Zee Business Managing Editor Anil Singhvi today spoke to Kiran Jadhav, CMD, Kiran Jadhav & Asso. LLP on his Diwali to Diwali Rocket stock pick recommendations. Jadhav picked Bajaj Finance as his top stock pick, saying that he believes Bajaj Finance has a strong business model and it will be a big beneficiary of sales during Diwali Festival. 

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Kiran said that he picked Bajaj Finance as his top pick and there are 2 or 3 reasons to recommend this stock. The stock had fallen from pre covid levels of Rs 4800- Rs 4900 to Rs 1800. Pull back rally was 3rd level of retracement which is 61% retracement, exactly after testing that level, the stock has started consolidating. This indicates that the correction is healthy and one can see further up move on this stock. Investors should invest in this stock for target of Rs 4700 – Rs 4800 in 1 year. As the stock is currently trading in tight range, Investors should accumulate this stock on dips till Rs 3300 with stop loss of Rs 3230.  

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Also, fundamentally the stock is looking good due to benefits that it will derive due to the Diwali Festival Season; one should notice that Shopping Malls are offering all white goods (Mobile Phones, TVs, Fridges) at Zero EMI. Bajaj Finance and Bajaj Finserv have a strong business model and will be big beneficiaries of sales during Diwali Festival.  
Chart patterns are clearly indicating that investors in Bajaj Finance will see Rs 4700 within one year on Bajaj Finance - Diwali to Diwali!