Top Stocks to Watch: Market Insights for July 31, 2025

As the stock market buzzes with potential, investors eagerly await insights for making smart investment decisions. Aakash K Hindocha, Deputy Vice President at Nuvama Professional Clients Group, brings to the forefront three prime stock picks and sheds light on the Nifty and Bank Nifty trends. Learn how industry giants like Jindal Steel, Ajanta Pharma, and Godrej Agrovet may hold the key to unlocking profit today.

Nifty Outlook: Gearing for Possibility

Nifty, closing at a 4-day high, sees a recovery from initial week’s losses as it hits a pivotal pattern target. However, caution remains as Nifty stands at the retest of a significant bearish breakdown. The index teeters between resistance and the threat of a downslide. For optimists, crossing the 25010 mark could negate downside fears. Meanwhile, our experts anticipate rangebound trading between 24600-25010.

Rising Through Bank Nifty

Not one to be overshadowed, Bank Nifty emerges remarkably steady, dancing on the edge of a 5-month trendline. Despite a temporary retreat at the week’s onset, the index reasserts its underlying strength with potential to shoot for ⁵⁶⁸⁰⁰⁄₅₇₁₀₀, unless support at 55800 falters.

Jindal Steel’s Trend Defiance

Standing firm against broader trends, Jindal Steel shook market expectations with a 4% climb, signaling a promising breakout through a 1-year trendline. All eyes are now on reestablishing its trajectory towards previous highs. Can it hit its bullish target of 1080? Investors are certainly lining up for the ride.

Ajanta Pharma’s Resurgence

Breaking free from a 10-month shadow, Ajanta Pharma’s stock showcases a formidable break from its consolidation phase. With an upside prediction of 8-10% from its current market price, this pharmaceutical star shines brighter having risen above its 200 DMA since June.

Godrej Agrovet’s Bullish Pattern

Evolving within the arena of agriculture-based ventures, Godrej Agrovet capitalizes on a breakout moment from a year-long consolidation. Fueled by a bullish ‘cup and handle’ pattern, its path points to a 10% upward surge, echoing across daily and weekly charts.

Discover stories of India’s leading eco-innovators at the Ecopreneur Honours 2025 as stated in Times of India. Stay updated with the freshest business news and trends in India.

(Disclaimer: Stock market views shared by experts are individual opinions and do not reflect the perspective of The Times of India.)

Stay informed, analyze wisely, and watch your portfolio flourish with these expert strategies in hand.