Indusind Bank, Bajaj Finserv, Eternal & Swiggy: What Kiran Jani Of Jainam Broking Says On These 4 Stocks

Kiran Jani, Head of Technical Research astatine Jainam Broking, connected Wednesday said benchmark Nifty50 could trial 24,800-24,900 levels by adjacent month. On nan stock-specific front, nan marketplace master suggested that nan wide floor plan shape of Bajaj Finserv Ltd looked promising. "Any dips towards Rs 1,950-2,000 levels should beryllium considered arsenic an opportunity to enter. Keep a strict extremity nonaccomplishment beneath Rs 1,950 and 1 should accumulate nan banal for sure," he told Business Today.

In consequence to a query connected IndusInd Bank aft its MD & CEO Sumant Kathpalia stepped down pursuing a derivative accounting lapse, Jani said, "Investors should enactment distant from nan banal astatine existent levels. Those holding should support a strict extremity nonaccomplishment of Rs 800."

When asked astir Eternal Ltd (formerly known arsenic Zomato), he recommended entering nan antagonistic astatine existent levels. "Keep extremity nonaccomplishment placed astatine Rs 220. If this level is not broken, we tin expect value targets of Rs 245-260 successful nan upcoming time," Jani stated.

The marketplace master said 1 tin besides see Swiggy Ltd astatine nan existent marketplace value while underscoring that it could beryllium a risky stake though. "Keep a strict extremity nonaccomplishment of Rs 300. If Rs 300 level is not broken, we tin expect a target of Rs 400 successful nan short term. This will beryllium a risky but worth-taking bet," Jani mentioned.

Meanwhile, Indian equity benchmarks were trading almost level coming arsenic losses successful state-owned banks and user durables countered gains successful pharma and power stocks. Broader indices (mid- and small-cap shares) were besides down.

The wide marketplace breadth was anemic arsenic 2,373 shares were declining while 1,210 were advancing connected BSE. 193 stocks stayed unchanged.

Published on: Apr 30, 2025 11:53 AM IST