Stocks to buy: Just Dial, JBM Auto and Adani Enterprises’ on investors’ radar

Stocks that were in focus include names like Just Dial, which rose 6.18% and Adani Enterprises, which declined 0.1% and JBM Auto, whose shares fell 6.2% on Thursday.

Here’s what Viral Chheda, Sr Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.

Just Dial

After making the nine years high around 1395 in Oct 2024, price has given a sharp correction to make the low of 756 odd levels. Price has given almost 46% downside move from its higher level of 1395 odd levels. At the lower level stock has taken the support of previous lows of 760 and gave some pull back to make the high around 912 odd levels.Price is currently trading above its 20 DMA of 846. On the higher side moving above 940 will give some further upside move till 1080-1200. On the lower side 750 will play as strong support and if it is taken out then we can see further deep till 700-660. For the Long term stock looks good and can be bought at every dips.

The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside from here. Hence one can buy at current level and more at dips of 800 with stop loss of 750 on weekly closing basis and upside can be seen till 1050-1200 in the coming 10-12 months.

Adani Enterprises

After making multiple lows around 2025 in Nov 2024, price has witnessed a Bull Run to make the high of 2644 odd levels. Price has given almost 31% returned from its lower level as Bulls were having upper hand over the price.

From highs, the price has given some correction as it retraced almost 90% of previous rally to make low around 2110. Stock is currently trading in the range of 2100-2300, breakout from this range will give further 300-400 points move.

For long term stock looks good and can be bought at every dips. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside from here. Hence one can buy at current level and more at dips of 2100 with stop loss of 2000 on weekly closing basis and upside can be seen till 2500-2700 in the coming 10-12months.

JBM Auto

After making an all time high around 1213 in Feb 2024, stock has witnessed a Bear Run to make the 52 week low of 557 odd levels. Price has given almost 55% downside move from its higher level of 1213 odd levels as bears were having upper hand over price. Price hasmade a low in support zone of 520-560 and if this holds as a support level we can see upside till 750-800 odd levels.

Breaching its support level of 520 can witness further deep till 480-450 odd levels. For the long term stock looks good and can be bought at every dip. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside move with limited downside risk.

Hence one can buy at current level and more at dips of 560 with stop loss of 520 on weekly closing basis and upside can be seen till 800-900 in the coming 10-12 months.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)