Railway PSU Stocks to Buy: Analysts pick 2 stocks for 5-15 days for up to 11% gains; check targets
brokerage firm Mirae Asset Sharekhan has suggested buying two railway PSU stocks for 5-15 days. Take a look at their target prices, buying range, and stop losses.
Indian stock market closed in green on Wednesday as investors awaited key US inflation data for further cues. Meanwhile, the Indian currency settled on a flat note higher by just 1 paisa at 84.84 against the US dollar amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor.
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Sensex & Nifty today
Sensex was up 16 points at 81,526 and Nifty was up 31 points at 24,641.
Stocks that closed in green, red and flat
On the Bombay Stock Exchange (BSE), 2143 shares closed in the green, 1,839 settled in the red and 113 shares closed without change.
Top gainers
Auto, IT, Fin Service, pharma, FMCG, metal, and realty were top gainers.
Top losers
PSU Bank, media, energy, and private banks were top laggards.
Rupee vs Dollar
The rupee settled for the day on a flat note higher by just 1 paisa at 84.84 against the US dollar on Wednesday.
Railway PSU Stocks to Buy
Meanwhile, brokerage firm Mirae Asset Sharekhan has suggested buying two railway PSU stocks for 5-15 days. Take a look at their target prices.
RVNL share price target
Analysts suggest buying RVNL shares for a target of Rs 502 and a second target of Rs 525. On Wednesday, the shares of RVNL closed at Rs 474.2 each. This means the stock has a potential upside of up to 11 per cent in 5-15 days.
RVNL buying range and stop loss
Buying range: Rs 480
Stop loss: Rs 455
IRCON share price target
Analysts suggest buying IRCON International shares for a target of Rs 240 and a second target of Rs 245. On Wednesday, the shares of RVNL closed at Rs 235.8 each. This means the stock has a potential upside of up to 4 per cent in five days.
IRCON buying range and stop loss
Buying range: Rs 232
Stop loss: Rs 225
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.