Stocks to buy: Axis Direct picks Lux Industries, Rupa & Co, Uflex and 2 more stocks for 5-15 days; check targets
At 1.09 PM, Sensex was at 81,510.34, up 181.49 points or 0.22 per cent, and Nifty was up 49.75 points or 0.20 per cent at 24,886.55.
Indian stock market indexes started higher on Monday, July 29 tracking the worldwide surge.
On the National Stock Exchange, the Nifty 50 index began at 24,943.30, up 108.45 points (0.44 per cent), while the BSE Sensex rose 346.93 points (0.43 per cent) to 81,679.65 points. The NSE's major market indexes, including the Nifty Midcap, Nifty Small Cap, and Nifty Next 50, all opened in green.
Sensex and Nifty today
At 1.09 PM, Sensex was at 81,510.34, up 181.49 points or 0.22 per cent, and Nifty was up 49.75 points or 0.20 per cent at 24,886.55.
Axis Direct recommended buying 5 stocks
Meanwhile, brokerage Axis Direct recommended buying five stocks for 5-5 days for up to 23 per cent returns. Let's take a look at their targets and stop losses.
Lux Industries share price target
The brokerage has suggested buying Lux Industries's stocks for a target of Rs 2,400. The entry range is Rs 2,056- 2,095. This means the stock has an upside of up to 21 per cent from its last closing price of Rs 2,120.8.
What is share price target of Rupa & Co?
The next stock in the list is Rupa & Company. Axis Direct has given a target of Rs 350 and a stop loss at Rs 296. The entry price range is Rs 302-310. The stock has a potential upside of up to 23 per cent from its last closing price of Rs 285.3.
E.I.D.-PARRY stock price target
The brokerage also suggests buying E.I.D.-PARRY stocks for a target of Rs 893. This means the stock has an upside of up to 15 per cent from its last closing price. Stop loss is at Rs 787.
Share price target of Uflex
The next stock on the list is Uflex. The brokerage has set a target of Rs 606. This means, it can provide returns of up to 18 per cent returns from its last closing price.
Inox Green Energy share price target
The last stock on the list is Inox Green Energy Services. The target is Rs 189 and the stop loss is Rs 169. The analysts see a potential upside of up to 11 per cent from its last closing price.
Disclaimer: 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.