Weekly Swing
Trading Picks
At the
commencement of each week, our analysts meticulously survey the markets to
furnish a curated list of the top five swing trade stocks. These stock
recommendations stem from a comprehensive analysis utilizing both fundamental
and technical indicators. We consistently update our success rate and provide
specialized commentary, especially during significant market events. The
typical holding period for these swing trades ranges between 7 to 10 days, on
average.
1. Ashok
Leyland (ASHOKLEY)
Ashok Leyland
boasts an operating revenue of Rs. 44,722.65 Cr. over the trailing 12 months.
With an exceptional annual revenue growth of 59%, a pre-tax margin of 5%, and a
commendable ROE of 14%, the stock is technically trading in proximity to its
50DMA and comfortably above its 200DMA by around 5%.
Ashok
Leyland Share Price Targets for the Week:
– Current
Market Price: Rs. 182
– Stop Loss:
Rs. 176
– Target 1:
Rs. 188
– Target 2:
Rs. 192
– Holding
Period: 1 week
Our technical experts anticipate an imminent breakout in ASHOKLEY, making it
one of the prime candidates among the best swing trade stocks.
2. Indus
Towers (INDUSTOWER)
Indus Towers
reports an operating revenue of Rs. 27,726.30 Cr. over the trailing 12 months.
With a modest annual revenue growth of 2%, a healthy pre-tax margin of 10%, and
an ROE of 9%, the stock is technically trading close to its 50DMA and
comfortably above its 200DMA by around 10%.
Indus Towers
Share Price Targets for the Week:
– Current
Market Price: Rs. 199
– Stop Loss:
Rs. 191
– Target 1:
Rs. 207
– Target 2:
Rs. 215
– Holding
Period: 1 week
Our technical experts foresee a positive crossover in
INDUSTOWER, positioning it as one of the standout swing trade stocks.
3. Man
Infraconstruction (MANINFRA)
Man
Infraconstruction reveals an operating revenue of Rs. 1,862.08 Cr. over the
trailing 12 months. Boasting an outstanding annual revenue growth of 67%, a
robust pre-tax margin of 21%, and an exceptional ROE of 23%, the stock is
technically comfortably placed above its key moving averages by around 19% and
62% from 50DMA and 200DMA.
Man
Infraconstruction Share Price Targets for the Week:
– Current
Market Price: Rs. 217
– Stop Loss:
Rs. 208
– Target 1:
Rs. 226
– Target 2:
Rs. 235
– Holding
Period: 1 week
Our technical experts anticipate a consolidation breakout in
MANINFRA, categorizing it among the premier swing trade stocks.
4. National
Aluminium Company (NATIONALUM)
National
Aluminium (Nse) exhibits an operating revenue of Rs. 13,182.62 Cr. over the
trailing 12 months. Despite a marginal annual revenue de-growth of 0%, the
stock boasts a healthy pre-tax margin of 14% and an ROE of 10%. Being
debt-free, the company maintains a robust balance sheet, with the stock
technically comfortably placed above its key moving averages by around 31% and
42% from 50DMA and 200DMA.
National
Aluminium Company Share Price Targets for the Week:
– Current
Market Price: Rs. 132
– Stop Loss:
Rs. 126
– Target 1:
Rs. 138
– Target 2:
Rs. 143
– Holding
Period: 1 week
Our technical experts anticipate a volume spurt in NATIONALUM,
positioning it as one of the premier swing trade stocks.
5. Reliance
Infrastructure (RELINFRA)
Reliance
Infrastructure registers an operating revenue of Rs. 20,946.50 Cr. over the
trailing 12 months. With a commendable annual revenue growth of 11%, a pre-tax
margin needing improvement at -12%, and an ROE in need of enhancement at -34%,
the stock is technically trading close to its 50DMA and comfortably above its 200DMA
by around 15%.
Reliance
Infrastructure Share Price Targets for the Week:
– Current
Market Price: Rs. 210
– Stop Loss:
Rs. 200
– Target 1:
Rs. 220
– Target 2:
Rs. 232
– Holding
Period: 1 week
Our technical experts anticipate a reversal from the support in
RELINFRA, designating it as one of the prime swing trade stocks.
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Analysis
1. The stock
price is currently above the short, medium, and long-term simple moving
averages.
2. The company
is anticipated to report a positive quarter.
3. Over the
past five years, the company has experienced lackluster sales growth, recording
only 3.48%.
4. The return
on equity for the company has been notably low, standing at -7.15% over the
last three years.
Potential
Factors Driving the Surge in Tata Motors’ Stock
I. Growth in
the Electric SUV Market: Tata Motors’ stock surge can be attributed to the
company’s strategic emphasis on electric SUVs, aligning with the rapidly
expanding electric SUV market in India.
II. Market
Trends
a. Dominance of Electric SUVs: Electric SUVs
have witnessed a substantial increase in market share, growing from 1.3% in CY
2018 to 40.8% in CY 2023. This shift indicates a changing consumer preference
toward sustainable and technologically advanced vehicles.
b. Growth in the SUV Segment: The SUV
segment is currently the fastest-growing in India, fueled by factors such as
rising disposable incomes, demand for spacious vehicles, and a perceived sense
of safety. These factors create a conducive market environment for electric
SUVs.
III. Tata
Motors’ Electric SUV Lineup
1. Punch EV Launch (February 2024): Priced
at Rs 9.5 lakh, this makes it the most affordable battery-powered SUV in India.
2. Harrier EV Launch (June 2024): Priced at
Rs 22 lakh, targeting the mid-range electric SUV market.
3. Curvv Coupe EV Launch (December 2024):
Positioned at Rs 22 lakh, offering a competitive choice in the electric SUV
segment.
4. Sierra EV Launch (November 2025): The
highest-priced model at Rs 25 lakh, catering to the premium electric SUV
market.
IV. Mahindra
& Mahindra’s Electric SUV Plans
a. XUV.e8 and XUV.e9 Production:
– XUV.e8 production starts in December
2024 (priced around Rs 35 lakh).
– XUV.e9 production begins in April 2025
(priced around Rs 40 lakh).
b. Concept Models Production:
– Production of concept models BE.05 and
BE in October 2025.
– Production of BE.07 in October 2026.
V. Market
Positioning
1. Tata Motors as Largest EV Player:
Currently holding the largest market share in the EV segment.
2. M&M’s EV Portfolio Expansion:
Mahindra & Mahindra aims to convert 20-30% of its portfolio to electric by
2027.
VI. Electric
SUV Market Dynamics
– JATO Dynamics India Data: Electric SUVs
accounted for 40.8% of overall electric passenger vehicles in CY 2023. Higher
pricing of e-SUVs compared to ICE counterparts contributes to potentially
higher margins.
VII. Tata
Harrier EV Features
1. Impressive Range: Tata Harrier EV claims
a 500km range on a full charge.
2. Technological Advancements: Features
include a 10.25-inch infotainment screen, fully digital color instrument
cluster, and various connectivity and comfort options.
VIII. Tesla’s
Impact
– Tesla’s Entry into India: The announcement
of Tesla establishing its first factory in India has positively influenced
overall sentiment in the electric vehicle sector.
IX. Conclusion
– Investor Confidence: Tata Motors’
strategic focus on electric SUVs, aligned with market trends and consumer
preferences, has bolstered investor confidence.
– Sustained Growth: The company’s diverse
electric SUV lineup and commitment to sustainability position it favorably for
sustained growth in the evolving EV market.