As Indian markets navigate a phase of caution and consolidation, expert stock picks can provide crucial direction for traders. Raja Venkatraman, Co-founder of NeoTrader, has identified three specific mid-cap stocks for consideration on 3 December 2025. His recommendations come against a backdrop of a market that closed in the red on the previous session, with the Sensex shedding 200 points to end at 85,450 and the Nifty slipping 75 points to 26,150.
Market Context: A Cautious Pause After Records
The trading session on 2 November 2025 saw broad-based selling pressure, tempered risk appetite, and a depreciating rupee, which touched an intraday low of 89.60 against the US dollar. This pullback marked a pause following recent record highs, with analysts pointing to foreign outflows and global interest rate uncertainties as key factors. The broader indices reflected the weakness, with the BSE Smallcap index declining around 0.5%.
From a technical perspective, the Nifty is experiencing profit booking, and the trend remains tentative. A decisive move above 26,200 (spot) is needed to renew bullish bias, while support is seen around the 25,900 level based on Open Interest data. In such an environment, a selective, stock-specific approach is advised.
Raja Venkatraman's Three Stock Recommendations
Focusing on actionable opportunities, Raja Venkatraman has shared his top three trading ideas for the day. Here is a detailed look at each pick, complete with entry levels, targets, and his rationale.
1. KEI Industries Ltd: A Premier Cable Manufacturer
KEI Industries is a leading Indian manufacturer of wires and cables with a significant global footprint. Venkatraman notes that after a recent dip, the stock has seen buying interest re-emerge, coinciding with renewed activity in the metal sector.
Key Details:
- Action: Buy above ₹4,190
- Stop Loss: ₹4,120
- Target: ₹4,350 (Multi-day trade)
- Current Market Price (CMP): ~₹4,184.30
- Key Metrics: P/E 50.71, 52-week high: ₹4,699
- Technical Levels: Support at ₹4,050, Resistance at ₹4,400
He advises going long, citing the stock's strong moves. Investors should be mindful of risks including raw material price volatility and potential project delays.
2. Tech Mahindra Ltd: IT Giant Showing Resilience
Tech Mahindra, a major Indian IT services player, is recommended as the IT sector holds firm. Venkatraman observes that the stock's upward move has resumed after a brief halt, with momentum gaining towards the previous close and the price finding support on the Kumo cloud.
Key Details:
- Action: Buy above ₹1,540
- Stop Loss: ₹1,520
- Target: ₹1,575 (Intraday trade)
- Current Market Price (CMP): ~₹1,536.70
- Key Metrics: P/E 38.28, 52-week high: ₹1,807.40
- Technical Levels: Support at ₹1,500, Resistance at ₹1,600
The recommendation is to go long. Key risks involve macroeconomic changes in key markets like the US and Europe, along with intense global competition.
3. Siemens Ltd: Engineering Major Poised for a Move
Siemens Ltd, the Indian flagship of the German conglomerate, is seen preparing for an upward move after a sharp decline. Venkatraman highlights a volume-supported recovery, with the Relative Strength Index (RSI) inching higher on intraday timeframes, indicating building buying interest.
Key Details:
- Action: Buy above ₹3,370
- Stop Loss: ₹3,330
- Target: ₹3,440 (Intraday trade)
- Current Market Price (CMP): ~₹3,361
- Key Metrics: P/E 74.46, 52-week high: ₹8,026
- Technical Levels: Support at ₹3,245, Resistance at ₹3,475
The call is to go long. Potential risks include general market volatility, regulatory changes, and concentration risks.
Final Outlook and Important Disclaimer
Raja Venkatraman's picks reflect a strategy to identify strength within specific sectors—cables, IT, and capital goods—amid a consolidating broader market. Traders are advised to track the mentioned levels closely and manage risk with the prescribed stop losses.
Disclaimer: Raja Venkatraman is a SEBI-registered research analyst (INH000016223). The views and recommendations are his own. Investments in securities are subject to market risks. Readers are advised to consult with certified experts before making any investment decisions. Registration with SEBI does not guarantee performance or assure returns.
