Sona BLW Precision Forgings, Aurobindo Pharma, Grasim Indust
Motilal Oswal Analyst Recommends Sona BLW, Aurobindo Pharma and Grasim Industries for Buy on 1 September
Motilal Oswal Financial Services Ltd analyst Chandan Taparia has recommended three stocks to buy on 1 September 2026: Sona BLW Precision Forgings, Aurobindo Pharma and Grasim Industries. This recommendation comes as Indian benchmark indices Sensex and Nifty 50 are expected to open flat to negative on the same day, influenced by weak global cues.
The Gift Nifty was trading around 24,197.5, at a discount of nearly 54 points to the previous close of Nifty futures, indicating a cautious start for the domestic market. In the prior session, Sensex declined 307.24 points, or 0.40%, to close at 76,957.27, while Nifty 50 settled 95.25 points, or 0.39%, lower at 24,080.40, closing below the 24,100 level.
On the derivatives front, Taparia noted that maximum call open interest is at 24,200 and 24,400 strikes, while maximum put open interest is at 24,000 and 24,050 strikes. Option data suggests a broader trading range between 23,600 and 24,500, with an immediate range of 23,800 to 24,300.
For Nifty 50, Taparia said that if the index crosses and holds above 24,100, upside could extend to 24,250 and then 24,350, with support at 23,950 and 23,850. For Bank Nifty, a hold above 58,000 could trigger a bounce toward 58,500 and 58,750, while downside support is seen at 57,750 and 57,500.
Regarding the individual stock recommendations, Sona BLW Precision Forgings is in an overall uptrend with small declines being bought into, showing strong underlying demand. It has formed a strong base around 800 and could see accelerated momentum if it sustains above 825, supported by positive momentum in auto ancillary stocks.
Aurobindo Pharma is trading in all-time high territory, having surpassed its previous swing high near 1,680 and forming higher highs, indicating sustained buying interest. The RSI has shown a bullish crossover, reinforcing the positive outlook.
Grasim Industries is respecting its 20 DEMA and witnessing a bounce from it, indicating buying interest on dips. It has given a breakout range above 3,350 over the last 8–10 sessions, and sustaining above this level could trigger fresh buying momentum and further upside.
The article includes a standard disclaimer that the views are those of the analyst and not of Mint, advising investors to consult certified experts before making investment decisions.
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