Dealing Room Check:- There will be a lot of activity in the defense sector in the new year. Defense Ministry declared 2025 as the Year of Reform. The process of purchasing defense equipment will be easy. There will also be emphasis on cyber, space, artificial intelligence. Maruti’s sales increased more than expected in December. The company sold 29 percent more vehicles. HYUNDAI sold vehicles as per expectations. But Bajaj Auto disappointed. There was a decline of one percent in total sales. There was a decline of about 11% in the sales of Escorts. M&M sales rose 16% but fell short of estimates. Here, today dealers advised their clients to place bets in the shares of Tata Motors and Aurobindo Pharma.
CNBC-Awaaz’s Yatin Mota, quoting sources in the dealing rooms, said that today dealers have bought shares in the auto sector. Dealers have advised their clients to buy shares of Tata Motors. According to dealers, short covering by FIIs has been seen in the stock. Dealers are advised to buy BTST in stock i.e. buy today and sell tomorrow. According to dealers, targets of Rs 760-775 are possible.
If Nifty breaks the level of 23900 on the upside then a good rally will be seen, bet on these two stocks for trading
Like other stocks also, dealers today gave bullish opinion on the shares of pharma sector. Yatin Mota said that dealers have advised to make positional buying in the shares of Aurobindo Pharma. According to dealers, buying of pharma shares by domestic funds has been seen. Dealers have given positional targets of Rs 1400-1450 on this stock.
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