Stocks to Buy for 3-4 Weeks: Axis Securities picks 3 stocks for up to 14% gains; check targets and stop losses
Stocks to Buy: In Asian markets, Seoul and Tokyo were trading higher while Shanghai and Hong Kong were quoting lower.
The BSE and NSE soared in early trade today, November 25. This is mainly because of the BJP's performance in Maharashtra winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory.
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Indian market during early hours
During early trade, the BSE benchmark Sensex jumped 1,289.89 points to 80,407 while NSE Nifty surged 405.25 points to 24,312.50.
Sensex and Nifty today
The Sensex was 1.50 per cent up at 80,305.77 at 12.08 PM while Nifty 50 was 1.63 per cent up at 24,295.80 around the same time.
Top gainers
Mahindra & Mahindra, Larsen & Toubro, State Bank of India, Reliance Industries, ICICI Bank and Bajaj Finance were the biggest gainers from 30-share Sensex pack.
Biggest losers
JSW Steel and Infosys were the biggest losers today in early trade.
Global markets
In Asian markets, Seoul and Tokyo were trading higher while Shanghai and Hong Kong were quoting lower.
US market last session
The US markets ended in positive territory on Friday.
Rupee vs Dollar
Rupee increased 6 paise to 84.35 against the US dollar in morning trade on Monday.
Axis Securities picks 3 stocks
Meanwhile, brokerage AAxis Securities picks 3 stockss suggested buying three stocks for 3-4 weeks. Let's take a look at their targets.
HCL Technologies share price target
The first stock in the list is HCL Technologies. The first target is Rs 1,985 and the second target is Rs 2,045. Stop loss is at Rs 1,813. This means the stock has a potential upside of around eight per cent from its last closing price on Friday, November 22.
Share price target of Swan Energy
The second stock in the list is Swan Energy. The first target is Rs 650 and the second target is Rs 670. Stop loss is at Rs 530. This means the stock has a potential upside of around 14 per cent from its last closing price on Friday, November 22.
UltraTech Cement share price target
Axis Securities also suggests buying shares of UltraTech Cement. The first target is Rs 11,900 and the second target is Rs 12,100. Stop loss is at Rs 19,685. This means the stock has a potential upside of around six per cent from its last closing price on Friday, November 22.
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.