Stocks to buy for 5-15 days: Coal India, BSE, ICICI Bank and 2 other stocks to buy for up to 12% gains; check details
The 30-share BSE Sensex rose for the fourth consecutive day, finishing 33.02 points, or 0.04 percent higher, at 81,086.21.
The benchmark Sensex and Nifty crept higher in tumultuous trade on Friday, August 23 boosted by buying in blue-chip stocks like ICICI Bank and Bharti Airtel despite mixed global trends ahead of the US Federal Reserve chair's address at the Jackson Hole Symposium.
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30-share BSE Sensex today
The 30-share BSE Sensex rose for the fourth consecutive day, finishing 33.02 points, or 0.04 percent higher, at 81,086.21.
Indian stock market during early trade
In early trading, the benchmark fell by 169.93 points, or 0.20 per cent, to 80,883.26. Later, it recovered 178.3 points, or 0.21 per cent, to reach a high of 81,231.49 before giving up gains towards the conclusion.
Rupee vs Dollar
The rupee traded in a narrow range and settled higher by 4 paise at 83.89 against the American currency on Friday.
Jyoti CNC Auto, ICICI Bank, Coal India, Dolat Algotech, BSE stocks to buy
Meanwhile, brokerage Axis Direct has picked five stocks for 5-15 days. These include Jyoti CNC Auto, ICICI Bank, Coal India, Dolat Algotech, and BSE.
Jyoti CNC Auto, ICICI Bank, Coal India, Dolat Algotech, BSE share price targets
Let's look at these stocks' target prices and stop losses. The expected returns are calculated from their last closing price on August 23.
1- ICICI Bank
Target price: Rs 1,240
Stop loss: Rs 1,190
Entry range: Rs 1,203
Last closing price (August 23): Rs 1,203.6
Potential upside: 3%
2- Coal India
Target price: Rs 555
Stop loss: Rs 532
Entry range: Rs 539
Last closing price (August 23): Rs 538.6
Potential upside: 3%
3- Dolat Algotech
Target price: Rs 190
Stop loss: Rs 163
Entry range: Rs 167-170
Last closing price (August 23): Rs 169.1
Potential upside: 12%
4- BSE
Target price: Rs 3,050
Stop loss: Rs 2,685
Entry range: Rs 2,730-2,780
Last closing price (August 23): Rs 2,745.9
Potential upside: 11%
5- Jyoti CNC Auto
Target price: Rs 1,310
Stop loss: Rs 1,235
Entry range: Rs 1,262
Last closing price (August 23): Rs 1,264
Potential upside: 4%
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.