Apollo Tyres, Bajaj Finserv, Hindalco Industries: Axis Direct recommends buying 5 shares for 5-15 days
Axis Direct Top 5 Stocks: In a volatile session in Tuesday’s trade, equities ended at record closing highs led by buying in private banks, financial services, and IT packs. At the close, the Sensex jumped 712.44 points or 0.92 per cent to settle at a record 78,053.52 after scaling an all-time high of 78,164.71. While NSE Nifty rallied 183.45 points or 0.78 per cent to settle at a record 23,721.3, after scaling a fresh all-time high of 23,754.15. Amid this, brokerage firm Axis Direct has recommended five stocks that can generate profits in 5 to 15 days.
Disclaimer: The views/suggestions/advices expressed here in this article are solely by brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.
Stocks to Buy: Axis Direct's pick
The brokerage firm has recommended five stocks including Apollo Tyres, Bajaj Finserv, Hindalco Industries, HDFC AMC, and Phoenix Mills. These stocks can generate huge profit in the next 5-15 days.
Apollo Tyres EQ
The first stock picked by Axis Direct is Apollo Tyres. This stock is currently trading at Rs 519.25. The brokerage has given a target price of Rs 530 with a stop loss of Rs 500. The recommended entry price is Rs 519.
Target Price: Rs 530
Stop Loss: Rs 530
Bajaj Finserv EQ
The second stock picked by the brokerage firm is Bajaj Finserv, with a target price of Rs 1,676 and a stop loss of Rs 1,580. The recommended entry price ranges from Rs 1,590 to Rs 1,604.
Target Price: Rs 1,676
Stop Loss: Rs 1,580
Hindalco Industries EQ
The brokerage firm has a BUY recommendation on Hindalco Industries as well. The stock is currently trading at Rs 685.5. The target price of the stock is Rs 720 with a stop loss of Rs 680. The recommended entry price ranges from Rs 682 to Rs 690.
Target Price: Rs 720
Stop Loss: Rs 680
HDFC AMC EQ
Axis Direct has given a BUY recommendation to HDFC AMC as well. The stock is currently trading at Rs 4113.6. The target price of the stock is Rs 4,200 with a stop loss of Rs 4,065.
Target Price: Rs 4,200
Stoploss: Rs 4,065
Phoenix Mills EQ
Axis Direct also picked Phoenix Mills. The brokerage has given a target price of Rs 4,100 for the stock with a stop loss of Rs 3,624. The recommended entry price ranges from Rs 3,681 to Rs 3,719.
Target Price: Rs 4,100
Stoploss: Rs 3,624