Stock Analyst Rajesh Palviya Recommends Buying Shares of Samvardhana Motherson, IndusInd Bank, and Fortis

Indian Stock Market Report

Key Takeaways

• The Sensex and Nifty 50 indices declined in the early session on Friday, influenced by a sluggish trend in global markets and new outflows from foreign funds.
• The Sensex fell by 364.62 points to reach 81,883.99, while the Nifty 50 decreased by 117.15 points to land at 25,379.40.

Market Performance

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• Within the Sensex constituents, Maruti, Bharti Airtel, Hindustan Unilever, Mahindra & Mahindra, Kotak Mahindra Bank, and UltraTech Cement were among the notable decliners.
• On the other hand, Infosys, Tech Mahindra, HCL Tech, and Eternal saw gains.

Foreign Institutional Investors (FIIs) sold equities worth ₹3,465.99 crore on Thursday, while Domestic Institutional Investors (DIIs) purchased stocks valued at ₹5,031.57 crore.

Stock Recommendations

Samvardhana Motherson International Ltd

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• The stock remains in a strong uptrend across all time frames, consistently forming higher highs and higher lows.
• It has been consolidating within a minor falling channel since 11th February 2026, and the recent decisive breakout signals continuation of the primary uptrend.
• The stock is firmly positioned above its 20, 50, 100, and 200-day SMAs, with all key averages trending higher alongside price action, reaffirming a robust bullish structure.
• RSI across daily, weekly, and monthly time frames indicates strengthening momentum without entering overbought territory.
• Expected upside: 145-155, downside support zone: 132-128 levels.

Indusind Bank Ltd

• The stock is trending within a well-defined rising channel, consistently forming higher highs and higher lows.
• With the latest close, it has delivered a decisive breakout above the multiple resistance zone around 958, signalling continuation of the uptrend and a move towards the upper band of the channel.
• Momentum remains favourable, with positive volume dynamics reinforcing near-term strength.
• The daily RSI is comfortably above the 50 mark, indicating improving momentum without entering overbought territory.
• Expected upside: 1000-1020, downside support zone: 940-920 levels.

Fortis Healthcare Ltd

• The stock has confirmed a decisive breakout above the inverted head and shoulders pattern at 949 on a closing basis, signalling the onset of a fresh uptrend.
• It remains firmly positioned above its 20, 50, 100, and 200-day SMAs, with all key averages trending higher in sync with price action, reinforcing a strong bullish structure.
• Momentum indicators further validate the strength, as the daily, weekly, and monthly RSI sustain above the 50 mark, reflecting broad-based momentum.
• Buy signals on the daily Bollinger Bands highlight accelerating upside traction and continued bullish potential.
• Expected upside: 1000-1020, downside support zone: 935-910 levels.