Polycab India, Prestige Estates, Mahindra Holiday: Axis Direct recommends buying these 5 stocks post-budget | Check targets
Axis Direct Top 5 Stocks Post-Budget: In Wednesday's session, domestic benchmark indices finished lower, a day after Finance Minister Nirmala Sitharaman presented the Union Budget. At the close, the Nifty ended lower by 0.27 per cent at 24,413.5 points, while the Bank Nifty tumbled and closed nearly 1 per cent as Budget failed to deliver any positive reforms for the space. 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 Polycab India, Coromandel Inter, Mahindra Holiday, Prestige Estates and Mrs Bectors. These stocks can generate huge profits in the next 5-15 days.
Polycab India EQ Share Price Target
The first stock picked by Axis Direct is Polycab India. This stock is currently trading at Rs 6322.25. The brokerage has given a target price of Rs 6,640 with a stop loss of Rs 6,171. The recommended entry price ranges from Rs 6,200 to Rs 6,255.
Target Price: Rs 6,640
Stop Loss: Rs 6,171
Coromandel Inter EQ Share Price Target
The second stock picked by the brokerage is Coromandel Inter, with a target price of Rs 1,822 and a stop loss of Rs 1,612. The recommended entry price ranges from Rs 1,618 to Rs 1,635.
Target Price: Rs 1,822
Stop Loss: Rs 1,612
Mahindra Holiday EQ Share Price Target
The brokerage firm has a BUY recommendation on Mahindra Holiday as well. The stock is currently trading at Rs 466.9. The target price of the stock is Rs 507 with a stop loss of Rs 447. The recommended entry price ranges from Rs 458 to Rs 462.
Target Price: Rs 507
Stop Loss: Rs 447
Prestige Estates EQ Share Price Target
Axis Direct has given a BUY recommendation to Prestige Estates as well. The stock is currently trading at Rs 1887.75. The target price of the stock is Rs 2,045 with a stop loss of Rs 1,785.
Target Price: Rs 2,045
Stoploss: Rs 1,785
Mrs Bectors EQ Share Price Target
Axis Direct also picked Mrs Bectors. The brokerage has given a target price of Rs 1,510 for the stock with a stop loss of Rs 1,386. The recommended entry price ranges from Rs 1,400 to Rs 1,417.
Target Price: Rs 1,510
Stoploss: Rs 1,386