new Delhi. Brokerage firm HDFC Securities has suggested two stocks to invest in for the next 3 months. The brokerage firm is bullish on both these stocks and both of them can give around 18 per cent returns in the next 3 months. This return is 10 times higher than the money kept in the bank, although there is also a risk on the capital deposited in the stock market.
One of the stocks recommended by brokerage house HDFC Securities is KPIT Technologies Ltd. and the other is Timken India Ltd. KPIT Tech has been recommended yesterday means February 28, while Timken India was recommended on February 25. After the market closed yesterday on Monday, the share of KPIT Technologies Ltd closed at Rs 568.50 and while the share of Timken India Ltd closed at Rs 2027.45.
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KPIT Tech Target and Stoploss
In its first technical call, the brokerage has given a buy advice to the share of KPIT Tech at Rs 568.50. Its target has been given 670 rupees. However, the firm has also given a stoploss of Rs 525 for this. HDFC Security expects it to go up by 17.85% in the next three months.
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Apart from this, HDFC Securities had on February 25 advised to buy shares of Timken India Limited. It was advised to buy it at Rs 2035, but at present the stock is standing at Rs 2027.45. That means Rs 12 has increased. For this, a target of Rs 2400 has been given, which is more than 18% from its recommended price. For this a stop loss of Rs 1840 has been given.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Tech for FTCP will not be responsible for any profit or loss caused by you .)
Tags: Money Making Tips, stock market, Stock tips
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