Anil Singhvi stock to buy: AU Small Financial Bank, Swiggy and Hitachi Energy India stocks focused on Friday’s trade, each responding to major developments that drew investor interest. Supported by momentum and basic triggers, as emphasized by Zee Business executive editor, all three names are now in the short term.
1) Small financial bank: General Bank nods to trigger purchase
Small financial banks jumped nearly 3% in early transactions after approval of converting it into universal banking (a long-awaited regulatory milestone) within the RBI grant principle.
Analysts say the move opens the door for a broader lending business and could lead to a re-evaluation of stocks. The bank also announced its distribution partnership with SBI Life Insurance earlier this week and expanded its presence in the insurance sector.
In the first quarter, AU SFB reported net profit of Rs 581 crore, a year-on-year increase of 16%, with total revenue increasing to Rs 518.9 crore.
Trade View: Buy AU SFB Futures | SL: RS 735 | Target: Rs 755, Rs 765, Rs 780
2) Swiggy: MSCI entry may attract passive inflows
Swiggy stock is active after adding stocks to the MSCI Global Standard Index in the latest semi-annual review of the index provider. The move is expected to trigger passive inflows of global funds, with potential purchases expected to be fixed at Rs 20,000 crore.
As Swiggy expands its footprint in food delivery and rapid commerce, MSCI’s inclusion comes and can provide liquidity-driven upside in the near term.
Trade View: Buy Swiggy | SL: RS 387 | Target: Rs 405, Rs 410, Rs 414
3) Hitachi Energy India
Hitachi Energy India also pushed it toward the stock recommendation of Guru Anil Singhvi.
Trade View: Buy Hitachi Energy | SL: Rs 20,400 | Target: Rs 20,900, Rs 21,090, Rs 21,375
