The record rise in the stock market has come to a halt. Investors are quite tense amid this fall in the market. Meanwhile, brokerage houses HDFC Securities has released a report. In which HDFC Securities has a bullish view on two railway stocks. However, there has been a lot of correction in railway stocks in the recent past. But the brokerage feels that these stocks can perform well in the short term. HDFC Securities has advised investing with a view of 2 to 3 months. Along with this, the target price and stop loss for these stocks have also been told.
Rail Vikas Nigam Share
Government railway stock RVNL has been given a BUY rating by HDFC Securities. Buying is recommended in the stock with a two-month perspective. The target price has been given as Rs 700 per share. The stop loss has to be kept at Rs 555. On September 6, the stock closed at Rs 572, down 1.69%. From this price, the stock can rise by about 23 percent in the future. In the last one month, the stock has moved 1.10% whereas in 6 months it has moved 140.39%. In one year, the stock has jumped 271.67%.
RailTel Corporation of India Share
HDFC Securities has given a BUY rating on Railway PSU RailTel. It has recommended buying the stock with a two-month perspective. The target price is Rs 600 per share. The stop loss has been kept at Rs 465. On 6 September, the stock closed at Rs 484.75, down 1.75%. The stock can rise by 24 percent from the current price. In the last one month, the stock has moved 4.21%. And in the last 6 months, the stock has gained 14.87%. It has doubled the money of investors in one year.
(Disclaimer: Business Today Market does not recommend buying any stock. Please consult SEBI advisor before investing anywhere.)