Experts suggest that market direction will be influenced by RBI's efforts to stabilize the Rupee, fluctuations in foreign institutional investor activity, the outcomes of the Bihar elections, global market trends, Rupee movements, and upcoming economic indicators.
Dharmesh Shah of ICICI Securities, believes Nifty 50 to challenge All Time High of 26,300 in the coming month. Shah recommends BEL, and KPR Mill shares to buy in the near-term. Investors should consult experts before making decisions.
Market Outlook by Dharmesh Shah, Vice President, ICICI Securities
Equity benchmark resumed the uptrend after two weeks breather and settled eventful week at 25,910, up 1.6%. Midcaps continued with its winning streak, consequently clocking fresh All Time High after Sept-24. Beaten down IT, Defence and Pharma sectors staged a strong rebound meanwhile realty, FMCG continued with its breather. The weekly price action formed a bull candle carrying higher high-low, indicating revival in upward momentum Index displayed resilience by providing buying demand in the vicinity of 50 days EMA and enabling the formation of higher base while sailing through global as well as domestic volatility.
# Stocks to Buy on Monday: Dharmesh Shah's Top Picks – BEL and KPR Mill Set to Surge on Nov 17, 2025
As the Indian stock market shakes off last week's jitters and eyes fresh highs, technical wizard Dharmesh Shah of ICICI Securities is serving up two momentum monsters for your Monday watchlist. With the Nifty 50 flirting with 26,000 amid softer inflation, stellar Q2 earnings, and a political tailwind from Bihar's NDA sweep, Shah's call to load up on Bharat Electronics Ltd (BEL) and KPR Mill Ltd couldn't come at a better time. These aren't just random bets—they're backed by crisp technical setups and sector sizzles. Whether you're a day trader or positional player, here's why BEL and KPR Mill could deliver quick wins this week. Let's gear up for November 17.
## Market Mood: Bullish Revival with a Side of Caution
Friday's close painted a pretty picture: Nifty settled at 25,915 (up 0.14%), Sensex at 84,631 (up 0.18%), forming a bullish candle that screams momentum revival. Midcaps hit all-time highs, with 68% of stocks above their 200-day EMA, while Bank Nifty bounced back sharp. Shah, ICICI's VP and chart maestro, sees the Nifty challenging 26,300 soon—any dips to 25,300? Buy 'em. Global cues like a weakening USD and steady Brent crude add fuel, but keep an eye on India-US tariff talks and FII flows. In this uptrend, Shah's picks are timed for near-term pops.
## BEL: Defense Dynamo Poised for Order-Fueled Rally
Bharat Electronics Ltd (BEL), the Navratna PSU powering India's defense tech arsenal, is no stranger to multibagger glory. From radars and missiles to electronic warfare systems, BEL's got the government's Atmanirbhar Bharat playbook on lock. With an order book swelling past ₹74,453 crore as of October 2025, the company's riding high on indigenization waves—think Make in India for drones and comms gear.
Fresh off a blockbuster Q2 FY26, where revenue leaped 25.75% YoY to ₹5,764 crore, BEL's stock has been on a tear. On November 14, it bagged ₹871 crore in new orders for missile systems and upgrades, sending shares up from an open of ₹419 to intraday highs. Trading around ₹420 now, it's coiled for a breakout above recent resistance.
**Shah's Take:** Buy BEL in the ₹414-426 range for a target of ₹466 (9-12% upside) with a strict stop-loss at ₹398. The rationale? A classic momentum setup—bullish crossover on RSI and MACD, plus volume spikes aligning with defense capex hype. If Nifty holds 25,300, this could hit target by mid-week.
| Parameter | Details |
|-----------|---------|
| Current Price (Nov 16) | ~₹420 |
| Buy Range | ₹414-426 |
| Target | ₹466 |
| Stop Loss | ₹398 |
| Potential Upside | 9-12% |
| Risk-Reward | Favorable in bull trend |
Pro tip: BEL's YTD gains are already 45%, but with export orders brewing, this isn't over yet. Defense stocks like BEL thrive on geopolitical buzz—perfect for short-term trades.
## KPR Mill: Textile Titan Spinning Gains Amid Export Boom
KPR Mill Ltd, Coimbatore's vertically integrated apparel powerhouse, is weaving a comeback story in the global fashion supply chain. From spinning yarn to stitching ready-to-wear for brands like Marks & Spencer and Walmart, KPR's got a foot in 50+ countries. Sustainability creds? Check—their eco-dyes and solar-powered mills make it a ESG darling.
The stock's up 9.2% in the last three months, shrugging off cotton volatility thanks to hedging smarts and a 15% revenue jump in Q2 FY26. Trading at a 186% premium to intrinsic value per some models, it's pricey but justified by 20%+ ROE and debt-free balance sheet. Recent analyst upgrades cite US-China trade shifts funneling orders to India.
**Shah's Take:** Scoop up KPR Mill in the ₹1,060-1,080 band, eyeing ₹1,244 (12-15% pop) with SL at ₹1,108. Why? Ascending triangle breakout on daily charts, backed by surging textile exports (up 8% YoY). In a weakening rupee world, KPR's dollar earners shine brighter.
| Parameter | Details |
|-----------|---------|
| Current Price (Nov 16) | ~₹1,070 |
| Buy Range | ₹1,060-1,080 |
| Target | ₹1,244 |
| Stop Loss | ₹1,108 |
| Potential Upside | 12-15% |
| Risk-Reward | Strong on volume confirmation |
Heads up: KPR's dipped 5% last week on profit-booking, but that's your entry window. With PLI scheme perks, this mill could spin higher into December.
## The Playbook: Why These Two for Monday?
Shah's "Gladiator Stocks" aren't lotto tickets—they're momentum machines with 3-month horizons, blending technical purity (RSI >60, MACD bulls) and fundamental fire (order wins, export edges). In a market where midcaps outpace benchmarks, BEL taps defense infra spend (₹6.2 lakh crore budget), while KPR rides apparel recovery. Combined upside? 10-13% if indices cooperate. But volatility's the name—use those SLs religiously.
For diversified dabblers, pair with Nifty calls or gold hedges. Long-term? Both scream compounding at 15-20% CAGR.
Ready to trade? Fire up your demat and watch openings closely. What's your Monday mover—BEL's boom or KPR's knit? Hit the comments!
*Disclaimer: Not financial advice. Markets are risky; consult a SEBI-registered advisor. Data as of Nov 16, 2025. Past performance ≠ future gains.*
