3 Stocks to Watch This Week: Route Mobile, Praj, OFSS – Here’s Why
So the Nifty just blasted past 25,000—no big surprise there after the RBI finally cut rates. Everyone’s scrambling to find the next quick winners, and Jigar Patel from Anand Rathi seems to have a decent shortlist: Route Mobile, Praj Industries, and Oracle Financial Services (OFSS). Now, I’m no fan of chasing momentum blindly, but let’s break these down like we’re chatting at a Mumbai chai stall.
Why These Stocks? Let’s Get Real
Okay, rate cuts are like sugar for markets—everything gets a temporary high. But here’s the thing: tech, industrials, and banking software (where these three live) tend to react faster than others. Patel’s betting on technical charts and sector trends, which makes sense—but only if you’re quick. More on that in a sec.
1. Route Mobile: The Quiet IT Guy
What’s the Deal?
Route Mobile does cloud communications—basically helping businesses spam you better. Kidding. But seriously, they’ve grown revenue by 22% last quarter, and margins are looking juicy. Enterprise clients mean fewer wild swings than your average IT stock.
Trader’s Angle
It just broke ₹1,650 resistance. Patel says buy around ₹1,680, aim for ₹1,850, and bail if it drops to ₹1,580. Not bad. But—and this is key—IT stocks dance to Nasdaq’s tune. If US tech sneezes, Route Mobile catches a cold.
2. Praj Industries: Ethanol’s Golden Child
What’s Cooking?
Bioenergy’s hot right now, thanks to Modi’s ethanol-blending push. Praj’s order book grew 30% last quarter. This isn’t some tree-hugger stock—it’s a straight-up momentum play with government backing.
How to Play It
Hovering near ₹530, but Patel wants you to buy only if it crosses ₹540. Target: ₹600. Stop-loss at ₹505. Warning: steel and chemical prices are nuts right now. If inputs get pricier, margins get squeezed. Simple math.
3. OFSS: Oracle’s Banking Brain
Why It Matters
OFSS builds software for banks—boring but bulletproof. Clients don’t switch easily, and they’ve got 30%+ margins. Plus, they just landed European contracts. Defensive with a side of upside.
Chart Check
At ₹8,200, the RSI’s hinting at a rally. Entry zone: ₹8,100–8,300. Target ₹9,000. Stop at ₹7,800. But—and this is big—if the rupee strengthens, their US earnings take a hit. Currency risk 101.
How to Trade Without Blowing Up
Put only 10-15% of your play money in each. Ideal entries: Route at ₹1,680, Praj above ₹540, OFSS near ₹8,200. Book half at 5% gains, then trail stops. Greed wrecks more portfolios than bad picks.
Risks? Oh, Plenty
Markets are drunk on rate cuts now, but the hangover comes fast—Fed meetings, oil prices, you name it. Stick to those stop-losses like your life depends on it. These are flings, not marriages.
Final Thought
These three have solid setups, but analyst picks are like street food—tasty but check the hygiene. Do your homework or talk to someone who gets paid to know this stuff. And hey, if you’ve traded these before, hit reply and tell me how it went. Always learning.
