Finolex Industries, IDFC First Bank, Zensar Technologies: HDFC Securities picks 5 stocks for up to 3 months | Know targets, stop losses
HDFC Securities Stock Picks: Domestic equity benchmarks Nifty50 and Sensex ended at fresh closing highs on Wednesday (June 26, 2024). Last seen, BSE Sensex climbed 620.73 points or 0.8 per cent to hit a new all-time closing high of 78,674.25, while the Nifty went up by 147.5 points or 0.62 per cent to hit a fresh record closing high of 23,868.8.
Ahead of the market opening on Thursday, brokerage HDFC Securities picked five stocks. These are - Finolex Industries, IDFC First Bank, BEML, Zensar Technologies and MOIL. It has given targets for these stocks for up to three months. Know brokerage ratings, target prices, and stop losses for these stocks.
Finolex Industries Limited (CMP Rs 333.60)
HDFC Securities has picked Finolex Industries Limited for a target of ten days. It has given a 'buy' rating on the company with a target price of Rs 354, a 6.12 per cent potential upside. The stop loss for the share is Rs 319.
IDFC First Bank Limited (CMP Rs 82.74)
The brokerage has picked the stock for a duration of two months. It has given a 'buy' call on the firm with a target price of Rs 97, a potential upside of 17.23 per cent, and a stop loss at Rs 77.5.
BEML Limited (CMP Rs 4529.25)
The brokerage has given three-month horizon to the company. It has given a 'buy' call on the firm with a target price of 5000, a potential upside of 10.39 per cent, and a stop loss at Rs 3880.
Zensar Technologies Ltd (CMP Rs 751.25)
The brokerage has a three-month horizon for the stock. It has given a Rs 795 target for the stock, a potential upside of 5.82 per cent, and a stop loss at Rs 635.
MOIL Limited (CMP Rs 694.55)
HDFC Securities has a two-month horizon for the stock. It has given a share price target of Rs 760, a 9.42 per cent potential upside, and a stop loss at Rs 615.