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With banking stocks bolstering market optimism, the Indian stock markets continued their winning run for six days. The Reserve Bank of India's (RBI) efforts to increase liquidity on Tuesday improved investor sentiment.
Today, April 22, Sensex closed at 79,595.59, up 187.09 points, while the Nifty was up 41.70 points at 24,167.25.
Following the Reserve Bank of India's move to relax final Liquidity Coverage Ratio (LCR) standards, starting April 2026, Bank Nifty spearheaded the rally and jumped sharply.
Meanwhile, brokerage HDFC Securities has chosen five stocks for 60 days. These stocks include CARE Ratings, MRPL, Force Motors, RVNL and CDSL. According to the analysts, the stocks can provide up to 19 per cent potential returns. Let's take a look at their targets.
The brokerage has advised to buy the stock at Rs 1,210 per share and accumulate in the range of Rs 1,130 in case of a decline. For the next two months, a stop loss of Rs 1,105 has to be maintained. The first target is Rs 1,312 and the second is Rs 1,371.
Today, April 22, the Care Ratings shares closed at Rs 1,216.9 each. This means the stock has a potential upside of up to 13 per cent from its last closing price.
The second stock on the list is Mangalore Refinery and Petrochemicals Ltd (MRPL). The analysts have given a target of Rs 142 and advised accumulating in the range of Rs 133 in case of a decline. For the next two months, a stop loss of Rs 129 has to be maintained. The first target is Rs 154 and the second is Rs 170.
Today, April 22, the MRPL shares closed at Rs 143 each. This means the stock has a potential upside of up to 19 per cent from its last closing price.
Buying price: Rs 9,170 each
The brokerage advised accumulating in the range of Rs 8,824 in case of a decline. For the next two months, a stop loss of Rs 8,520 has to be maintained. The first target is Rs 9,895 and the second is Rs 10,590.
Today, April 22, the MRPL shares closed at Rs 9,110 each. This means the stock has a potential upside of up to 16 per cent from its last closing price.
Buying price: Rs 377 each
The brokerage advised accumulating in the range of Rs 358 in case of a decline. For the next one and a half months, a stop loss of Rs 352 has to be maintained. The first target is Rs 403 and the second is Rs 425.
Today, April 22, the RVNL shares closed at Rs 373.6 each. This means the stock has a potential upside of up to 14 per cent from its last closing price.
Buying price: Rs 1,290 each
The brokerage advised accumulating in the range of Rs 1,225 in case of a decline. For the next one and a half months, a stop loss of Rs 1,187 has to be maintained. The first target is Rs 1,420 and the second is Rs 1,535.
Today, April 22, the CDSL shares closed at Rs 1,310.5 each. This means the stock has a potential upside of up to 17 per cent from its last closing price.
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.