Trading ideas: four stock recommendations for December 10
Axis Securities is bullish on Aurobindo Pharma with a price target of Rs 740 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 23 points at the opening bell. Meanwhile, Swiss brokerage Credit Suisse reportedly expects the economy to continue to show positive surprises and record up to 9% growth in the next fiscal. For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5%, and printing in at around 10.5%. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
BHEL | Buy | Stop loss: Rs 62 | Price target: Rs 69
Century Textiles | Buy | Stop loss: Rs 818 | Price target: Rs 860
Recommendations by: Rajesh Palviya, Axis Securities
United Spirits | Buy | Stop loss: Rs 910 | Price target: Rs 960
Aurobindo Pharma | Buy | Stop loss: Rs 690 | Price target: Rs 740
(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.)