Stock Recommendations for Short Term
Indian equity indices closed on a positive note on September 26, 2018. Owing to positive comments from China on a trade deal with the United States boosted the investor sentiment.
The benchmark index Nifty 50 advanced 131 points or 1.15%, closed at 11,571.20. Sensex rose 396 points or 1.03%, settled at 38, 989.74. Bank Nifty surged over 1.41%, ended at 30,002.60. In NSE, 41 stocks out of 50 advanced, while 9 stocks declined. In BSE, 23 stocks out of 30 advanced, 7 stocks declined.
Market Experts recommended the following stocks during an interview to CNBC-TV18. They feel the following stock recommendations would give good returns.
Bajaj Finance is a buy call with a target price in the range of Rs 4070 and up to Rs 4087. While the stop loss should be placed at Rs 3968
Tata Steel is a buy call with a target of Rs 387 and a stop loss below Rs 373
HPCL is a buy call with a target price in the range of Rs 317 and up to Rs 321. While the stop loss should be placed below Rs 296
Ashok Leyland is a buy call with a target of Rs 77 and a stop loss of Rs 70. Traders should buy the stock around Rs 72.5
Cholamandalam Investment is a buy call with a target of Rs 326 and a stop loss of Rs 303
Divis Labs is a buy call with a target of Rs 1730 and a stop loss of Rs 1649
Reliance Infra is a sell call with a target of Rs 32 and a stop loss of Rs 36.25
Coal India is a buy call with a target of Rs 220 and a stop loss of Rs 199
M&M Financial Services is a buy call with a target of Rs 370 and a stop loss of Rs 344
Grasim Industries is a buy call with a target of Rs 765 and a stop loss of Rs 730
Vedanta is a buy call with a target of Rs 175 and a stop loss of Rs 160
Disclaimer: The perspectives and investment tips given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.