Stocks to buy: Axis Securities recommends buying these 3 stocks for up to 18% gains; check targets
The 30-share BSE Sensex fell 34.74 points, or 0.04 per cent, to 79,441.45 in a turbulent trading. During the day, it increased 379.68 points, or 0.47 per cent, to a record high of 79,855.87.
The equity benchmark indices Sensex and Nifty touched new record highs before finishing flat owing to profit-taking in key banking and telecom firms amid mixed global indications on Tuesday, July 2.
BSE Sensex today
The 30-share BSE Sensex fell 34.74 points, or 0.04 per cent, to 79,441.45 in a turbulent trading. During the day, it increased 379.68 points, or 0.47 per cent, to a record high of 79,855.87.
Nifty
The Nifty fell by 18.10 points, or 0.07 per cent, to 24,123.85. Intra-day, it rose 94.4 points, or 0.39 per cent, to a lifetime high of 24,236.35.
Axis Securities picks 3 stocks
Meanwhile, brokerage Axis Securities recommended buying three stocks for up to 18 per cent returns. The brokerage has chosen the stocks from a long-term perspective. These include CIE Automotive India, Westlife Foodworld Ltd, and J.Kumar Infraprojects. Let's take a look at these stock' target price.
CIE Automotive India share price target
The first stock chosen by the brokerage is CIE Automotive India. The brokerage has given a target of Rs 630 each. This implies an upside of around 5 per cent from its current price. Shares of CIE Automotive closed at Rs 600 each, up 2.3 per cent on BSE today, July 2.
Westlife Foodworld share price target
The second stock recommended by Axis Securities is Westlife Foodworld with a target price of Rs 980 each. This means the stock can give up to 18 per cent from its today's (July 2) closing price of Rs 828.9 each.
Share price target of J.Kumar Infraprojects
Axis Securities also suggests buying J.Kumar Infraprojects shares. The brokerage has given a target of Rs 920 each. The stock has an upside of over 5 per cent from its today's (July 2) closing price of Rs 874.90 each.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.