Trade Spotlight: What should investors do with BASF India, Jubilant Industries and Sona BLW?

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26 Aug, 2025 12:21

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Indian market closed in the green on August 9 after a muted closing in the previous trading session. Nifty closed above 16,200 levels while the S&P BSE Sensex saw a rally of more than 100 points.

Sectorally, buying was seen in banks, IT and finance while selling pressure was visible in metals, telecom, oil & gas and the public sector.

Stocks that were in focus included BASF India, which rallied over 8 percent to hit a fresh 52-week high, Jubilant Industries (rose 10 percent) and Sona BLW (gained over 16 percent). All three stocks hit a fresh 52-week high on Monday.

The stock was trading sideways for a quarter and has now witnessed a breakout over the past few weeks, outperforming the broader markets.

Despite a sharp up move in price, it can move further as it has garnered higher delivery volumes.

The positive trend will continue until Rs 2,850 is not breached on the downside which is the 20-Day average and holding firm since the start of the rally from Apr-21.

The stock continued the positive momentum, post its breakout, since the start of the current financial year April 2021.

It should face some resistance at current levels after a 160% up move over the past 4 months. RSI has moved to the higher band of 82 levels so risk-reward is not in favour of fresh longs and would advise booking profits.

The stock has completed its 8 weeks of listing being a new IPO listed on June 21 and scaled an all-time high. It is holding its short-term average and moved higher with sharp volumes with positive momentum in the sector.

The current up move can lead the stock higher near to 538 levels being 61.8% Fibonacci move from the bottom of 333 levels post listing.