Bajaj twins at RECORD high! Planning to buy Bajaj Finserv, Bajaj Finance stocks? Check MONEY MAKING STRATEGY by expert

Stocks to Buy – Bajaj Finserv shares and Bajaj Finance – The Bajaj Group twin stocks are performing with great strength on the NSE on Tuesday. Investors in these stocks must know what the prospects are ahead for the two stocks. Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking, has useful tips for the investors planning to make a fresh move in these stocks. 

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Stocks to Buy – Bajaj Finserv shares – The stocks of Bajaj Finserv were trading at Rs 16,411.05 on NSE on Tuesday at 12:25 pm. They were up by almost 7.5 per cent or Rs 1139. Jain said that today’s rally is on the back of a Securities and Exchange Board of India (SEBI) nod to the company to set-up an Asset Management Company. The company today informed this by way of filling to exchanges. 

Jain said that the stocks have been in great momentum and have been going up over the last 4-5 trading sessions. He opines that the rally is likely to continue over the next 4-5 trading sessions. There will be a one-way rally, he said. He puts a target price of Rs 17,000 and Rs 17,500. 

He said that there could be some profit booking going forward, and this correction could be a great opportunity to enter the markets. The right levels to enter this stock is around Rs 15,500.  

The positional term target price on this stock is Rs 20,000. The stock has hit a 52-week high today at Rs 16,548.95. 

Stocks to Buy – Bajaj Finance shares – This is another stock which holds a lot of promise, Jain said. This stock was trading at Rs 7000 on the NSE around this time and shares were up over 3.7 per cent or Rs 247. This stock has also hit its 52-week high on Tuesday at Rs 7019. The positional term target price for this stock is Rs 8000. This is with 3-5 months view, Jain further said. He puts the stop loss at Rs 6100.