Manappuram Finance, Vedant Fashions, Alkem Lab: Axis Direct recommends buying 5 shares for 5-15 days
Axis Securities Top 5 Stocks: Domestic equity benchmarks jumped to fresh record highs on Tuesday amid a broad-based rally led by financial, IT and energy shares, as investors returned to trade after a long weekend. Amid this, brokerage firm Axis Direct has recommended five stocks that can generate profits in 5 to 15 days.
Stocks to Buy: Axis Direct's pick
The brokerage firm has recommended five stocks including Manappuram Finance, Alkem Lab, Mangalam Cement, Vedant Fashions and Ramkrishna Forgings. These stocks can generate huge profit in the next 5-15 days.
Manappuram Fin. EQ
The first stock picked by Axis Direct is Manappuram Finance. This stock is currently trading at Rs 191.85. The brokerage has given a target price of Rs 198 with the stop loss of Rs 187. The recommended entry price is Rs 192.
Target Price: Rs 198
Stop Loss: Rs 187
Alkem Lab EQ
The second stock picked by the brokerage firm is Alkem Lab, with a target price of Rs 5,300 and a stop loss of Rs 5,130. The recommended entry price is Rs 5,207.
Target Price: Rs 5,300
Stop Loss: Rs 5,130
Mangalam Cement EQ
The brokerage firm has a BUY recommendation on Mangalam Cement as well. The stock is currently trading at Rs 919. The target price of the stock is Rs 1,045 with the stop loss of Rs 885. The recommended entry price ranges from Rs 916 to Rs 925.
Target Price: Rs 1,045
Stop Loss: Rs 885
Ramkrishna Forg. EQ
Axis Direct also picked Ramkrishna Forgings. The brokerage has given a target price of Rs 864 for the stock with a stop loss of Rs 748. The recommended entry price ranges from Rs 770 to Rs 777.
Target Price: Rs 864
Stoploss: Rs 748
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.