Vedanta, Biocon, Deepak Nitrite: Axis Direct recommends buying 5 shares for 5-15 days
Axis Direct Top 5 Stocks: Equity benchmarks continued to trade higher on the weekly expiry day led by buying in metal and realty stocks. At the close, Sensex ended higher by 0.18 per cent or 141.34 points at 77,478.93, while Nifty ended firm by 0.22 per cent or 51 points at 23,567. Amid this, brokerage firm 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 firm has recommended five stocks including Biocon, Vedanta, Bata India, Deepak Nitrite, and Prestige Estates. These stocks can generate huge profit in the next 5-15 days.
Biocon E
The first stock picked by Axis Direct is Biocon. This stock is currently trading at Rs 342.8. The brokerage has given a target price of Rs 380 with a stop loss of Rs 333. The recommended entry price ranges from Rs 335 to Rs 342.
Target Price: Rs 380
Stop Loss: Rs 333
Vedanta EQ
The second stock picked by the brokerage firm is Vedanta, with a target price of Rs 485 and a stop loss of Rs 460. The recommended entry price is Rs 470.
Target Price: Rs 485
Stop Loss: Rs 460
Bata India EQ
The brokerage firm has a BUY recommendation on Bata India as well. The stock is currently trading at Rs 1467.25. The target price of the stock is Rs 1,541 with the stop loss of Rs 1,445. The recommended entry price ranges from Rs 1,455 to Rs 1,469.
Target Price: Rs 1,541
Stop Loss: Rs 1,445
Deepak Nitrite EQ
Axis Direct has given a BUY recommendation to Deepak Nitrite as well. The stock is currently trading at Rs 2605.25. The target price of the stock is Rs 2,740 with a stop loss of Rs 2,575.
Target Price: Rs 2,740
Stoploss: Rs 2,575
Prestige Estates EQ
Axis Direct also picked Prestige Estates. The brokerage has given a target price of Rs 2,130 for the stock with a stop loss of Rs 1,900. The recommended entry price ranges from Rs 1,920 to Rs 1,945.
Target Price: Rs 2,130
Stoploss: Rs 1,900