SBI Securities' Sudeep Shah suggests buying 3 stocks; check out long, short & positional targets

As Dalal Street ended on a positive note on Wednesday, January 15, 2025, the Sensex closed at 76,724.08, up 224.45 points, while the Nifty 50 rose 37.15 points to settle at 23,213.20. The rally was led by buying in financial, energy, and metal sector stocks, including NTPC, State Bank of India (SBI), HDFC Bank, and ICICI Bank. However, IT and FMCG sectors saw losses, with HCLTech and HUL among the top laggards.

Are you looking for investment ideas for your portfolio amid these market trends? In conversation with Zee Business Managing Editor Anil Singhvi, Sudeep Shah of SBI Securities recommended three 'buy' calls with a horizon of 1-12 months.

Shares to buy for Long Term: AstraZeneca Pharma Share Price Target

Shah recommends buying AstraZeneca Pharma India shares for long term targets of Rs 8,500 and Rs 9,000.

AstraZeneca Pharma is a portfolio stock and buy it on dips, he said. The given target for the company's stock implies a potential upside of 34.08 per cent from today's closing price. The stock fell 4.53 per cent from the previous close, apiece on the BSE.

Positional Stock Pick: Siyaram Silk Share Price Target

He suggests buying Siyaram Silk shares for targets of Rs 1,150 and Rs 1,175. The given target (1,175) implies a potential upside of 23.47 per cent as of today's CMP. He has suggested the Siyaram Silk stock with a stop loss at Rs 900 from a perspective of 3-6 months.

Shares to buy for Short Term: Borosil Renewables Share Price Target

Shah recommends buying Borosil Renewables shares for targets of Rs 640 and Rs 660. The stock could rise 13.61 per cent within 1-3 months, according to Shah.