Stocks to Buy for 15 Days: Axis Direct picks 5 stocks for up to 32% gains; check targets and other details
Stocks to Buy for Short-term: Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra, and Tata Steel were the major laggards during the early hours.
Sensex rose 60.88 points to 81,770 in early trade today, December 9 while Nifty advanced 23.10 points to 24,700.90. In Asian markets, Seoul, Hong Kong and Shanghai were trading in the negative territory, while Tokyo quoted higher.
Sensex and Nifty during early trade
The equity benchmark indexes Sensex and Nifty were volatile in early trade on Monday, with selling in blue chips such as Infosys and ICICI Bank after a negative trend in Asian markets.
Biggest laggards
Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra and Tata Steel were the major laggards during the early hours.
Major gainer
While Larsen & Toubro, Kotak Mahindra Bank, Tech Mahindra, Sun Pharmaceuticals, HDFC Bank and NTPC were among the major gainers.
Rupee vs Dollar
The rupee sank seven paise to 84.73 versus the US dollar in early trading on Monday, weighed down by foreign money outflows and a lacklustre trend in local stocks.
Axis Direct picks 5 stocks
Meanwhile, brokerage Axis Direct has picked five stocks for 15 days.
Stocks to buy for short-term
These stocks include Dilip Buildcon, Devyani International, Greaves Cotton, SJVN, and EIH.
Devyani International Share Price Target
The brokerage has given a target of Rs 192 each and stop loss is Rs 168. Investors can buy the stock in the range of Rs 170.40 - 172.20. This means the stock has an upside of 14 per cent from its last closing price on Friday, December 6.
Greaves Cotton Share Price Target
The brokerage has given a target of Rs 260 each and stop loss is Rs 196. Investors can buy the stock in the range of Rs 209. This means the stock has an upside of 31 per cent from its last closing price on Friday, December 6.
SJVN Share Price Target
Axis Direct also suggests buying SJVN shares for a target of Rs 160 each and stop loss of Rs 110. Investors can buy the stock in the range of Rs 124. This means the stock has an upside of around 32 per cent from its last closing price on Friday, December 6.
EIH Share Price Target
Axis Direct also suggests buying SIH shares for a target of Rs 415 each and stop loss of Rs 367. Investors can buy the stock in the range of Rs 376-379, according to the brokerage.
Dilip Buildcon Share Price Target
Axis Direct picks Dilip Buildcon shares for a target of Rs 569 each and stop loss of Rs 485. Investors can buy the stock in the range of Rs 501-506. This means the stock has an upside of around 15 per cent from its last closing price on Friday, December 6.