BHEL, Thermax, RCF among 5 stocks picked by Axis Direct for 5-15 days; check targets, stop losses
Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra, and Bajaj Finserv were the Sensex's worst performers.
The stock market benchmark indices Sensex and Nifty closed nearly flat on Monday, July 8 due to a lacklustre trading as investors decided to remain on the sidelines in the absence of any new catalyst.
BSE Sensex today
Weak indications from Asian markets contributed to the sluggish trend in local stocks. After a shaky start, the 30-share BSE Sensex fell 36.22 points, or 0.05 per cent, to 79,960.38.
NSE Nifty today
The NSE Nifty fell 3.30 points, or 0.01 per cent, to 24,320.55.
Sensex's worst performers today
Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra, and Bajaj Finserv were the Sensex's worst performers.
Axis Direct picks 5 stocks
Meanwhile, brokerage Axis Direct has suggested five stocks to buy for 5-15 days. Let's take a look at these stocks' target prices and stop losses.
BHEL share price target
Axis Direct suggests buying Bharat Heavy Electricals Limited (BHEL) from a short term perspective. The brokerage has given a target of Rs 358 and stop loss of Rs 315.5. The stock can give up to 10 per cent returns from its current price. On Monday, shares of BHEL closed at Rs 328.4 each, up 3.8 per cent on BSE.
Share price target of RCF
The next stock on the list is Rashtriya Chemicals & Fertilizers (RCF). The target is Rs 290 and stop loss is Rs 190. This means, the stock has an upside of up to 27 per cent from its current price. On Monday, RCF shares closed at Rs 228.4 each, up 12 per cent on BSE.
Thermax share price target
Axis Direct also suggests buying Thermax shares at a target price of Rs 6,440. The stop loss is at Rs 5,655 each. This means, shares have an upside of up to 14 per cent form its current price. On Monday, shares of Thermax closed at Rs 5,668.5 each, up almost one per cent on BSE.
Hemisphere Properties India share price target
Axis Direct suggests buying Hemisphere Properties India at a target of Rs 230. The stop loss is at Rs 203. The stock can give returns of up to 13 per cent from its current price. On Monday, shares of Hemisphere Properties closed at Rs 204.3 each, up 1.2 per cent on BSE.
CESC share price target
The fifth stock on the list is CESC. Axis Direct has suggested buying this stock for a target price of 230 and stop loss of Rs 162. The stock has a potential to provide up to 34 per cent from its current price. On Monday, shares of CESC closed at Rs 172.1 each, up 2.4 per cent on BSE.
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.