Stocks to Buy for 10 Days: HDFC Securities picks PSU bank, Hindalco, Deepak Fertilizers and 2 more stocks; check targets
Stocks to Buy for Short-term: HDFC Securities picked five stocks for 10 days. These include Deepak Fertilizers, Hindalco, National Fertilizers, Sumitomo Chemical, and Bank of Maharashtra. Let's take a look at their targets.
Equity benchmark indices rebounded on Wednesday, November 27 driven by a sharp rally in Adani group stocks and fresh foreign fund inflows.
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Indian markets in early trade today
Nifty started at 24,204.80, up 10.30 points, and Sensex at 80,121.03, up by about 122 points.
Top gainers
Coal India, Adani Enterprises, Mahindra and Mahindra, Adani Ports, and Kotak Banks were top gainers in early trade today.
Top losers during early trade
While IndusInd Bank, Cipla, Tata Consumer Products, Bharti Airtel, and UltraTech Cement were the major losers today.
Nifty and Sensex today
The BSE benchmark Sensex climbed 230.02 points or 0.29 per cent to settle at 80,234.08. NSE Nifty rose 80.40 points or 0.33 per cent to 24,274.90.
Rupee vs dollar
The rupee declined sharply by 15 paise to close at 84.44 (provisional) against the US dollar on Wednesday.
Stocks to buy for 10 days
Meanwhile, HDFC Securities picked five stocks for 10 days. These include Deepak Fertilizers, Hindalco, National Fertilizers, Sumitomo Chemical, and Bank of Maharashtra. Let's take a look at their targets.
National Fertilizers Share Price Target
The brokerage has given a target of Rs 122. This means the stock can provide up to five per cent returns in 10 days from its last closing price on Tuesday, November 27.
Sumitomo Chemical Share Price Target
Analysts suggest buying Sumitomo Chemical stock for a target of Rs 580. This means the stock can provide up to seven per cent returns in 10 days from its last closing price on Tuesday, November 27.
Hindalco Share Price Target
Analysts suggest buying Hindalco stock for a first target of Rs 690 and a second target of Rs 708. This means the stock can provide up to six per cent returns in 10 days from its last closing price on Tuesday, November 27.
Bank of Maharashtra Share Price Target
The brokerage has given a target of Rs 59. This means the stock can provide up to seven per cent returns in 10 days from its last closing price on Tuesday, November 27.
Deepak Fertilizers & Petrochemicals Corporation Share Price Target
The brokerage has given a target of Rs 1,430. This means the stock can provide up to nine per cent returns in 10 days from its last closing price on Tuesday, November 27.
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.