Buy ITC, Shriram Transport, Bata India: ICICIdirect

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26 Aug, 2025 12:21

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Recommendations  Buy ITC in range of Rs 365-370, Target Rs 429, Stop loss Rs 334 "ITC has shown signs of a base formation at Rs 365-370. In price occurrence pattern of last 200 trading sessions, the stock is still trading in heavily congested Rs 350-370 zone. Delivery Z score is suggesting a pick-up in delivery & current score is close to 0.9, higher than average three-month score of -0.02 suggesting buying in ITC recently. Price vs. 30-60D HV Spread is suggesting upsides in the stock will continue as the 30 day HV is likely to come down and push the HV spread further into negative territory.

Buy Shriram Transport Finance in range of Rs 1084 - 1104, Target Rs 1325, Stop loss Rs 980 "Finance stocks outperformed the Nifty in the last couple of months. Looking at the recent build-up, we believe Shriram Transport Finance has the potential to move up from current levels. The price occurrence of last 200 days suggests the stock is in the top quartile despite recent Nifty jitters that reflects inherent strength in the stock. Delivery Z score is suggesting recent buying in the cash segment as the stock is consolidating near 1080. In futures, the stock is at seven-month low leverage, suggesting it could move up on the back of long additions." Buy Bata India in range of Rs 1280-1300, Target Rs 1560, Stop loss Rs 1165 "Most stocks from the consumer discretionary space have been resilient in the recent Nifty decline. In this space, Bata is poised for upsides ahead of the Union Budget. The price frequency pattern is highlighting the ongoing stock consolidation at higher levels. Delivery Z score is gradually inching up suggesting the stock is accumulated near Rs 1280. The current Z score of 0.9 is one of the highest seen in the last three months. It suggests a pick-up in delivery in the recent period", says ICICIdirect.com research report.

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