Biocon, V2 Retail, Balrampur Chini: Stocks to Trade—Target Prices, Stop Losses, and Market Analysis Indian equity benchmark indices closed sharply lower on Tuesday amid rising geopolitical tensions, a weak Indian rupee, and sustained foreign institutional investor (FII) outflows. The BSE Sensex fell 1,456.04 points, or 1.92 percent, to 74,559.24, while the NSE's Nifty50 dropped 436.30 points, or 1.83 percent, to 23,379.55. The market decline was attributed to heightened global uncertainty, which dampened investor sentiment. Despite the broader market weakness, certain stocks remained in focus for traders. Axis Direct’s Rajesh Palviya highlighted Biocon, V2 Retail, and Balrampur Chini Mills Ltd as key players for the session. The analysis emphasized technical indicators and price momentum for these stocks. Biocon broke out above its five-month downtrend line at Rs 390 on daily and weekly charts, accompanied by significant trading volumes. The stock is positioned above its 20-day, 50-day, 100-day, and 200-day simple moving averages (SMAs), which are also rising in tandem with the price increase. This trend reinforces bullish sentiment. The Bollinger Band signals on daily, weekly, and monthly charts indicate increased buying momentum. Additionally, the relative strength index (RSI) across all time frames is in favorable territory, suggesting strengthening price action. Investors are advised to consider buying, holding, and accumulating Biocon, with a target price range of Rs 425–440 and a stop-loss level at Rs 385. Balrampur Chini Mills Ltd also showed strong technical momentum. The stock has surpassed its six- to eight-month resistance zone of Rs 520 on a closing basis, with rising volumes over the past months signaling heightened participation near the breakout level.#axis_direct #rajesh_palviya #biocon #v2_retail #balrampur_chini
Stocks to buy: From Coal India to JSW Energy, Axis Direct bets on these 5 stocks as India’s power demand heats up The brokerage firm Axis Direct has maintained Buy ratings on five power sector stocks, including Coal India, JSW Energy, and NTPC, citing strong demand, weather-related risks, and infrastructure expansion as key drivers. The analysis highlights the impact of El Niño conditions, which could intensify through fiscal year 2027, and the role of transmission network growth in supporting the sector. Axis Direct also noted that peak power demand in India is projected to rise significantly, with a forecast of around 270 gigawatts this summer, up from the previous all-time high of 250 gigawatts. The report emphasized that rising temperatures and geopolitical tensions are creating a volatile energy environment, which is boosting demand for thermal power generation. With El Niño potentially leading to hotter summers, cooling demand is expected to surge, while weaker monsoon conditions could reduce hydroelectric output. This combination is likely to increase reliance on thermal power producers and coal suppliers. Transmission capacity additions, including 1,895 ckm and 12,545 MVA of new infrastructure in February 2026, are also seen as a positive factor for the sector. Axis Direct’s analysis pointed to structural demand strength in India’s electricity market, with peak power demand reaching 245 gigawatts in January 2026. While this is slightly lower than the 250 gigawatt peak recorded in May 2024, the firm attributed the moderation to seasonal factors rather than a decline in underlying demand. The brokerage also highlighted a policy signal from the Minister of State for Power, which projected a 270 gigawatt peak for this summer, representing an 8% increase over the previous record.#coal_india #jsw_energy #axis_direct #ntpc #skipper
