Top 7 Stocks to Boost Your Portfolio: Paytm, Zomato, and More According to StoxBox

Making smart stock investments can greatly enhance your portfolio. StoxBox’s latest “Techno Funda” report lists the top seven stocks to consider. This list is based on both technical and fundamental analysis to find stocks with high growth potential. Let’s dive into these promising picks.

HDFC Asset Management

• Recommendation: Buy with a target price of ₹4,434 and a stop loss of ₹3,967.
• Technical View: After a 155% surge, the stock is in a sideways trend, indicating strong investor interest. It’s currently facing resistance at ₹4,187.
• Fundamental View: HDFC AMC is set to benefit from new products and market expansion, increasing its market share. The company’s vast distribution network and strong brand are expected to drive growth.

One 97 Communications (Paytm)

• Recommendation: Buy with a target price of ₹449 and a stop loss of ₹398.
• Technical View: After an 84% decline, the stock shows signs of bottoming out, trading in an inverse head-and-shoulder pattern, indicating a potential trend reversal.
• Fundamental View: Paytm’s extensive reach and revenue generation from merchants and consumers are promising. The company aims to break even in EBITDA by FY25 despite short-term impacts, with improvements expected from Q2FY25.

Power Finance Corporation (PFC)

• Recommendation: Buy with a target price of ₹572 and a stop loss of ₹506.
• Technical View: The stock increased by 492% from June 2022 lows and is now in an accumulation phase. It reclaimed its polarity and resistance level with strong volume.
• Fundamental View: PFC benefits from India’s growing clean energy sector, with significant loan asset growth and a focus on renewable energy investments. The company plans further expansion in power and infrastructure loans.

Rural Electrification Corporation (REC)

• Recommendation: Buy with a target price of ₹606 and a stop loss of ₹537.
• Technical View: After a 537% increase from June 2022 lows, the stock is in an accumulation phase. It reclaimed its resistance level with strong volume.
• Fundamental View: REC is set to grow with a robust order book and increasing renewable energy projects. The company aims to expand its renewable energy portfolio significantly by 2030.

Siemens

• Recommendation: Buy with a target price of ₹8,464 and a stop loss of ₹7,491.
• Technical View: Siemens is in a strong uptrend, with support from the 50-day moving average. The stock crossed a pivotal resistance with volume support.
• Fundamental View: Siemens shows strong revenue and profitability growth, benefiting from new orders in its energy business and plans for capacity expansion.

Sun TV Network

• Recommendation: Buy with a target price of ₹854 and a stop loss of ₹759.
• Technical View: The stock is in a volatility contraction pattern, suggesting accumulation. The RSI indicates strong momentum potential.
• Fundamental View: Despite a decline in ad revenues, recovery is expected with improved rural spending and investments in OTT platforms. Industry trends support revenue growth.

Zomato

• Recommendation: Buy with a target price of ₹225 and a stop loss of ₹197.
• Technical View: After a 364% increase from its low, Zomato is in a consolidation phase, showing strong buyer demand and price strength.
• Fundamental View: Zomato’s large user base and strategic initiatives in food delivery are promising. The company reported strong FY24 results and expects continued growth, with plans for aggressive expansion in its quick commerce arm, Blinkit.

These seven stocks, as recommended by StoxBox, combine technical strengths and solid fundamentals, making them promising additions to any investment portfolio.