After the Federal Reserve cut interest rates, the stock market made an all-time high for the second consecutive day on September 19. During trading, the Sensex touched 83,773 and the Nifty touched 25,611. Nifty also rose by 38 points, closing at 25,415. In this bullish market, HDFC Securities has selected some such stocks, where they see the possibility of strong returns. Let’s know which are these stocks?
HDFC Securities, a financial and broking service providing company, has selected 2 strong stocks for your portfolio for the next 3 months. A good rally is expected in these stocks.
Angel One
The brokerage has advised to buy the stock in the range of Rs 2627-2521 per share. For the next 3 months, the first target is Rs 2867 and the second is Rs 3150. Also, it is advisable to maintain a stoploss of Rs 2442. In the month of January, the stock made a lifetime high of Rs 3900. Currently, this stock is seen trading in the range of Rs 2500. So far this year, the stock has gone down by about 30%, while the one-year return has been 35 percent.
Sobha Ltd
The second choice of brokerage is the realty company. It is advisable to buy this stock in the range of Rs 1831-1780 per share. The first target is Rs 1959 and the second is Rs 2150. In case of a fall, keep a stoploss of Rs 1710. This stock is trading in the range of Rs 1860. On June 18, the stock made a high of Rs 2180. So far this year, the stock has given a return of 85 percent and 185 percent in one year.
(Disclaimer: (Business Today Bazaar is not advising you to invest in any stock. Please consult your SEBI advisor before investing.)