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Over the past two weeks, shares of a major airline company have risen sharply, breaking key levels and trading above all moving averages. Analysts suggest buying on dips
One of the stocks, once at Rs 479, has declined and is now trading below all moving averages. (Representative/Shutterstock)
Brokerage firms YES Securities and Sharekhan have identified stocks poised for potential gains in the coming month, suggesting substantial profits for investors.
YES Securities has highlighted shares of InterGlobe Aviation (Indigo), RailTel Corporation of India, and KPIT Technologies as promising picks.
Over the past two weeks, Indigo shares have shown a significant rise, breaking through the Rs 6,000-6,020 level and now trading above all moving averages. Analysts advise buying if the stock dips to this level, with a potential increase to Rs 6,600. However, they recommend a stop loss below Rs 5,700 to mitigate risk.
For RailTel Corporation of India, YES Securities urges caution. The stock, once at Rs 479, has declined and is now trading below all moving averages. If it stabilises at Rs 340-342, it could reach Rs 370-375. However, a drop below Rs 340 may see it fall further to Rs 320.
Similarly, YES Securities advises caution with KPIT Technologies. If the stock surpasses Rs 1,300, it may climb to Rs 1,450. Conversely, a fall below Rs 1,180 could see it drop to Rs 1,080.
Meanwhile, Sharekhan, part of Mirae Asset, has identified Bajaj Auto and Titan as strong buys. They suggest purchasing Bajaj Auto shares within the Rs 8,573-Rs 8,500 range and adding more if prices drop to Rs 8,400. The target price is set between Rs 9,300 and Rs 9,800, offering a potential 14% return.
For Titan, Sharekhan recommends buying between Rs 3,470 and Rs 3,510, with additional purchases advised if prices fall to Rs 3,400. The target price ranges from Rs 3,750 to Rs 3,900, promising up to a 12% profit from current levels. However, a fall to Rs 3,300 could negate this potential rise.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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