Oil India, Apollo Hospitals, Vedant Fashions: HDFC Securities picks 5 stocks for up to 3 months | Know targets, stop losses

Stocks to Buy: Domestic equities ended Tuesday's session on a weak note amid a drag in the financial services and metal stocks. Nifty at the close ended at 24,139, down 0.85 per cent or 208 points, while the Sensex slipped 0.87 per cent or 692.89 points to close at 78,956.03.

Ahead of the market opening on Wednesday, brokerage HDFC Securities picked five stocks. These are - Torrent Power, Glenmark Life Sciences, Apollo Hospitals, Vedant Fashions and Oil India. It has given targets for these stocks for up to three months. Know brokerage ratings, target prices, and stop losses for these stocks.

Torrent Power Ltd Share Target Price (CMP Rs 1716)

HDFC Securities has picked Torrent Power Ltd for a target of two months. It has given a 'buy' rating on the company with a target price of Rs 2057, a 19.87 per cent potential upside. The stop loss for the share is Rs 1669.
Target Price: Rs 2057
Stop Loss: Rs 1669

Glenmark Life Sciences Share Target Price (CMP Rs 1017.15)

The brokerage has picked the stock for a duration of three months. It has given a 'buy' call on the firm with a target price of Rs 1104, a potential upside of 8.54 per cent, and a stop loss at Rs 892.
Target Price: Rs 1104
Stop Loss: Rs 892

Apollo Hospitals Enterprises Ltd Share Target Price (CMP Rs 6588.95)

The brokerage has given a two-month horizon to the company. It has given a 'buy' call on the firm with a target price of Rs 7300, a potential upside of 10.79 per cent, and a stop loss at Rs 6300.
Target Price: Rs 7300
Stop Loss: Rs 6300

Vedant Fashions Ltd (CMP Rs 1122.35)

The brokerage has a three-month horizon for the stock. It has given a Rs 1270 target for the stock, a potential upside of 13.16 per cent, and a stop loss at Rs  999.
Target Price: Rs 1270
Stop Loss: Rs 999

Oil India Ltd (CMP Rs 688.5)

HDFC Securities has a two-month horizon for the stock. It has given a share price target of Rs 701, a 1.82 per cent potential upside, and a stop loss at Rs 567.
Target Price: Rs 701
Stop Loss: Rs 567

Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.