Buy or Sell: Vaishali Parekh Recommends Three Stocks for February 20, 2025 – Should You Invest?
Vaishali Parekh : The Indian stock market witnessed a volatile trading session on Wednesday, with benchmark indices Sensex and Nifty 50 closing marginally lower. The Sensex slipped 28.21 points to settle at 75,939.18, while the Nifty 50 dropped 12.40 points to close at 22,932.90. The day’s market movement saw sharp fluctuations, with the Sensex reaching an intraday high of 76,338.58 and a low of 75,581.38, resulting in a 757.2-point swing.
Stock Market Trends and Global Concerns
The market saw mixed reactions as heavyweight financial stocks helped curb losses triggered by declines in the pharma and IT sectors. The weakness in these sectors followed concerns over potential tariff hikes in the United States. Former US President Donald Trump announced his intention to impose 25% tariffs on automobiles, semiconductors, and pharmaceutical imports, which significantly impacted Indian IT and pharma stocks.
- Pharma stocks dropped 0.7% as the US accounts for nearly 31% of India’s total pharmaceutical exports.
- IT stocks fell 1.3%, erasing gains from the previous session.
Despite these concerns, broader market participation remained strong, and Bank Nifty showed signs of a potential breakout.
Vaishali Parekh’s Stock Market Outlook
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, provided insights into the market trends and shared three stock recommendations for intraday trading on February 20, 2025.
Nifty 50 Analysis
According to Parekh, Nifty 50 rebounded from the 22,800 zone and touched 23,000 but failed to breach this resistance, closing on a flat note. The sentiment remained neutral, with an improved bias toward the broader market.
- Support levels: 22,800
- Resistance levels: 23,200
- Breakout point: A decisive move past 23,350 could confirm an upward breakout and signal further gains.
Bank Nifty Analysis
The Bank Nifty index finally saw a positive breakout after seven sessions of weak movement. A bullish candle formation on the daily chart suggests that the market trend is shifting towards bullish momentum.
- Key breakout level: A close above 50,000 (50-EMA level) could confirm a rally towards 51,700-52,500 in the coming sessions.
- Daily range: 49,200 – 50,000
Top Intraday Stock Picks for February 20, 2025
Vaishali Parekh has recommended three stocks for today’s trading session, based on technical analysis and trend strength. These stocks present buying opportunities with potential short-term gains.
1) IREDA (Indian Renewable Energy Development Agency)
- Buy Price: ₹170
- Target Price: ₹185
- Stop Loss: ₹162
- Investment Rationale: Strong bullish momentum and increasing investor confidence in the renewable energy sector.
2) Bharat Electronics Ltd (BEL)
- Buy Price: ₹253
- Target Price: ₹265
- Stop Loss: ₹248
- Investment Rationale: Consistent growth in the defense electronics sector and strong fundamentals.
3) Mangalore Refinery & Petrochemicals Ltd (MRPL)
- Buy Price: ₹114
- Target Price: ₹128
- Stop Loss: ₹109
- Investment Rationale: Rising oil refining margins and strong sectoral demand.
Stock Financial Ratios and Performance
To help investors make informed decisions, here are key financial ratios for the recommended stocks:
| Stock | Market Cap (₹ Cr.) | P/E Ratio | ROE (%) | Debt-to-Equity | 52-Week High (₹) | 52-Week Low (₹) |
|---|---|---|---|---|---|---|
| IREDA | 43,500 | 18.5 | 16.2 | 0.34 | 198 | 95 |
| BEL | 62,750 | 29.8 | 21.5 | 0.25 | 275 | 212 |
| MRPL | 20,340 | 9.7 | 13.8 | 0.68 | 130 | 80 |
Conclusion: Should You Buy These Stocks?
Given the current market sentiment and technical indicators, the three stocks recommended by Vaishali Parekh appear promising for intraday trading.
- IREDA is benefiting from the renewable energy push in India.
- BEL continues to strengthen its position in the defense and electronics sector.
- MRPL shows positive growth potential in the refining space.
However, traders must exercise caution by following strict stop-loss levels and keeping an eye on market volatility, especially given the uncertainty surrounding global tariffs.
For those looking for quick short-term gains, these three stocks provide solid trading opportunities based on technical analysis. As always, investors should conduct their due diligence and stay updated on market movements before making any investment decisions.
Would you invest in these stocks today? Share your thoughts in the comments below!
For more market insights, follow our news.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
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.