Disclaimer: This is not financial advice. Stock trading involves risks, including loss of capital. Conduct your own research and consult a financial advisor before investing. Past performance does not guarantee future results.
Piramal Enterprises Limited (PEL), a leading Indian NBFC, is our Stock of the Day. With a buy range of ₹965-970 and targets of ₹1075-1150, PEL offers a compelling opportunity. The stock is testing a key demand zone near its 50-day EMA, with strong volume signaling potential for a breakout above ₹970.
PEL's retail AUM surged 37% to ₹59,093 crore, and its Wholesale 2.0 AUM grew 60% to ₹8,916 crore, reflecting robust growth. The ongoing merger with Piramal Finance and a return to profitability (₹39 crore in Q3 FY25) add to its appeal. However, risks like a ₹1,502 crore GST notice and market volatility warrant caution.
Suggested stop loss: ₹940
Trade Plan: Buy at ₹965-970
Target ₹1075-1150 (11-19% upside)
Short-to-medium term. Monitor volume and market trends closely.
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