MOFSL picks PNB Housing, Mankind Pharma, L&T and 2 more stocks for up to 16% gains; check targets
Today, the 30-share BSE Sensex rose 611.90 points, or 0.75 per cent, to close at 81,698.11. During the day, it rose 738.06 points, or 0.91 per cent, to 81,824.27.
The Sensex and Nifty gained over 1 per cent on Monday, August 26 fuelling renewed expectations that the US Federal Reserve may begin reducing interest rates shortly.
Images: Pixabay, Pexels, Unsplash
30-share BSE Sensex
The 30-share BSE Sensex rose 611.90 points, or 0.75 per cent, to close at 81,698.11. During the day, it rose 738.06 points, or 0.91 per cent, to 81,824.27.
NSE Nifty
The NSE Nifty rose 187.45 points, or 0.76 per cent, to 25,010.60.
Biggest gainers today
HCL Technologies, NTPC, Bajaj Finserv, Tech Mahindra, Titan, Mahindra & Mahindra, Tata Steel, Larsen & Toubro and Tata Consultancy Services were the biggest gainers today among the 30 Sensex firms.
Biggest laggards today
IndusInd Bank, Maruti and Hindustan Unilever were among the laggards.
Rupee vs Dollar
In early trade on Monday, the rupee rose 10 paise to 83.80 versus the US dollar, boosted by the American currency's weakness in the outside market and foreign money inflows.
MOFSL picks 5 stocks
Meanwhile, Motilal Oswal Financial Service Ltd (MOFSL) has suggested buying five stocks for one year for up to 16% gains.
PNB Housing, Persistent, L&T, KEI Industries, Mankind Pharma stocks to buy
These stocks include PNB Housing, Persistent, L&T, KEI Industries, and Mankind Pharma.
PNB Housing
Share price target: Rs 1,015
Potential returns: up to 16% (from the last closing price)
Persistent Systems
Share price target: Rs 5,700
Potential returns: up to 14% (from the last closing price)
L&T
Share price target: Rs 4,150
Potential returns: up to 14% (from the last closing price)
KEI Industries
Share price target: Rs 5,230
Potential returns: up to 15% (from the last closing price)
Mankind Pharma
Share price target: Rs 2,650
Potential returns: up to 13% (from the 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.