HDFC Securities' 2 picks to make money in 10 days, know targets for short-term gain

The market enjoyed another outstanding week, concluding on May 24. The benchmark indexes achieved fresh all-time highs. The rise was fueled by higher-than-expected March quarter profits in key industries, ahead of the Lok Sabha election results on June 4.

Foreign portfolio investors (FPIs) have dramatically boosted their selling activity in Indian stock markets since May, with a total investment of Rs 22,046 crore.

Meanwhile, let's take a look at brokerage HDFC Securities' call on two stocks that it suggested buying for just 10 days.

Natco Pharma share price target

Natco Pharma shares closed at Rs 1,020.5 apiece on Friday, May 24. Brokerage has advised to buy the stock in the range of Rs 1,030 and add more in the range of Rs 1,010. If it falls below that, maintain strict stoploss at Rs 996, said HDFC Securities. The brokerage has given a target of Rs 1,083 for the next 10 days. This implies an upside of over 6 per cent from its current price.

This week the share made a high of Rs 1,037 and a low of Rs 992. The stock has given returns of more than 3 per cent this week, 5.03 per cent in two weeks, and 2.11 per cent in one month.

PNB Housing share price target

Shares of PNB Housing closed at Rs 794.6 each on Friday. The brokerage had advised to buy in the range of Rs 776 and if there is a fall, it had advised adding more in the range of Rs 760. At present it is slightly ahead of the recommended price. The target for the next 10 days is Rs 815 and stoploss is Rs 740. This implies an upside of around 2.6 per cent from its current price.

This stock's week high is Rs 814 and low is Rs 733. The stock has risen by 8 per cent this week, 7.4 per cent in two weeks and 2.3 per cent in one month.

The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.