Stocks to buy for 2-3 days: Brokerage recommends this stock for potential profits; check targets

Stocks to Buy: Domestic stock markets initially started in the green on Friday, September 13, but quickly turned red due to profit booking. Despite a strong start, the markets shifted as profit-taking took hold. Amid this volatility, certain stocks are showing movement on technical charts. Brokerage firm Motilal Oswal has highlighted consumer electronics company Havells as a promising pick, advising a buy with a 2-3 day outlook.

Stock Market Today

Profit booking dominated the Indian stock market at the opening on Friday, with the market starting in the red despite positive signals. The Sensex and Nifty were trading flat, and the Bank Nifty fluctuated between green and red. Metal stocks experienced notable growth. The Sensex opened at 83,091, up by 129 points, while the Nifty opened at 25,430, up by 42 points.

Havells: Expected Earnings Growth in 2-3 Days

Motilal Oswal has selected Havells as a technical pick, recommending positional buying for the stock over the next 2-3 days. The target price is set at Rs 2,075. The stock closed at Rs 1,996 on September 12, 2024, suggesting a potential upside of approximately 4-5 per cent.

Havells: Stock Up 10% in 1 Month

In a volatile market, Havells saw a strong start on Friday, with the stock rising about 1 per cent to a new 52-week high. Over the past month, the stock has increased by 10 per cent. Over the last 6 months, it has delivered a 35 per cent return, with a 9 per cent return over the past 3 months. The stock has achieved a 42 per cent return over the past year and has risen 45 per cent so far in 2024. The 52-week high for the stock on the BSE is Rs 2,023.40, and the low is Rs 1,233.10. The company's market capitalization exceeds Rs 1.25 lakh crore.