Japanese brokerage firm Nomura has maintained its reduce call on the stock with a target price at Rs 235 per share as it expects growth to continue to lag peers.
Brokerages have raised target price on HUL, Infosys and Avenue Supermarts,while maintained their rating post their Q2 numbers.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 625, target of Rs 650 and Adani Enterprises with a stop loss of Rs 150, target of Rs 165.
Traders should use any dip for creating fresh longs positions as long as we are trading above 11,250 in Nifty (spot).
Romesh Tiwari of CapitalAim feels IT majors like Infosys and TCS are robust and can provide comparatively-secured returns while returns on midcap IT will be more volatile
Here is a list of top seven stocks which could give 3-10% return in the next 3-4 weeks:
The primary trend of the Nifty is positive as the index is trading above its 200-Day SMA
Analysts had expected the stock to return 80-90 percent in the long term, but it was achieved on the debut day itself. They, however, feel that the stock will give consistent returns in the long run.
Ashwani Gujral of ashwanigujral.com recommends buying Voltas with a stop loss of Rs 672, target of Rs 695, Titan Company with a stop loss of Rs 1130, target of Rs 1165 and Tech Mahindra with a stop loss of Rs 718, target of Rs 742.
Buying on dips continues to be our preferred strategy. For the week, we expect Nifty to trade in the range of 11,600-11,100 with a positive bias.
We have a buy rating on ICICI Lombard General Insurance Company with a target price of Rs 1,450 per share.
We believe ICICI Bank is favourably positioned to deliver superior profitability and return ratios.
We have incorporated the latest numbers to our models for the company and continue to remain positive for the company.
IRCTC has a dominant market share of 72 percent in Railway E-Ticketing bookings.
Recent formation of Inverse Head & Shoulders classical pattern will give a breakout by trading only above Rs 113, suggests buying in the stock for higher targets of Rs 148.
Motilal Oswal is not assuming any benefits of the corporate tax reduction in Q2FY20 as many companies would have paid advance tax.
Experts feel Diwali 2019 to Diwali 2020 period could be an exciting phase for the markets, expecting the market to return 15-25 percent.
Prakash Gaba of prakashgaba.com recommends buying Divis Labs with target at Rs 1720 and stop loss at Rs 1640 and Torrent Pharma with target at Rs 1760 and stop loss at Rs 1650.
Going forward, 11,100 will act as immediate support for the Nifty, with 11,550 acting as next resistance, which is previous weeks high for the benchmark index
Morgan Stanley also has overweight rating on Lupin with a target price at Rs 1,003, implying 47 percent potential upside from current levels as it believes the share price will rise in absolute terms over the next 30 days.
Sudarshan Sukhani of s2analytics.com recommends buying Manappuram Finance with stop loss at Rs 134 and target of Rs 155 and Raymond with stop loss at Rs 580 and target of Rs 650.
Nifty should trade in the range of 11,000-11,400 levels over the next few weeks while Bank Nifty can gain positive momentum once it crosses the 200-day average placed at 28,870 levels.
We recommend buying Sudarshan Chemical Industries Limited (SUDARSCHEM) around Rs 370 levels with a stop loss of Rs 335 on closing basis for higher targets of Rs 425.
There is strong support around 11,000 for Nifty, and, if it breaks below that, the Nifty could test 10,850-10,800 levels, experts feel.
Sudarshan Sukhani of s2analytics.com recommends buying Divis Labs with stop loss of Rs 1600 and target of Rs 1750, Mindtree with stop loss at Rs 700 and target of Rs 760 and Zee Entertainment with stop loss at Rs 240 and target of Rs 270.