Brokerage firm Anand Rati has announced two stocks as this month's recommended stocks, recommending traders to buy these stocks with the expectation of sufficient upside over a one-month period. The brokerage has placed buy calls on Mahindra & Mahindra Financial Services and Sooraj Estate Developers.
According to the brokerage's technical analysis, these stocks can rise by about 12% to 15% in a one-month period. We recommend buying these stocks at the current market price while applying a stop loss.
Also read: Stocks to buy: Maruti Suzuki, M&M, TVS Motor ranked among the top in the auto sector by HDFC Securities.
M&M Financial Services | Purchase | TP: INR333
M&M Financial Services on the weekly chart shows a massive breakout.Stock price has made a range breakout INRThe $280-$285 level was last week's high, according to brokerage firm Anand Rati.
We advise traders to go long the stock with a stop loss. INRTarget price is 265 INRThis represents an increase of more than 13% from Friday's closing price. The period is 1 month.
Mahindra & Mahindra Financial Services had reported better-than-expected December quarter profit on improved net interest margin (NIM) and lower provisions.
Non-bank financial companies were reporting net profits on their own. INRNet interest income (NII) for the third quarter of 2024 was $553 million. INR181.5 billion. The company's net interest margin (NIM) was 6.8%.
Also read: Stock Market Strategy: Emkay Global adds SBI, ONGC, TVS Motor;HDFC Bank reduces exposure to ITC in model portfolio
Suraj Estate Developer | Purchase | TP: INR396
Suraj Estate Developers stock has undergone a significant correction and is currently hovering around it. INR348, closely aligned with previous support INR345. Currently, it sits above the William Alligator indicator, indicating a positive trend, and the hourly stochastics indicate a hidden bullish divergence, suggesting an attractive opportunity. Anand Rati pointed out.
Therefore, we advise traders and investors to consider long positions in this counter within the following range: INR340-350.The recommended target for this trade is INR396, set stop loss INR318 on a daily closing price basis.
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Disclaimer: The views and recommendations above are those of individual analysts or brokerages and not of Mint. We recommend checking with a certified professional before making any investment decisions.
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