JM Financial's 3 picks may give up to 30% gains, check targets and stop losses
Brokerage JM Financial has picked three stocks Shree Renuka Sugar, India Cements, and IDFC First Bank from a short-term perspective.
Brokerage JM Financial has picked three stocks from a short-term perspective. These scrips include Shree Renuka Sugar, India Cements, and IDFC First Bank.
JM Financial's 3 picks
Let's take a look at target prices and stop losses shared by the brokerage firm.
Shree Renuka Sugars Share Price Target
This share is at the level of Rs 52. Recently this stock has given a big breakout above the level of Rs 46-47.
Share Price Target of Shree Renuka Sugars
The chart looks quite positive. Volume growth is good and it is trading above short-long term moving averages.
JM Financial target on Shree Renuka Sugars
The first target has been given at Rs 60 and the second at Rs 66. Buying is advised on any kind of decline. There seems to be room for upside up to 25-30 per cent.
Share price target of India Cements
This share is at the level of Rs 231. The stock has risen by 5 per cent this week and by 10 per cent in a month.
India Cements share price target
After a long consolidation, the stock has given a breakout this week with healthy volumes. It remains consistently above the long-term moving average.
JM Financial target on India Cements
The brokerage has given the first target of Rs 260 and the second target of Rs 275 for the next 1-3 months. This is almost 20 per cent upside from its current price. Stoploss has to be maintained at Rs 21
IDFC First Bank Share Price Target
For short-term investors, experts have chosen private sector IDFC First Bank. This share is at Rs 83 with a gain of 7 per cent this week.
IDFC First Bank fundamentals
The fundamentals of this bank are strong. Recently it has broken the multiple hurdle of Rs 81-82.
JM Financial target on IDFC First Bank
The first target of Rs 90 and the second target of Rs 93 have been given with a stop loss of Rs 79. The stock can given up to 12 per cent returns from its current price.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.