Stocks to Buy: RIL, Bharti Airtel, Asian Paints, Tata Consumer – SEPTEMBER SERIES shares for BIG GAINS – see full investment strategy here!

Stocks to Buy – RIL, Bharti Airtel, Asian Paints, Tata Consumer – Analyst Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking, was bullish on the aforesaid stocks. The stocks were among the top gainers on the Nifty 50 on the intraday basis. The stocks are expected to do well in the September series as markets gain from strength-to-strength. Jain recommends a HOLD on the stocks for these targets.  

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Stocks to Buy – RIL Share Price - The Reliance Industries Limited shares continue to trade with a lot of strength. At 12:40 pm on Tuesday, the shares were up by almost 1 per cent on the NSE and were trading at Rs 2448.95. The stock is a top recommendation for analyst Nilesh Jain. The stock hit its life high on Monday at Rs 2480. 

This stock has already achieved its target price of Rs 2300, which was previously estimated by Jain. The technical analyst has now revised its target in this stock and put it at Rs 2550. He said that the strength is very much there in this stock at present.   

His advice to existing investors to continue holding this stock and advised against any profit booking. Investors must retain this stock with a trailing stop loss of Rs 2350, he said.   

As for fresh investors, this is not the right time to make new positions as the stock has already experienced significant upward move on the back of successive rallies. The right levels to enter this stock is Rs 2400, Jain further said.   

The 52-week low for RIL Stock price is Rs 1830, which this stock hit on 29 June 2021.   

Stocks to Buy – Bharti Airtel Share Price – Another top stock recommended by Jain for September Series. This stock has hit a 52-week high of Rs 680.50 on Tuesday and was trading at Rs 676.45, up by over 3.3 per cent or Rs 21 from the last closing price on Monday. Jain recommends a buy on dips on this stock. He puts the target price between Rs 725-Rs 750. 

He puts the stop loss at Rs 640. He has a 3-4-week view on this stock. This stock has been on the move after a decisive breakout at levels of Rs 500. 

Stocks to Buy – Asian Paints share price – The shares of Asian Paints Limited were trading at Rs 3330, up by almost 0.4 per cent. This stock also hit a 52-week high today at Rs 3394 on the intraday basis. The short-term target price on this stock is Rs 3450 while the positional term target is Rs 3600, Jain said. He puts the stop loss at Rs 3200. Buy on Dips is recommended.  

Stocks to Buy - Tata Consumer share price – Tata Consumer Products Limited was one of the top gainers in the early morning trade but was trading almost flat with some negative bias towards the market closing time. The stock hit its 52-week high of Rs 889 on the intraday basis.  

Jain was positive about this stock and said that the target price could be between Rs 925-Rs 950. He puts a stop loss at Rs 840 and has a 1-month view on this Tata Consumer stock. 

He said that the FMCG stocks are doing well currently and will do well in the near term as well.