Rajesh Palviya Axis Securities Stock Picks: IdeaForge, GMM, KFin Tech
- The Indian stock market experienced a downturn Monday,with both nifty and Sensex indices closing in negative territory.
- The 30-scrip Sensex ultimately closed at 81,896.79, a decrease of 511.38 points, or 0.62%.
- Sector-wise, IT, auto, banking, telecom, and FMCG sectors faced the most significant headwinds.
Navigate the volatile Indian stock market wiht expert insights! axis Securities analyst Rajesh Palviya recommends strategic stock picks amidst market downturns.Discover top investment ideas, including GMM Pfaudler for long-term gains, ideaForge Technology as a positional play, and KFin Technologies for short-term returns. Palviya’s analysis, presented by News Directory 3, leverages technical indicators to pinpoint opportunities in the current stock market data. He forecasts substantial potential upsides, with specific target prices and stop-loss levels for each stock. Whether you’re a long-term investor or seeking short-term gains, this article provides essential analysis to guide your decisions. Uncover Palviya’s recommendations and learn how to navigate the market’s fluctuations. Discover what’s next …
Indian Stock Market Sees Red; Axis Securities Recommends Stocks to Buy
Updated June 23,2025
The Indian stock market experienced a downturn Monday,with both nifty and Sensex indices closing in negative territory. This occured despite a recovery from earlier losses spurred by concerns over the Israel-Iran conflict and potential disruptions in the Strait of Hormuz. The stock market indices initially plunged before a rebound in metal stocks and gains in small-cap and mid-cap segments offered some support.
The 30-scrip Sensex ultimately closed at 81,896.79, a decrease of 511.38 points, or 0.62%. Similarly, the Nifty 50 fell by 140.50 points, or 0.56%,settling at 24,971.90. Selling pressure in major companies like infosys, L&T, Hero MotoCorp, M&M, and HCL Tech contributed to the decline. However, Trent, Bharat Electronics, and Bajaj Finance bucked the trend as top gainers.
Sector-wise, IT, auto, banking, telecom, and FMCG sectors faced the most significant headwinds. Conversely, consumer durables, metal, and capital goods sectors saw positive movement. Amidst this volatility, Axis Securities analyst Rajesh Palviya presented several investment ideas, identifying stocks with the potential to yield up to 26.77% based on recent technical trends and price patterns.
Palviya’s recommendations span various investment horizons, including long-term and short-term picks, encompassing large-cap and mid-cap stocks. His analysis hinges on technical indicators such as moving averages, base-building activity, and breakout patterns to identify promising opportunities in the stock market data.
Stocks to Watch
- GMM Pfaudler
- kfin Tech
- ideaForge Technology
For long-term investors, Axis Securities suggests GMM Pfaudler shares. Palviya estimates the stock could increase by as much as 22.75% within the next nine to 12 months. He noted the stock’s strong base-building activity and its position above the 20-day and 50-day moving averages.
Palviya said the stock shows “buying interest on the lower side,and with the breakout on the Newton chart,it indicates that the stock can move towards the Rs 1,400 to Rs 1,450 levels going forward.”
Palviya recommends a target price of Rs 1,450 for GMM Pfaudler, with a stop loss at Rs 1,120.
ideaForge Technology is Palviya’s positional stock pick. He highlighted the stock’s recovery trend over the past three months, noting higher-high, higher-low formation on the monthly chart and a breakout from a falling channel.
Palviya recommends buying ideaForge Technology shares with a target of rs 800, implying a potential upside of 26.77%, and a stop loss at Rs 585.
For short-term gains, KFin Technologies is Palviya’s choice, projecting an 8% upside within one to three months. He anticipates this based on the stock’s current structure.
Palviya suggests a target price of Rs 1,420 for KFin Technologies, with a stop loss at Rs 1,280.
What’s next
Investors should monitor market trends and consult financial advisers before making investment decisions, considering the inherent risks involved in stock market investments.