Stocks to buy for 5-15 days: Axis Direct picks these 5 scrips for up to 17% gains, check targets
On Friday, The 30-share BSE Sensex achieved a new all-time high of 81,587.76 in the first trading but failed to maintain the winning momentum, falling 738.81 points, or 0.91 percent, to 80,604.65. The BSE benchmark surpassed 81,000 for the first time on Thursday. The NSE Nifty fell 269.95 points, or 1.09 per cent, to 24,530.90 after reaching a new record high of 24,854.80 after the opening bell.
The equity benchmark indexes Sensex and Nifty fell on Friday, July 19, as investors sought to book gains following four days of record-breaking rise and negative global market trends.
The 30-share BSE Sensex
On Friday, the 30-share BSE Sensex achieved a new all-time high of 81,587.76 in the first trading but failed to maintain the winning momentum, falling 738.81 points, or 0.91 percent, to 80,604.65.
The BSE benchmark
The BSE benchmark surpassed 81,000 for the first time on Thursday.
NSE Nifty
The NSE Nifty fell 269.95 points, or 1.09 per cent, to 24,530.90 after reaching a new record high of 24,854.80 after the opening bell.
Axis Direct recommends 5 stocks
Meanwhile, brokerage Axis Direct has recommended buying these five stocks for up to 17 per cent gains. Let's take a look at these stocks:
The current price of the stock is Rs 2,936.6. This means the scrip has a potential upside of up to eight per cent.
TeamLease Services share price target
The first stock on the list is TeamLease Services. The brokerage has given a target of Rs 3,150. The entry price range is Rs 2,880-2,910. The stop loss is Rs 2,840.
Castrol India
Axis Direct also suggests buying Castrol India for a target of Rs 279. The stop loss is Rs 248 and the entry price is Rs 251.50-254.65.
Currently, the shares of Castrol are trading at Rs 247.1 each. This means the scrip can provide up to 13 per cent returns from its last closing price.
Navin Fluorine International
The next stock picked by Axis Direct is Navin Fluorine. The target is Rs 3,935, the stop loss is Rs 3,555 and the entry price range is Rs 3,614-3,650.
The stock last traded at Rs 3,543.8 each. This means it can give returns of up to 11 per cent from the current price.
Avanti Feeds
Axis Direct also recommends buying Avanti Feeds shares for a target of Rs 710. The stop loss is Rs 606 and the entry price range is Rs 626-32.
The current price of the shares is Rs 609.3 each. The shares have an upside of up to 17 per cent from its last trading price.
LIC Housing Finance
The last stock on the list is LIC Housing Finance. The brokerage has given a target of Rs 879. The stop loss is at Rs 774 and share price entry range is Rs 781-789. This means the stock can provide up to 14 per cent returns from its current price.
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.