Axis Direct has 'buy' calls on these 3 stocks for 15 days, note down targets

Stock market on May 21

The stock market generated $1 trillion in only six months to join the elite $5 trillion club, defying the FII exit before the Lok Sabha election results on June 4.

Rally in Indian stocks

Ongoing rally in the Indian stock markets helped in reaching this feat. Market capitalisation or market cap is the total value of a company's stock, derived by multiplying the stock price by the number of its outstanding shares.

US consumer inflation in April

This most likely sparked more stock purchases. Softer-than-expected US consumer inflation in April, a steady slowdown in inflation in India, and the earlier-than-normal arrival of the southwest monsoon in India mainly buoyed Indian stocks lately. 

Axis Direct's calls

Meanwhile, let's take a look at brokerage Axis Direct's call on some stocks that it suggested buying for just 15 days.

Coal India share price target

Axis Direct has given a 'buy' rating on this stock with a target price of Rs 540, which is almost 10 per cent upside from the stock's closing price of Rs 490.8 on Tuesday, May 21. The brokerage suggests stoploss at Rs 465 each.

Cams Services share price target

The brokerage has given a 'buy' rating on Cams Services stock with a target price of Rs 3,770 which is an 11 per cent upside from the stock's closing price of Rs 3,392.5 on Tuesday, May 21.

Raymond share price target

Axis Direct has given a 'buy' rating on this stock with a target price of Rs 2,410 which is a 7 per cent upside from the stock's closing price of Rs 2,257.95 on Tuesday, May 21.

The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consulting their investment advisers before making any financial decision.