Top stocks to buy in F&O segment: M&M, Shree Cements, Cholamandalam Investment by Jay Thakkar - Check targets
Cholamandalam secured new business.
· LiveMint Markets
Indian markets rallied on Tuesday, with the Nifty 50 and Sensex rising more than 1.5% as IT stocks surged after HCLTech beat estimates. The rupee also strengthened following RBI support measures. ICICI Securities analyst Jay Thakkar recommended futures trades in M&M, Shree Cement and Chola Finance.
The analysis
Cholamandalam reported movement of 1.5%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.1% on the day at ₹1,620.70, and has returned -11.9% over three months. It sits 16% below its 52-week high. The financial services sector has moved -9.0% over the same period, so Cholamandalam is running 2.9 points behind its peers.
With Cholamandalam, HCL Technologies and ICICI Bank all implicated, this reads as a Financial Services-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- With RBI, BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- It touches several names at once (CHOLAFIN, HCLTECH, ICICIBANK, SHREECEM), which points to a sector-level rather than company-specific driver.
- Sector exposure: Financial Services, IT, Banks.
- The immediate tone of coverage reads positive.
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