Stocks To Buy This Week: Idea, Vedanta, Tata Motors, To Reliance | Check Target Price

Stocks To Buy This Week: The Indian stock market had a highly volatile session last week as geopolitical factors, and developments around the Goods and Service Tax drove investors sentiment throughout the five trading sessions. The recent remarks by the US Fed Chair Jerome Powel signalling a rate cut in the coming months may also impact the stock market sentiment next week.

The Indian stock market ended in red this week as Nifty and Sensex pared losses. Despite reclaiming the 25,000 mark, Nifty 50 lost 93.65 points and ended at 24,870 points. Whereas, BSE Sensex fell by 693 points to end at 81,306 points. As we prepare to enter the next week, here are the five stocks investors can buy for long-term gains.

Stocks To Buy This Week

A host of factors are likely to favour the growth of stocks like Vedanta, Idea, Dabur, Reliance, etc, according to Anuj Gupta of HDFC Securities. He highlights that the market can take support from developments around GST reforms and expectation of cutting in interest rates. Here is the full information about his stock picks for the week and the buying opportunities in these stocks.

Vedanta | Target Price

Vedanta shares closed 0.56% lower at Rs 444.3 per share with a market capitalisation of Rs 1,73,738.54 crore on Friday, August 22. The stock had touched an intraday high mark of Rs 453.95 per share and an intraday low mark of Rs 443.80 per share. The expert points that investors "can buy this stock with the stoploss of 424 for the target of 470 levels. Breakout seen on the charts coupled with substantial volumes which indicates positive trend."

Idea Target Price

Vodafone Idea shares rallied around 7.77% and were trading at Rs 7.07 per share on BSE with a market capitalisation of Rs 76,598.53. The stock has an return on equity (RoE) of 29.07%. The stock witnessed a sharp surge in its valuation during the past five trading sessions on the back of AGR relief measure by PMO.

"We are expecting it may rise further as it is trading at oversold zone. Expecting shore covering in the stock and also noticed substantial volumes in the stock. One can buy this stock with the stoploss of 5.50 for the target of 9 levels," noted Gupta.

Dabur Share Target Price

Dabur shares closed 0.21% lower at Rs 515.90 per share on BSE with a market capitalisation of Rs 91,504.68 crore. The stock had touched an intraday high mark of Rs520.05 per share and an intraday low mark of Rs 514.75 per share. According to expert, "One can buy this stock with the stock loss of 480 for the target of 580 levels."

Tata Motors Target Price

Tata Motors shares closed 0.76% lower at Rs 680.25 per share on BSE with a market capitalisation of Rs 2,50,448.35. The stock had touched an intraday high mark of Rs 691.50 per share and an intraday low mark of Rs 678.50 per share. One can buy with the stoploss of 645 for the target of 740 levels, according to Gupta.

Reliance Industries Limited | Target Price

Reliance Industries shares closed 1.08% lower at Rs 1,409 per share on BSE with a market capitalisation of Rs 19,07,131.37 crore. The stock had touched an intraday high mark of Rs 1423.60 per share and an intraday low mark of Rs 1408 per share.

"We are expecting further rise in the stock. One can buy with the stop loss of 1360 for the target of 1500 levels," stated Gupta.

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