ICICI Bank, Dixon Tech, Bajaj Finance: MOFSL picks 3 stocks for this week; note down target prices and stop losses
Among the BSE Sensex stocks, heavyweights like Titan, Tata Consultancy Services, Infosys, Hindustan Unilever, NTPC, Bharti Airtel, Adani Ports, UltraTech Cement, Tech Mahindra, and JSW Steel were the main losers on Monday. In contrast, Bajaj Finance, IndusInd Bank, Power Grid, Axis Bank, and Mahindra & Mahindra provided some relief.
MOFSL Picks 3 Stocks For This Week: Leading Indian indices, BSE Sensex and Nifty 50, ended the first session of the week on Monday (December 16, 2024) on a poor note as both slipped noticeably. Weak global cues and the US Federal Reserve's interest rate decision due later this week were considered the main reasons behind investors' cautious stance during the trading session. Amid such a market scenario, brokerage firm Motilal Oswal (MOFSL) has picked 3 stocks for this week.
(Disclaimer: Here the advice to invest in stocks has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.)
Indices performance
The BSE Sensex slid 384.55 points or 0.47 per cent to close at 81,748.57, after slipping as much as 581.84 points intraday to hit 81,551.28.
Nifty 50 slips
On the other hand, the Nifty 50 also dropped 100.05 points or 0.40 per cent, ending the trading session at 24,668.25.
Top gainers
In contrast, Bajaj Finance, IndusInd Bank, Power Grid, Axis Bank, and Mahindra & Mahindra provided some relief.
Top losers
Among the BSE Sensex stocks, heavyweights like Titan, Tata Consultancy Services, Infosys, Hindustan Unilever, NTPC, Bharti Airtel, Adani Ports, UltraTech Cement, Tech Mahindra, and JSW Steel were the main losers.
Motilal Oswal stocks
Amid such market conditions, Motilal Oswal's 3 stocks for the week are- Dixon Technologies, ICICI Bank, and Bajaj Finance.
Dixon Technologies share price target
The brokerage house has advised buying Dixon Technologies with a target price of Rs 19,560.
Dixon Technologies stop loss
The stop loss for Dixon Tech is Rs 18,267. On December 16, the stock closed at Rs 18,832.10. At this price, the stock can see a 3.86 per cent upside.
ICICI Bank share price target
Motilal Oswal has advised buying ICICI Bank with a target price of Rs 1,420 per share.
ICICI Bank stop loss
The stop loss for the stock is Rs 1,310. On December 16, the stock closed at Rs 1,345.55. At this price, the stock can see a 5.53 per cent upside.
Bajaj Finance share price target
Motilal Oswal has given a buy recommendation on Bajaj Finance. The target price for the stock is Rs 7,600 per share.
Bajaj Finance stop loss
The stop loss is Rs 7,000. The stock closed at Rs 7,207.90 on December 16. At this price, the stock may see an upside of 5.40 per cent.