
Stocks To Buy: On Wednesday, the domestic stock market closed on a mixed note, as volatility kept benchmark indices in check. While the Sensex slipped 28 points to 75,939 (-0.04 per cent) and the Nifty lost 12 points to 22,933 (-0.05 per cent), certain segments of the market showed strong momentum, particularly banking and midcap stocks. Amid this, brokerage Axis Direct has recommended five stocks that could generate profits within one month.
The five stocks recommended by the brokerage are Gland Pharma, Hyundai Motor, Lincoln Pharma, Voltas, and Tata Consumer. These stocks can generate huge profits in the next 0-15 days.
The first stock picked by Axis Direct is Gland Pharma Ltd. This stock is currently trading at Rs 1499.55. The brokerage has given a target price of Rs 1,654 with a stop loss of Rs 1,442. The recommended entry price ranges from Rs 1,480 to Rs 1,495.
Target Price: Rs 1,654
Stop Loss: Rs 1,442
The second stock picked by Axis Direct is Lincoln Pharmaceuticals Ltd. This stock is currently trading at Rs 571.15. The brokerage has given a target price of Rs 629 with a stop loss of Rs 563. The recommended entry price ranges from Rs 572 to Rs 577.
Target Price: Rs 629
Stop Loss: Rs 563
The third stock picked by Axis Direct is Hyundai Motor India Ltd. This stock is currently trading at Rs 1875.95. The brokerage has given a target price of Rs 1,969 with a stop loss of Rs 1,813. The recommended entry price ranges from Rs 1,834 to Rs 1,852.
Target Price: Rs 1,969
Stop Loss: Rs 1,813
Axis Direct picked Voltas Ltd as well. The stock is currently trading at Rs 1284.1. The brokerage has recommended a target price of Rs 1,399 for the stock with a stop loss of Rs 1,227. The recommended entry price ranges from Rs 1,255.00 - 1,270.
Target Price: Rs 1,399
Stop Loss: Rs 1,227
Axis Direct also picked GMM Pfaudler Ltd. The stock is currently trading at Rs 1025.3. The brokerage has recommended a target price of Rs 1,099 for the stock with a stop loss of Rs 1,003. The recommended entry price ranges from Rs 1,016 to Rs 1,027.
Target Price: Rs 1,099
Stop Loss: Rs 1,003
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