Stocks To Buy/Sell Today, Aug 13: Top Picks By Chandan Taparia of MOFSL For Profitable Trading On Wednesday

The Indian stock market is anticipated to open today, Wednesday, August 13, on a flat to positive note, as the GIFT Nifty is trading with a gain of 130 points (+0.6%). This is in the midst of positive global cues, with Asian markets primarily trading in the green and US markets closing in the green after consumer prices climbed less than anticipated in July.

Nifty Outlook Today

"Nifty immediate support is at 24350 then 24250 zones while resistance at 24700 then 24800 zones. Now if it manages to hold above 24442 zones then up move can be seen towards 24700 then 24800 zones while supports can be seen at 24350 then 24250 zones," commented Chandan Taparia of Motilal Oswal Securities.

Bank Nifty Outlook Today

"Bank Nifty support is at 54750 then 54500 zones while resistance at 55250 then 55555 zones. Now it has to hold above 55000 zones for a bounce towards 55250 then 55555 zones while a hold below the same could see some weakness towards 54750 then 54500 levels," Chandan Taparia added.

Stocks To Buy Today

Chandan Taparia of Motilal Oswal Securities recommended buying or selling these stocks on Wednesday, August 13.

INDIGO

CMP: Rs 5927, stop-loss: Rs 5730, Target: Rs 6300, duration: Weekly, Recommendation: Buy

• Channel Breakout on daily chart.
• Strong bullish candle.
• Hovering around "All Time High" zones.
• Respecting 50 DEMA support zones.
• Rising volumes visible.
• RSI indicator positively placed.
• We recommend to buy the stock at CMP Rs 5927 with a SL of Rs 5730 and a TGT of Rs 6300.

Bharat Dynamics

CMP Rs 1486, Target Rs 1900, 28% Upgrade to Buy

• Bharat Dynamics delivered strong 30% YoY growth in execution in 1QFY26 on a strong order book and the easing of supply chain issues as compared to last year. EBITDA margins were negative on account of negative operating leverage in a seasonally weak quarter. EBITDA loss, though, declined YoY. PAT performance was ahead of the consensus estimates.
• With a strong order book of nearly INR233b, we expect execution to scale up further in the coming quarters, particularly from Akash, Astra Mk1, MRSAM and armament projects.
• We expect BDL to benefit from a strong prospect pipeline of nearly INR500b and an emergency procurement program. We had initiated coverage on BDL in Jul'25 with Neutral recommendation due to high valuations. Since then, the stock has come down by 25% and is now trading at reasonable valuations of 39x/29x FY27E/FY28E EPS. We, thus, upgrade the stock to BUY from Neutral with an unchanged TP of INR1,900, based on 42x Sep'27E EPS.

One 97 communication (PAYTM)

CMP Rs 1120; Recommendation: Positive

• Paytm Payments Services has secured the Reserve Bank of India's in-principle nod to operate as an online payment aggregator.
• The move lifts a November 2022 bar on onboarding new merchants. Paytm applied for the permit in March 2020, but approval was delayed due to foreign direct investment compliance issues. The approval comes within two weeks of Alibaba Group's exit from One 97 Communications after selling its entire stake.
• PAYTM reported a steady quarter with in-line revenue, while tighter cost control led to healthy profits for the company. We maintain our contribution profit estimates and project PAYTM to turn EBITDA positive by FY26.

Quant Intraday Sell Ideas For Today

• PHOENIXLTD (Sell): Close Price: Rs 1439.2, SL: Rs 1453.6, TP: Rs1424.8
• DIVISLAB (Sell): Close price: Rs 5961.0, SL: Rs 6020.6, TP: Rs 5901.4

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