The Dalal Street snapped its losing streak during early trades on Monday as the bulls outdid the bears. The BSE Sensex added 231.29 points or 0.40% and closed at 57593.49 points, while the NSE Nifty gained 69.00 points or 0.40% and closed at 17222.00 points. India VIX was in the red, showing a good sign.
Axis direct has given a buy call on the following stocks for positional trading, amid the changes in the market today:
1. Sterlite Technologies Limited
Sterlite Technologies Limited is an Indian multinational company that has over 636 patents and is active in more than 150 countries. It is a technology company listed both on the NSE and the BSE. On March 21, 2022, when it was trading at ₹201.30 per share, axis direct had given a buy call with a target of ₹222 per share in 5 to 15 days. The brokerage has given one more target.
- Current Price: ₹ 232.85
- Entry Price Range: ₹ 225.00 – 230.00
- Stop Loss: ₹ 222.50
- Target: ₹ 257.00
- Duration: 5 to 15 days
- Upside: 10.37%
2. Metro Brands Limited
The company was previously known as Metro Shoes. It is a multi-brand footwear chain in India that operates from 598 metro showrooms in 136 cities in India.
- Current Price: ₹ 594.35
- Entry Price Range: ₹ 582.00 – 588.00
- Stop Loss: ₹ 573.00
- Target: ₹ 633.00
- Duration: 5 to 15 days
- Upside: 6.50%
3. Uflex Ltd
It is India’s largest flexible packaging company and a global leader in polymer sciences. They assist their customers by offering world-class packaging solutions that preserve freshness and extend the shelf-life of food and other packed products.
- Current Price: ₹ 595.65
- Entry Price Range: ₹ 583.50 – 588.50
- Stop Loss: ₹ 578.00
- Target: ₹ 625.00
- Duration: 5 to 15 days
- Upside: 4.92%
4. Bank of Baroda Limited
It is the fourth largest Indian nationalized banking and financial services company with 132 million customers and a global presence of 100 overseas offices. It is ranked 1145 on the Forbes Global 2000 list.
- Current Price: ₹ 111.95
- Entry Price Range: ₹ 109.00 – 110.00
- Stop Loss: ₹ 107.00
- Target: ₹ 119.00
- Duration: 5 to 15 days
- Upside: 6.30%
5. NMDC Limited
It is a mineral producer that is under the ownership of the Ministry of Steel, Government of India. It is India’s largest iron ore producer and exporter and is involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite and so on.
- Current Price: ₹ 161.4
- Entry Price Range: ₹ 158.00 – 160.00
- Stop Loss: ₹ 157.50
- Target: ₹ 167.00
- Duration: 5 to 15 days
- Upside: 3.47
6. Mahindra Holidays & Resorts India Limited
It is a part of the Mahindra Group and is an Indian Hospitality company that provides holidays on a timeshare basis. Club Mahindra is its flagship brand and vacation ownership is its key offering.
- Current Price: ₹ 232.35
- Entry Price Range: ₹ 234.00 – 238.00
- Stop Loss: ₹ 231.00
- Target: ₹ 265.00
- Duration: 5 to 15 days
- Upside: 14.05%
7. Canara Bank Limited
It is the third-largest Nationalized bank in India, under the ownership of the Ministry of Finance, Government of India. It has numerous branches in India and overseas.
- Current Price: ₹ 228.7
- Entry Price Range: ₹ 224.00 – 228.00
- Stop Loss: ₹ 222.00
- Target: ₹ 248.00
- Duration: 5 to 15 days
- Upside: 8.44%
8. Kolte-Patil Developers Limited
It is a small-cap company that operates in the real estate sector. Its key revenue segments include Income from the sale of Shops & Plots, Commercial Flats, Project Management Fees and Other Operating Revenue for the year ending 31-Mar-2021.
- Current Price: ₹ 283.35
- Entry Price Range: ₹ 286.00 – 288.00
- Stop Loss: ₹ 280.00
- Target: ₹ 312.00
- Duration: 5 to 15 days
- Upside: 9.18%
9. Interglobe Aviation Limited
It is operating as IndiGo, an Indian low-cost airline. It has a 53.5% market share as of October 2021. The company went public only in November 2015.
- Current Price: ₹ 1964.3
- Entry Price: ₹ 1,972.00
- Stop Loss: ₹ 1,948.00
- Target: ₹ 2,032.00
- Duration: 5 to 15 days
- Upside: 3.45%
Disclaimer
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