Stocks To Buy: Axis Direct recommends buying SBI Life Insurance, Glenmark Pharma, 4 other stocks for 2 weeks; check targets
Axis Direct Stocks To Buy: Ahead of the market opening on Monday, Axis Direct picked six stocks that can generate profits in 0 to 15 days. These are SBI Life Insurance, Glenmark Pharma, and four others. Check targets, other details -
Axis Direct Stocks To Buy: On Friday's session, domestic equity benchmarks rallied, supported by gains in auto and financial stocks, as market participants looked past global concerns. Amid this, brokerage Axis Direct has recommended six stocks that could generate profits.
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.
Stock Market Update
At closing, the BSE Sensex gained 250 points, or 0.59 per cent, to 78,945, while the Nifty 50 advanced 0.61 per cent to settle at 23,897.
Stocks to Buy: Axis Direct's Pick
The six stocks recommended by the brokerage are EMS, Ipca Laboratories, Trent, Man Infra, SBI Life Insurance, and Glenmark Pharma. These stocks can generate huge profits in the next 0-15 days.
EMS EQ Share Price Target (0-15 Days)
The first stock picked by Axis Direct is EMS Ltd. This stock is currently trading at Rs 860.95. The brokerage has given a target price of Rs 965 with a stop loss of Rs 860. The recommended entry price ranges from Rs 870 to Rs 880.
Target Price: Rs 965
Stop Loss: Rs 860
Ipca Laboratories EQ Share Price Target (0-15 Days)
The second stock picked by the brokerage is Ipca Laboratories Ltd, with a target price of Rs 1,713 and a stop loss of Rs 1,585. The recommended entry price ranges from Rs 1,601 to Rs 1,617.
Target Price: Rs 1,713
Stop Loss: Rs 1,585
Trent EQ Share Price Target (0-15 Days)
The third stock picked by Axis Direct is Trent Ltd. This stock is currently trading at Rs 7063.7. The brokerage has given a target price of Rs 7,647 with a stop loss of Rs 6,995. The recommended entry price ranges from Rs 7,070 to Rs 7,158.
Target Price: Rs 7,647
Stop Loss: Rs 6,995
Man Infra EQ Share Price Target (5-15 Days)
Axis Direct also picked Man Infraconstruction Ltd. The stock is currently trading at Rs 244.22. The brokerage has recommended a target price of Rs 277 for the stock with a stop loss of Rs 241.50. The recommended entry price ranges from Rs 245 to Rs 248.
Target Price: Rs 277
Stop Loss: Rs 241.50
SBI Life Insurance EQ Share Price Target (0-15 Days)
Axis Direct has given a BUY recommendation to SBI Life Insurance Company Ltd as well. The stock is currently trading at Rs 1409.05. The target price of the stock is Rs 1,513 with a stop loss of Rs 1,385. The recommended entry price ranges from Rs 1,403 to Rs 1,417.
Target Price: Rs 1,513
Stop Loss: Rs 1,385
Glenmark Pharma EQ Share Price Target (0-15 Days)
Axis Direct also picked Glenmark Pharmaceuticals Ltd. The stock is currently trading at Rs 1541.45. The brokerage has recommended a target price of Rs 1,663 for the stock with a stop loss of Rs 1,539. The recommended entry price ranges from Rs 1,555 to Rs 1,570.
Target Price: Rs 1,663
Stop Loss: Rs 1,539