MarketSmith India, a stock research platform, has released its stock recommendations for February 2, 2026. MarketSmith India utilizes the CAN SLIM methodology developed by William J. O'Neil to identify promising investment opportunities. The CAN SLIM method focuses on factors such as current quarterly earnings, annual earnings growth, new products or services, supply and demand, leading stocks in leading industries, institutional sponsorship, and market direction.
While specific stock recommendations for February 2nd are highlighted by several sources, to access the detailed list and analysis, a premium subscription to MarketSmith India is generally required.
Market Conditions and Expert Opinions
The Indian stock market experienced a significant downturn on the same day, with the Sensex closing 1,546.84 points lower at 80,722.94, and the Nifty shedding 495.20 points to settle at 24,825.45, reflecting a decline of nearly 2%. Market breadth was negative, with 2,299 shares declining against 1,673 advancing. This market volatility underscores the importance of careful stock selection and risk management.
Stocks in Focus
Even with the downturn, certain stocks are being closely watched by analysts. * Bharat Electronics: This stock is showing a decrease in share price. * Eternal: This stock is showing a decrease in share price. * Tata Steel: This stock is showing a decrease in share price.
Raja Venkatraman, a market expert, has also shared his top stock picks for February 2nd.
Additional Stocks
Other stocks that have been mentioned in connection with MarketSmith India's analysis include GE T&D India and Indian Bank. According to reports from February 1, 2026:
- GE T&D India shares are trading near their 50-day moving average and above their 200-day moving average. MarketSmith India noted it is forming a base on the weekly chart and trading approximately 4% away from its pivot.
- Indian Bank reported operating revenue reflecting annual growth. MarketSmith India also noted it is forming a cup-with-handle base and is trading roughly 4% away from its pivot.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investment decisions should be made after thorough research and consultation with a qualified financial advisor. Market conditions are subject to change, and past performance is not indicative of future results.