Trading ideas: 6 stocks that can give stellar returns in the short term
Chandan Taparia of Motilal Oswal Financial Services is positive on Ease My Trip with a target price of Rs 500.
Benchmark equity index BSE Sensex climbed over 250 points in early trade to scale the 58,000-level for the first time on Friday, led by gains in index majors Reliance Industries (RIL), Kotak Mahindra Bank and ICICI Bank amid a positive trend in global markets and sustained foreign fund inflows. Likewise, the broader NSE Nifty index crossed the 17,300-mark in the opening session. The 30-share Sensex was trading 250.75 points or 0.43% higher at 58,103.29, and Nifty advanced 67.65 points or 0.39% to record 17,301.80 in initial deals. Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.
Recommendations by: Nilesh Jain, Centrum Broking
Muthoot Finance | Buy | Stop loss: Rs 1,500 | Target price: Rs 1,570
Grindwell Norton | Buy | Stop loss: Rs 1,285 | Target price: Rs 1,360
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
Ease My Trip | Buy | Stop loss: Rs 468 | Target price: Rs 500
Dabur | Buy | Stop loss: Rs 625 | Target price: Rs 670
Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group
ICICI Prudential Life Insurance | Buy | Stop loss: Rs 659 | Target price: Rs 700
Concor | Buy | Stop loss: Rs 699 | Target price: Rs 810
(Disclaimer: Stocks recommendations by experts or brokerages are their own and not those of the website or its management. Money9.com advises market participants to check with certified experts before taking any buy, sell or hold decisions.)