Stocks to Buy for Short Term: Analysts pick Lupin and 2 other stocks for up to 16% gains; check out targets
At around 11:45 AM, Sensex was trading at 78,946.95, up 0.31 per cent or 247.9 points, while the Nifty was trading at 23,862.05, increased 0.22 per cent or 51.95 points.
Benchmark indices Sensex and Nifty opened lower on Monday, December 30 due to weak trends in global markets. The selling was seen in sectors like FMCG, media, energy, IT and others.
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Sensex and Nifty
At around 11:45 AM, Sensex was trading at 78,946.95, up 0.31 per cent or 247.9 points, while the Nifty was trading at 23,862.05, increased 0.22 per cent or 51.95 points.
Rupee vs Dollar
The rupee dropped 5 paise to 85.53 against the US dollar in early trade on Monday, as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities dented investor sentiments.
Stocks to buy for short-term
Meanwhile, brokerage Axis Direct has picked three stocks to buy for 3-4 weeks. According to analysts, these stocks can provide up to 16 per cent gains.
Camlin Fine Sciences share price target
The analysts have given a first target of Rs 147 and a second target of Rs 153. This means the stock has a potential upside of up to 16 per cent from its last closing price of Rs 131.9 on Friday, December 27.
Camlin Fine Sciences' 52-week high and low
The stock's 52-week high is Rs 139.50 and the 52-week low is Rs 80.
Lupin share price target
The brokerage has given a first target of Rs 2,342 and a second target of Rs 2,385 for Lupin stock. This means the stock can provide up to seven per cent returns in 3-4 weeks calculated from its last closing price of Rs 2228 on Friday, December 27.
Lupin's 52-week high and low
The stock's 52-week high is Rs 2,312 and the 52-week low is Rs 1,307.7.
Man Infraconstruction share price target
The analysts also suggest buying shares of Man Infraconstruction for 3-4 weeks. The first target is Rs 279 and the second target is Rs 289. This means the stock has a potential upside of up to 13 per cent from its last closing price of Rs 255.4 on Friday, December 27.
Man Infra's 52-week high and low
The stock's 52-week high is Rs 262.5 and the 52-week low is Rs 165.05.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.