Axis Securities Picks 4 Stocks For Samvat 2079 With Return Up To 33% In Short Term

Axis Securities has chosen some stocks for buying this Diwali festival that have given breakouts and showing strong accumulation patterns on the medium and longer-term charts. The brokerage house has covered Large Caps as well as Mid Cap stocks.

The large cap stocks are Ambuja Cement Ltd, Tata Steel Ltd, Eicher Motors Ltd, and Cipla Ltd. If you buy these large cap stocks, you can get maximum return of 33% in short term of up to 1 year. Check key takeaways below:

1. Ambuja Cements Ltd

The last trading price of Ambuja Cements Ltd is Rs 517 apiece with a 52-week high of 585 apiece and 52-week low of Rs 274 apiece, respectively. Axis Securities has given buy rating to Ambuja with a target price of Rs 610 apiece with a potential return of 33%. The 3-years return of Ambuja is Rs 149%. The company has a market capitalisation of Rs 1,02,767.07 crore.

2. Tata Steel Ltd

The last trading price of the stock is Rs 100.90 apiece with a 52-week high at Rs 138 apiece and 52-week low at Rs 82 apiece. The large cap company has a market capitalisation of 1,23,216.61 crore. The company has given a 3-years return of 181%. Axis securities has given buy rating to Tata Steel with a target price of Rs 120 a potential return of 33%.

3. Eicher Motors Ltd

The last trading price of Eicher Motors Ltd is Rs 3646 apiece with a 52-week high at Rs 3800 apiece and 52-week low at Rs 2100 apiece, respectively. The company has a market capitalisation of Rs 99,706.06 crore. Axis Securities has assigned buy rating to Eicher Motors with a target price of Rs 4030 apiece and potential return of 23%. The stock has given a 3-years return of 80%.

4. Cipla Ltd

The last trading price of Cipla Ltd is Rs 1137 apiece with 52-week high at Rs 1149 apiece and 52-week low at Rs 850 apiece, respectively. The company has a market capitalisation of Rs 91,800.47 crore. Axis Securities has fixed buy rating for Cipla with target price of Rs 1320 apiece. If investors buy the stock, they can get likely return of 27%.

Disclaimer

The stocks have been picked from the brokerage report of Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.