L&T Technology, Jyothy Labs, GSK: Axis Direct recommends buying these 5 stocks after Budget | Check targets
Axis Direct Top 5 Stocks after Budget Announcement: In Tuesday's session, domestic benchmark indices ended on a subdued note after Finance Minister Nirmala Sitharaman presented the Union Budget. At the close, the Nifty index settled at 24,479.05, while the BSE Sensex fell by 73.04 points. Amid this, brokerage 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 has recommended five stocks including Jyothy Labs, TTK Prestige, L&T Technology, GSK, and Avanti Feeds. These stocks can generate huge profits in the next 5-15 days.
Jyothy Labs EQ
The first stock picked by Axis Direct is Jyothy Labs. This stock is currently trading at Rs 503.4. The brokerage has given a target price of Rs 557 with a stop loss of Rs 489. The recommended entry price ranges from Rs 501 to Rs 506.
Target Price: Rs 557
Stop Loss: Rs 489
TTK Prestige EQ
The second stock picked by the brokerage is TTK Prestige, with a target price of Rs 1,010 and a stop loss of Rs 887. The recommended entry price ranges from Rs 901 to Rs 910.50.
Target Price: Rs 1,010
Stop Loss: Rs 887
L&T Technology EQ
The brokerage firm has a BUY recommendation on L&T Technology as well. The stock is currently trading at Rs 5123. The target price of the stock is Rs 5,370 with a stop loss of Rs 4,990. The recommended entry price ranges from Rs 5,035 to Rs 5,085.
Target Price: Rs 5,370
Stop Loss: Rs 4,990
Glaxosmithkline Pharmaceuticals EQ
Axis Direct has given a BUY recommendation to GSK Ltd as well. The stock is currently trading at Rs 2689.65. The target price of the stock is Rs 3,020 with a stop loss of Rs 2,620.
Target Price: Rs 3,020
Stoploss: Rs 2,620
Avanti Feeds EQ
Axis Direct also picked Avanti Feeds. The brokerage has given a target price of Rs 669 for the stock with a stop loss of Rs 613. The recommended entry price ranges from Rs 621 to Rs 627.
Target Price: Rs 669
Stoploss: Rs 613