Cipla, Bajaj Finserv, Mahindra & Mahindra, Tata Motors, SBI were among major gainers as Indian markets trade at all-time highs. Indian markets have finally crossed 26,000 mark for NSE Nifty. Investors are confident that Indian government will reach a deal with the US government regarding tariffs. Overall performance of Indian companies has been positive, leading to a sustained rally in majority of index stocks. TopNews Team has reviewed technical levels for buzzing stocks for short term traders. It would be better to take a buy position at lower levels as currently the markets are at their all-time highs.

Cipla Ltd: Pharma Stability Meets Technical Breakout

Cipla has entered an impressive upward phase in October 2025, climbing nearly 5% in the last week and over 10% in three months, closing at ₹1,663.60 on October 22 while achieving a new 52-week high earlier in the week. Analysts attribute this momentum to a combination of technical robustness and defensive positioning, with trading volumes surpassing 1.2 million shares, signaling increased institutional participation. Cipla’s inclusion in the Nifty 50 index has strengthened its appeal among both conservative and momentum-driven investors.
The stock is well above its 20-, 50-, and 200-day exponential moving averages (EMAs) and is forming an ascending triangle pattern—a bullish continuation signal. An RSI of 52.25 further supports sustained buying interest with room for growth. Choice Broking’s Diwali Picks 2025 recommends a “Buy” rating with a target range of ₹1,770–₹1,850, suggesting 10–12% potential upside. The report identifies ₹1,480 as an ideal accumulation point and ₹1,410 as solid support.

From a fundamental standpoint, Kotak Institutional Equities projects Q2 FY26 revenue growth of 5% year-on-year and 6% sequentially, fueled by domestic sales and stable export momentum. Mild pricing pressure in the U.S. generics market, particularly for Revlimid, Lanreotide, and Albuterol, is expected, but margins remain stable. Attention now turns to the October 30 board meeting, where markets will gauge Cipla’s Q2 performance and management commentary on complex generics and respiratory therapy initiatives.

The prevailing sentiment remains bullish: Cipla’s defensive sector alignment, cash flow predictability, and low beta create a synergy between stability and upside potential heading into the next earnings cycle.

Bajaj Finserv Ltd: Financial Conglomerate Near All-Time Highs

Bajaj Finserv continues to ride the wave of financial sector exuberance, closing in on record highs. As of October 23, the stock traded near ₹2,182, marginally below its 52-week peak of ₹2,184.3, reflecting an impressive 24.33% one-year return—far outpacing the Sensex’s 6% gain. It comfortably trades above all major moving averages, backed by a beta of 1.47 that signals dynamic price movement and strong speculative appeal. Its P/E ratio of 36.38, compared to the industry average of 24, showcases market confidence in its growth outlook.
Brokerages maintain an overwhelmingly positive stance. ICICI Securities upheld an “Add” rating with 18% YoY consolidated profit growth expectations, fueled by lending income from Bajaj Finance and underwriting profitability across its insurance arms—Bajaj Allianz Life and Bajaj Allianz General. Analysts foresee that continued AUM growth, steady premium expansion, and tight cost management will sustain its momentum. The company’s Q2 results are scheduled for November 10, 2025, with expectations of another solid quarter.

As the RBI maintains an accommodative policy, diversified financial entities like Bajaj Finserv stand to benefit from favorable liquidity and credit conditions. Technical experts at MarketsMojo indicate that the long-term chart shows structural resilience, suggesting that maintaining daily trading volumes above 150,000 shares could catalyze another upward leg.

Strategically, Bajaj Finserv’s upcoming triggers include:

Strong performance from core subsidiaries

Improved expense ratios in insurance operations

Sustained AUM growth in loans and investment-linked products

With a target zone of ₹2,250–₹2,300, traders expect short-term accumulation to intensify near ₹2,150. Long-term investors continue to identify it as one of India’s premier financial compounders, supported by Sanjiv Bajaj’s stable leadership and diversified revenue channels.

Tata Motors Ltd: Post-Demerger Rally and Festive Demand Surge

Tata Motors is navigating a transformative quarter following its structural separation of the commercial vehicle business, with the passenger division rebranded as “Tata Motors Passenger Vehicles.” Post-demerger, the stock trades near ₹401, marking a 20% rebound from its 52-week low of ₹335, while still offering room to rise toward its ₹567 high. Despite a temporary valuation dip caused by share redistribution, analysts deem it a short-term adjustment ahead of the listing of TML Commercial Vehicles.
Operational metrics remain strong. A Return on Equity (ROE) of 28.12% and a P/E ratio of 17.18 indicate robust profitability relative to peers. The stock’s momentum received a festive boost when Tata Motors reported over 1 lakh vehicle deliveries during Navratri–Diwali, representing a 33% year-on-year surge, led by high demand for the Nexon EV and Punch EV models.

Motilal Oswal Financial Services maintains a “Buy” call with a target of ₹510, projecting double-digit earnings CAGR from FY25–FY27 amid improved capital allocation post-demerger. ICICI Direct offers a more cautious “Hold” recommendation, citing external risks like a potential European slowdown impacting Jaguar Land Rover (JLR).

The stock’s Muhurat trading performance reinforced investor optimism, closing at ₹401.90, while technical analysis from Moneycontrol suggests a bullish breakout above ₹420 could trigger gains toward ₹460–₹480.

Upcoming catalysts include:

The November listing of the CV entity

Q2 FY26 results highlighting improving PV margins

Potential government EV policy incentives, further amplifying growth momentum

Overall, Tata Motors stands as a medium-term value and growth opportunity, balancing domestic expansion with strategic global recovery.

Sector-Wide Implications and Strategic Outlook

Collectively, Cipla, Bajaj Finserv, and Tata Motors encapsulate the narrative of India’s market transformation—anchored by diversified growth engines and sector-specific catalysts.

For investors seeking large-cap resilience, Cipla offers dependable defensiveness with technical upside; Bajaj Finserv provides compounding potential backed by diversified earnings; and Tata Motors presents value turnaround appeal with deep structural shifts. Together, they paint a picture of India’s maturing equity landscape—one defined by sectoral balance, domestic demand power, and evolving shareholder strategies heading into Q4 FY25.