s performance has outpaced the overall market, and technical indicators suggest that it is likely to maintain this positive trajectory.
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.
