Sensex today | Stock Market Live: Stock to buy today: Aditya Birla Capital (₹385.50) – BUY

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The short-term picture looks bullish for Aditya Birla Capital despite the sharp fall on Wednesday. The 4.9 per cent fall on Wednesday has brought the share price close to a key support level of ₹377. We expect the stock to reverse higher from this support. That leg of the rise can take Aditya Birla Capital’s share price to ₹425-₹430 in the coming weeks.

Traders can buy Aditya Birla Capital shares at ₹385 now. Accumulate on dips at ₹379. Keep the stop-loss at ₹364. Trail the stop-loss up to ₹391 as soon as the stock goes up to ₹397. Revise the stop-loss higher to ₹398 and ₹410 when the price touches ₹406 and ₹417, respectively. Exit the long positions at ₹425. If the price breaks ₹377 and declines, then adhere to the stop-loss and exit.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

We believe India’s defence sector is on a multi-year structural upcycle, driven by an 11 per cent CAGR in capital expenditure over FY2026-30E, surging acceptance of necessity (AON) approvals (~10X over FY2021-26 to ₹9.3 tn), and a secular push towards indigenisation with domestic procurement share rising from 54 per cent (FY2019) to 70 per cent+. Indian defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity (₹384 bn in FY2026, targeting ₹500 bn by FY2029). Over the medium term, we believe companies with large order books, proven execution and diversified product portfolios will be winners. We initiate coverage on HAL (ADD) (FV ₹4,810), Mazagon Dock MDL (SELL) (FV ₹1,950) and Solar Industries (SELL) (FV ₹10,300). Maintain ratings on BEL (REDUCE) and CSL (SELL).

5 Stocks Closed at Fresh Lifetime Highs on Wednesday! 

What happened: The company has received orders worth Rs 9,390mn since 21st May till date, across the business segments of Industrial Gas, Cryo-scientific Solutions and LNG. The order split includes 93% in the Industrial Gas segment, 5% in the LNG segment and 2% in the Cryo-scientific solutions segment. Beverage Kegs orders worth Rs 80 mn, likely included in the Industrial Gas segment. The order book was boosted by a mega order in the IG business vertical from the space exploration industry, besides minor orders for vaporizers and storage tanks.

Our view: This takes Inox India’s book-to bill to ~ 1.7x versus 1.0x in FY26. These orders reinforce Inox India’s position as a trusted global partner for mission-critical cryogenic solutions. 

Buy Aditya Birla Capital shares at ₹385; target ₹425-₹430 with strategic stop-loss adjustments for optimized trading.