Market Recovers: Expert Insights on Shriram, BEL, & RITES Stocks

On Wednesday, the stock market bounced back! The Sensex, a major Indian stock index, rose by 593 points. This happened because of good economic news and smart buying from investors after a recent drop in prices.

Let’s look at three companies that caught people’s attention:

1. Shriram Finance
This stock reached a low point of around 491 in January 2025 and then shot up to around 695. It grew by almost 42%! Recently, it corrected a bit and is now trading at about 635. There’s some strong support at 610—if it dips below that, it could go down to around 570. But if it holds at 610, it could rise to new high levels above 700. If you’re thinking of long-term investment, this is a good time to buy, especially around 615. Use a stop loss at 600, and look for it to reach 700-750 in the next three to four months.

2. BEL
BEL had a rough start around February 2025, hitting 239, but then it climbed sharply to 306, gaining about 30%. At the moment, it’s trading between 295 and 306. Unfortunately, it recently broke below important moving averages, indicating it might dip further. However, if it holds around 260, it could be a good buy opportunity. You can consider buying at 270 and again at 260, with a stop loss at 240. Over the next 10-12 months, you could see it rising to 350-410.

3. RITES
RITES reached an all-time high of 403 in March 2024, but then it dropped to a low of about 192—down 53%! After finding support near 200, it’s starting to bounce back and is currently around 230. If it moves above 260, it could go up to between 290-350. Long-term investors should consider buying now and at dips around 200, with a stop loss at 190. Look for it to reach 290-350 in the next 6-8 months.

Note: These investment tips are based on analysts’ opinions and should be considered carefully before investing.