STOCKS TO BUY: The market started the week on a high note, with the Nifty jumping over 370 points to cross the 25,000 mark. This could be the start of a fresh rally, thanks to some good news; PM Modi’s promise of GST reforms by Diwali, India’s credit rating upgrade by S&P, and a softer stance from Trump on tariffs.
Axis Securities thinks if Nifty stays above 24,800, it could easily push up to 25,200 soon. They’ve picked three stocks for investors looking to hold for the next 3-4 weeks.
1. Eternal Ltd Share Price Target
Buy between Rs 315 and Rs 309
Targets at Rs 355 and Rs 367
Stop-loss at Rs 288
Currently trading near Rs 320
Potential return: 14 per cent to 18 per cent
Eternal is close to its 52-week high and has already gained around 5 per cent in the last two weeks.
2. HBL Engineering Share Price Target
Buy between Rs 740 and Rs 726
Targets at Rs 840 and Rs 873
Stop-loss at Rs 679
Currently around Rs 766
Potential return: 15 per cent to 19 per cent
This stock has gained nicely recently — up 12 per cent last week and 26 per cent in two weeks — and could climb even more.
3. Paytm Share Price Target
Buy between Rs 1,125 and Rs 1,103
Targets at Rs 1,244 and Rs 1,285
Stop-loss at Rs 1,049
Currently trading near Rs 1,160
Potential return: 12 per cent to 15 per cent
Paytm’s also bouncing back, with a 7 per cent gain in the last two weeks.
What to Keep in Mind
If Nifty holds above 24,800, there’s good chance the market keeps moving up. With positive triggers lined up and the market coming off oversold levels, it’s a good time to watch these stocks closely.
Disclaimer: These stock recommendation are given by brokerages; pls consult your financial advisor before investing.
