Hero MotoCorp, Balrampur Chini set for bumper gains in coming months? Brokerage says buy

Even though it is expecting a mediocre performance from the market in April, 2021, brokerage Anand Rathi has picked Balrampur Chini from midcap segment and Hero MotoCorp from large cap to give bumper returns in the coming months.

The brokerage firm in its monthly report Bazaar Bulletin says, "We expect a heavy return in Balarampur Chini with a time frame of 1-2 years". The shares of Balrampur Chini on Tuesday ended around two per cent higher at Rs 211.

The brokerage firm suggests investors to buy Balarampur Chini share in the range of Rs 210-214 apiece with a stop-loss of Rs 180 per share on closing basis for the upside potential target of Rs 250 followed by Rs 270 levels in coming 2-3 months.

As for the heavyweight Hero MotoCorp, the brokerage firm says the stock is going through a strong uptrend and the recent fall can be termed as a corrective move.

"The stock is hovering near its demand zone from where we have seen the stock rising higher. Also. it is quite near to its previous swing low of Rs 2732 per share, which makes the risk reward ratio more lucrative," the brokerage firm explains.

It advises traders to buy the stock in the range of Rs 2950-2900 apiece with stop-loss of Rs 2725 per share on closing basis for the upside potential target of Rs 3225 per equity followed by Rs 3325 per share levels in coming months.

Hero MotoCorp ended flat today, but in the green near half a per cent. The stock ended at Rs 2889 per share during today's session.