Sharekhan picks Tata Motors, Finolex Cables, Britannia and 2 other stocks for up to 30% gains; check targets
During early trading hours, the 30-share BSE Sensex fell 138.58 points, or 0.17 per cent, to 80,664.28. The NSE Nifty ended its four-day gain, falling 15.20 points to 24,683.65.
Equity benchmark indexes Sensex and Nifty fell in early trade on Wednesday, August 21 due to continued foreign money outflows, negative Asian market trends, and selling in banking companies.
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Indian stock market- early trading hours
During early trading hours, the 30-share BSE Sensex fell 138.58 points, or 0.17 per cent, to 80,664.28. The NSE Nifty ended its four-day gain, falling 15.20 points to 24,683.65.
Sensex and Nifty
At 12.54 PM IST, the Sensex was 0.054 per cent up at 80,759.33 while Nifty 50 was 0.10 per cent up at 24,724.55.
Stocks to buy
Meanwhile, brokerage Sharekhan has picked Tata Motors, Finolex Cables, Britannia, DEE Development Engineers, and Vinati Organics stocks for one year. Let's check these stocks' target prices and stop losses.
Finolex Cables share price target
The first stock chosen by Sharekhan is Finolex Cables. The target price is Rs 1,650. On Tuesday, the shares of Finolex closed at Rs 1,461.9 each. This means the stock can provide up to 13 per cent returns from its last closing price.
Vinati Organics share price target
Sharekhan has also given a 'buy' rating on Vinati Organics stock. The target is Rs 2,243. On Tuesday, the shares of Vinati Organics closed at Rs 1,988.3 each. This means the stock can provide up to 13 per cent returns from its last closing price.
Share price target of DEE Development Engineers
The next stock in the list is DEE Development Engineers. Sharekhan has given a target of Rs 450. On Tuesday, the shares of DEE Development closed at Rs 347.8 each. This means the stock can provide up to 29 per cent returns from its last closing price.
Britannia Industries share price target
Sharekhan has also recommended buying Britannia Industries stock for a target of Rs 6,570. On Tuesday, the shares of Britannia Industries closed at Rs 5,767.95 each. This means the stock can provide up to 14 per cent returns from its last closing price.
What is Tata Motors' share price target?
The brokerage has given a target of Rs 1,235 on Tata Motors stock. On Tuesday, the shares of Tata Motors closed at Rs 1,086.8 each. This means the stock can provide up to 14 per cent returns from its last closing price.
Disclaimer: 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.