Picks of the day: Anil Singhvi gives buy call on these stocks for profit booking

2 hours ago 1

Anil Singhvi Stocks to Buy: Shares of AU Small Finance Bank, Swiggy, and Hitachi Energy India are in focus on Friday's trade, each reacting to key developments that have caught investor interest. Backed by momentum and fundamental triggers, all three names are now on the radar for short-term upside, as highlighted by Zee Business Managing Editor.

1) AU Small Finance Bank: Universal Bank Nod Triggers Buying

AU Small Finance Bank jumped nearly 3 per cent in early deals after the Reserve Bank of India granted in-principle approval to convert it into a Universal Bank — a long-awaited regulatory milestone.

The move opens the door for broader lending operations and could lead to a re-rating of the stock, analysts say. The bank also announced a distribution tie-up with SBI Life Insurance earlier this week, expanding its reach in the insurance segment.

In Q1, AU SFB reported a net profit of Rs 581 crore, up 16 per cent year-on-year, with total income rising to Rs 5,189 crore.

Trade View: Buy AU SFB Futures | SL: Rs 735 | Targets: Rs 755, Rs 765, Rs 780

2) Swiggy: MSCI Entry May Attract Passive Inflows

Swiggy shares were active after the stock was added to the MSCI Global Standard Index in the index provider’s latest semi-annual review. The move is expected to trigger passive inflows from global funds, with estimates pegging potential buying at over Rs 2,000 crore.

The MSCI inclusion comes as Swiggy expands its footprint in food delivery and quick commerce, and could offer liquidity-driven upside in the near term.

Trade View: Buy Swiggy | SL: Rs 387 | Targets: Rs 405, Rs 410, Rs 414