Shares To Buy For Short-term: Analysts recommend 5 largecap, 2 midcap stocks; Britannia, Dr Reddy's, TCS on the list
Stocks To Buy: Brokerage Axis Direct picked seven stocks that can generate profits in 0 to 15 days. These are Britannia, Dr Reddy's, TCS, and four more. Check out targets -
Stocks To Buy: On Monday (May 12), benchmark indices staged a powerful rebound as a ceasefire announcement between India and Pakistan eased geopolitical jitters and reignited investor optimism. The BSE Sensex surged 2,975 points to close at 82,596, while the Nifty 50 rallied 733 points to end at 24,925, reclaiming crucial psychological levels. Amid this, brokerage Axis Direct has recommended seven stocks that could generate profits in the next 5 to 15 days. Check out targets, other details -
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.
Stocks to Buy: Axis Direct's Pick
The seven stocks recommended by the brokerage are Britannia Industries, Ashok Leyland, Manappuram Finance, Indus Towers, GE Shipping Company, Dr Reddy's Labs, and TCS.
Britannia Industries EQ Share Price Target (5-15 Days)
The first stock picked by Axis Direct is Britannia Industries Ltd. This stock is currently trading at Rs 5608.5. The brokerage has given a target price of Rs 5,800 with a stop loss of Rs 5,430. The recommended entry price ranges from Rs 5,500 to Rs 5,563.
Britannia Industries EQ Share Price Target (5-15 Days)
Target Price: Rs 5,800
Stop Loss: Rs 5,430
Ashok Leyland EQ Share Price Target (0-15 Days)
The second stock picked by Axis Direct is Ashok Leyland Ltd. This stock is currently trading at Rs 231.28. The brokerage has given a target price of Rs 250 with a stop loss of Rs 222. The recommended entry price ranges from Rs 227 to Rs 231.
Ashok Leyland EQ Share Price Target (0-15 Days)
Target Price: Rs 250
Stop Loss: Rs 222
Manappuram Finance EQ Share Price Target (0-15 Days)
The third stock picked by Axis Direct is Manappuram Finance Ltd. This stock is currently trading at Rs 230.73. The brokerage has given a target price of Rs 245 with a stop loss of Rs 227. The recommended entry price ranges from Rs 229 to Rs 231.50.
Manappuram Finance EQ Share Price Target (0-15 Days)
Target Price: Rs 245
Stop Loss: Rs 227
Indus Towers EQ Share Price Target (0-15 Days)
The next stock picked by Axis Direct is Indus Towers Ltd. It is currently trading at Rs 397.4. The brokerage has given a target price of Rs 426 with a stop loss of Rs 390. The recommended entry price ranges from Rs 396 to Rs 399.
Indus Towers EQ Share Price Target (0-15 Days)
Target Price: Rs 426
Stop Loss: Rs 390
GE Shipping Co EQ Share Price Target (0-15 Days)
Axis Direct also picked Great Eastern Shipping Company Ltd stock, which is currently trading at Rs 912.8. The brokerage has given a target price of Rs 978 with a stop loss of Rs 875. The recommended entry price ranges from Rs 885 to Rs 892.
GE Shipping Co EQ Share Price Target (0-15 Days)
Target Price: Rs 978
Stop Loss: Rs 875
Dr Reddy's Labs EQ Share Price Target (0-15 Days)
The next stock picked by Axis Direct is Dr Reddy's Laboratories Ltd. This stock is currently trading at Rs 1195.6. The brokerage has given a target price of Rs 1,256 with a stop loss of Rs 1,160. The recommended entry price ranges from Rs 1,170 to Rs 1,184.
Dr Reddy's Labs EQ Share Price Target (0-15 Days)
Target Price: Rs 1,256
Stop Loss: Rs 1,160
TCS EQ Share Price Target (0-15 Days)
Axis Direct also picked Tata Consultancy Services Ltd stock. It is currently trading at Rs 3620.4. The brokerage has given a target price of Rs 3,735 with a stop loss of Rs 3,475. The recommended entry price ranges from Rs 3,500 to Rs 3,540.
TCS EQ Share Price Target (0-15 Days)
Target Price: Rs 3,735
Stop Loss: Rs 3,475