Buy or Sell: Vaishali Parekh Recommends Three Stocks to Buy Today — February 7, 2025
Market Overview
Buy or Sell: The Indian stock market experienced a bearish session on Thursday, February 6, as major indices closed in the red due to selling pressure on heavyweight stocks and growing concerns over the US-China trade war. The Nifty 50 index dropped by 0.39% to settle at 23,603.35 points, while the BSE Sensex declined 0.27% to 78,058.16 points.
Despite this short-term correction, investors remain focused on upcoming events, such as the Reserve Bank of India’s monetary policy announcement. Analysts are closely monitoring market movements to identify trading opportunities in the current volatile scenario.
Nifty & Bank Nifty Outlook
According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, the Nifty 50 index witnessed profit booking and slipped below its 50-day Exponential Moving Average (EMA) at 23,660 levels. The index is expected to find strong support at 23,500 points and may face resistance near 23,800 points.
For Bank Nifty, Parekh stated that the index remained range-bound, finding support near 50,300 points, while resistance stood at 50,500 points. A crucial breakout level is 50,900, beyond which the index could gain further momentum. The important support level to watch remains 49,700 points.
With these technical levels in focus, traders can look for opportunities in specific stocks that show strong buying signals. Vaishali Parekh has recommended three stocks to buy today: SJVN Ltd, ICICI Securities Ltd, and GRM Overseas Ltd.
Vaishali Parekh’s Buy or Sell Stock Recommendations for February 7, 2025
1. SJVN Ltd. (SJVN) – Power & Renewable Energy Stock
- Buy Price: ₹97.5
- Target Price: ₹103
- Stop Loss: ₹94
Stock Analysis: SJVN Ltd., a key player in the power generation and renewable energy sector, has shown resilience despite market volatility. The stock is trading near important support levels, making it an attractive buy. The company has a strong growth trajectory, with increasing investments in hydro, solar, and wind energy projects.
Key Financial Ratios:
- PE Ratio: 21.5 (Moderate Valuation)
- ROE (Return on Equity): 12.8%
- Debt-to-Equity Ratio: 0.45 (Healthy Financial Position)
- Dividend Yield: 3.2%
With India’s focus on clean energy, SJVN remains a promising long-term bet.
2. ICICI Securities Ltd. (ISEC) – Financial Services Stock
- Buy Price: ₹849
- Target Price: ₹880
- Stop Loss: ₹810
Stock Analysis: ICICI Securities, a leading financial services provider, has demonstrated strong earnings growth and rising retail participation in stock markets. The stock has been consolidating near its support zone and is poised for an upward breakout.
Key Financial Ratios:
- PE Ratio: 16.2 (Attractive Valuation)
- ROE: 25.4% (Strong Profitability)
- Debt-to-Equity Ratio: 0.1 (Low Debt)
- Net Profit Margin: 28.7%
With robust fundamentals and growing investor confidence in the financial sector, ICICI Securities is a strong pick for short-term gains.
3. GRM Overseas Ltd. (GRMOVER) – FMCG & Agri Stock
- Buy Price: ₹241
- Target Price: ₹255
- Stop Loss: ₹235
Stock Analysis: GRM Overseas Ltd., a leading player in agri-commodity and basmati rice exports, has been on a strong uptrend, supported by growing exports and favorable industry trends. The stock has shown momentum near its support level, making it an attractive buy.
Key Financial Ratios:
- PE Ratio: 14.8 (Fair Valuation)
- ROE: 19.6% (Strong Performance)
- Debt-to-Equity Ratio: 0.3 (Low Debt)
- Revenue Growth: 18.2% (Consistent Sales Growth)
Given its strong export demand and stable financials, GRM Overseas is expected to deliver solid returns in the near term.
Stock Market Strategy for Today
With the ongoing market fluctuations and key resistance levels in play, traders should adopt a cautious yet strategic approach. Here are some important trading strategies to keep in mind:
Follow Stop Loss Levels Strictly – This helps limit losses in case of unexpected market reversals.
Watch for Breakout Levels – A decisive move above resistance can trigger strong bullish momentum.
Keep an Eye on Global Cues – International markets, especially US-China trade developments, can impact sentiment.
Monitor RBI Policy Outcome – Interest rate decisions and policy stance could influence market direction.
Conclusion
As the market remains volatile, Vaishali Parekh’s stock recommendations—SJVN Ltd, ICICI Securities Ltd, and GRM Overseas Ltd—offer strong potential for gains. Each stock has been selected based on technical support levels, fundamental strength, and positive industry outlooks.
For traders and investors looking for opportunities today, these stocks present favorable risk-reward scenarios. However, it is essential to follow disciplined trading strategies and manage risk effectively.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.