Stock to Buy for 15-20 Days: Analysts pick Zomato, Godrej Properties and 3 more shares for up to 10% gains; check out target prices
Tata Motors, Power Grid, NTPC, JSW Steel, ICICI Bank, L&T, Bajaj Finance, HDFC Bank, Axis Bank and SBI were the top losers today while TCS, Sun Pharma, Tech Mahindra, HCL Tech, M&M, ITC and Infosys were the top gainers.
India stock market closed in red on Wednesday, December 18 due to weak global cues as market sentiment remained cautious ahead of the key US Fed meeting. The Sensex ended at 80,182.20 points, down 502.25 points or 0.62 per cent, while the Nifty closed at 24,198.85 points, declining by 137.15 points or 0.56 per cent.
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US Fed meeting on Thursday
US Fed Chair Jerome Powell is set to release the policy statement late on Thursday (US time) during the Federal Open Market Committee (FOMC) meeting.
Rupee vs dollar
The rupee fell 3 paise to close at an all-time low of 84.94 against the US dollar today.
Nifty Smallcap 100 index
Meanwhile, the Nifty Smallcap 100 index ended at 19,230.35 after dropping 168.10 points or 0.87 per cent.
Heavy selling in these sectors
Heavy selling was seen in the media, PSE, PSU Bank, financial service, metal, private bank and commodities sectors of the Nifty at the end of trading today.
Shares ended in green and red today
On BSE today, 1,447 shares ended in green and 2,558 in red, whereas there was no change in 94 shares.
Top losers
Tata Motors, Power Grid, NTPC, JSW Steel, ICICI Bank, L&T, Bajaj Finance, HDFC Bank, Axis Bank and SBI were the top losers.
Top gainers
While TCS, Sun Pharma, Tech Mahindra, HCL Tech, M&M, ITC and Infosys were the top gainers.
Stocks to buy for short-term
Brokerage Mirae Asset Sharekhan has picked five stocks for up to 20 days for investors who are looking for gains before new year 2025. Take a look at their targets and stop losses:
Zomato share price target
The number one stock in the list is Zomato. The first target is Rs 311 and the second target is Rs 320. Stop loss should be kept at Rs 292 and buying level can be Rs 301.35. This means the stock can provide estimated returns of up to 10 per cent from its today's (December 18) closing price of Rs 291.90 each.
United Spirits share price target
The brokerage has also chosen United Spirits shares for a target price of Rs 1,599 each and a second target of Rs 1,640 each. The buying level can be Rs 1,552. This means the stock can provide estimated returns of over 4 per cent from its today's (December 18) closing price of Rs 1,576 each.
Share price target of Godrej Properties
Analysts have also suggested buying Godrej properties stock. The first target is Rs 3,020 and the second target is Rs 3,050. Stop loss should be at Rs 2,840 and buying level can be Rs 2,930.05. This means the stock can provide estimated returns of up to 2 per cent from its today's (December 18) closing price of Rs 3000.75 each.
Swan Energy share price target
The brokerage has also chosen Swan Energy shares for a target price of Rs 827 each and a second target of Rs 855 each. The buying level can be Rs 801.7. This means the stock can provide estimated returns of over 9 per cent from its today's (December 18) closing price of Rs 782.05 each.
HEG share price target
The fifth stock in the list is HEG. The buying level can be Rs 569.9 each. Stop loss can be kept is at Rs 561.85. The analysts have given first target of Rs 590 and a second target of Rs 605. This means the stock can provide estimated returns of over 8 per cent from its today's (December 18) closing price of Rs 558 each.
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.