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Rajesh Palviya, Sharad Avasthi recommend buying 6 stocks for up to 71% returns; note down targets
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
Domestic equity benchmarks bounced back on Monday (June 16) after two days of losses. The Sensex rose by 677.6 points to close at 81,796.2, while the Nifty 50 ended 227.9 points higher at 24,946.5. Gains were led by financial, IT, energy, and metal stocks. However, auto stocks like Tata Motors came under pressure.
Amid this market trend, analysts Sharad Avasthi from SMIFS and Rajesh Palviya of Axis Securities have shared their latest stock recommendations.
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Largecap, midcap and smallcap stock recommendations
1/12They (analysts) have suggested stocks across largecap, midcap, and smallcap categories, covering sectors such as finance, healthcare, and IT.
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Stocks to buy for up to 71 per cent returns
2/12According to the analysts, these stocks could rise by up to 71 per cent over the next 1 to 12 months.
Here is the list of recommended stocks, along with their target prices and stop-loss levels:
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Largecap Stock Pick | Tata Tech shares
3/12Sharad Avasthi of SMIFS has recommended buying Tata Technologies shares for a long term of Rs 900 for the next 9-12 months.
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Tata Tech stock upside
4/12According to the given target, the IT stock could rise 20.22 per cent from Monday's closing.
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Smallcap Stock Pick | NELCO shares
5/12Axis Securities' Rajesh Palviya has recommended buying NELCO shares for a long-term target of Rs 1,350-1,400 with a stop loss at Rs 1,065.
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NELCO stock potential upside
6/12According to Palviya, the NELCO stock has the potential to rise 24 per cent in the next 12 months from Monday's closing.
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Positional Term Stock Picks: Fedbank Financial shares
7/12Avasthi has a 'buy' call on Fedbank Financial shares for a positional target of Rs 175.
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FedBank stock could rise to...
8/12The given target implies an upside of 51.64 per cent for the FedBank stock in the next 3-6 months.
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Pharma shares to buy for positional target
9/12For the positional term, Palviya has suggested buying Gland Pharma shares for a positional target of Rs 1,900-1,950 with a stop loss at Rs 1,680.
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Gland Pharma stock upside
10/12According to Palviya's given target, the pharma stock could give returns up to around 10 per cent in the next 3-6 months.
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Short-term Stock Pick | Sterling and Wilson Renewable Energy shares
11/12Sharad has recommended buying Sterling and Wilson Renewable Energy shares for short-term targets of Rs 500-550, implying returns up to 71.07 per cent in the next 1-3 months from Monday's closing.
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Shares to buy for short term: Aster DM Healthcare shares
12/12For the short-term horizon, the Axis Securities' analyst has handpicked Aster DM Healthcare for targets of Rs 640 and Rs 650 with a stop loss at Rs 560.
According to Palviya, the healthcare stock could rise up to 11.30 per cent in the next 1-3 months.
(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.)
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