New Delhi: Bajaj Broking Research has recommended investors to buy 2 stocks for better returns in the future. The brokerage firm has backed the share price of Coforge and Welspun Living to increase. For the convenience of the share market investors, the firm has provided Buying price, share price target and Stop Loss.
Buy rating on Coforge
Bajaj Broking Research advised market investors to Buy shares of Coforge in the range of Rs 7300-7400 per equity share. The brokerage projected the stock to rise 11 per cent in the next three months. It predicted the counter to rise to the levels of Rs 8200 and advised the shareholders to position the Stop Loss at Rs 6870.
Buying range: Rs 7300-7400
Target price: Rs 8200
Stop loss: Rs 6870
Estimated return: 11% (in 3 months)
Welspun Living share price target
Maintaining a Buy rating on Welspun Living, the brokerage firm said the stock can be purchased in the range of Rs 131-134. It estimated the scrip to rise by 11 per cent in the next three months. The shareholders are advised to set the target price at Rs 147 and safeguard the shares by keeping the Stop Loss at Rs 124 apiece.
Buying range: Rs 131-134
Target price: Rs 147
Stop loss: Rs 124
Estimated return: 11 per cent (3 months)
The Indian stock markets have been on the higher side in the last few days. The reasons for the upside movement are foreign fund inflows, weak US dollar, fall in global oil prices, trade talks between India and the United States of America, good performance of banks and some relief in inflation.
Banking sector booming
Bank Nifty has climbed 5,800 points or 11 percent in the last seven days. The reasons behind this are such as large purchases in banks, return of foreign investors, expectation of interest rate cuts. The Reserve Bank of India (RBI) relaxed banking rules. Bank Nifty has made a new record by breaking the 7-month range and is now expected to move towards 56,800. If it cannot go above 56,000, then there may be a slight decline, but its base will remain 54,000-54,400.
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Bajaj Broking Research maintained Buy rating on Coforge and Welspun Living shares. The brokerage provided share price target and Stop Loss data for both the stocks. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
