Axis Direct has 'buy' calls on these 3 stocks for 15 days, note down targets
The stock market generated $1 trillion in only six months to join the elite $5 trillion club, defying the FII exit before the Lok Sabha election results on June 4.
The Indian stock market achieved a new high on Tuesday, May 21, surpassing $5 trillion in market capitalisation for the first time.
Stock market on May 21
The stock market generated $1 trillion in only six months to join the elite $5 trillion club, defying the FII exit before the Lok Sabha election results on June 4.
Rally in Indian stocks
Ongoing rally in the Indian stock markets helped in reaching this feat. Market capitalisation or market cap is the total value of a company's stock, derived by multiplying the stock price by the number of its outstanding shares.
US consumer inflation in April
This most likely sparked more stock purchases. Softer-than-expected US consumer inflation in April, a steady slowdown in inflation in India, and the earlier-than-normal arrival of the southwest monsoon in India mainly buoyed Indian stocks lately.
Axis Direct's calls
Meanwhile, let's take a look at brokerage Axis Direct's call on some stocks that it suggested buying for just 15 days.
Coal India share price target
Axis Direct has given a 'buy' rating on this stock with a target price of Rs 540, which is almost 10 per cent upside from the stock's closing price of Rs 490.8 on Tuesday, May 21. The brokerage suggests stoploss at Rs 465 each.
Cams Services share price target
The brokerage has given a 'buy' rating on Cams Services stock with a target price of Rs 3,770 which is an 11 per cent upside from the stock's closing price of Rs 3,392.5 on Tuesday, May 21.
Raymond share price target
Axis Direct has given a 'buy' rating on this stock with a target price of Rs 2,410 which is a 7 per cent upside from the stock's closing price of Rs 2,257.95 on Tuesday, May 21.
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consulting their investment advisers before making any financial decision.