Axis Direct, a well-known brokerage, has shared insights on five stocks that it deems would be profitable within the short span of 0 to 15 days. The compilation includes a mix of two significant players and three mid-level companies. These companies are – Jubilant Foodworks, Sharda Cropchem, Inox India, Mahanagar Gas, and Vedanta.
Majority of the domestic stock markets on July 2nd, Wednesday, displayed signs of caution induced by the firm stance of the US President Donald Trump on the tariff deadline. This risk-averse approach was mirrored in the performance of benchmark indices.
The BSE Sensex, after reaching a peak of 83,935.29 during the day, eventually settled at 83,409.69. The index experienced a decrease of 287.6 points or a minor 0.34 per cent contraction.
Similarly, its counterpart, the NSE Nifty50 also ended on a lower note. There was a drop of 88.45 points, representing a slight decline of 0.35 per cent, with a final position of 25,453.4 points.
Axis Direct suggests Jubilant Foodworks Ltd is a prudent choice with the intention of yielding a profitability target of Rs 743. The stock closed trading at Rs 708.7.
The recommended stop loss for Jubilant Foodworks Ltd has been set as Rs 695 by Axis Direct. Additionally, the ideal price range to enter or pick the stock is between Rs 700 and Rs 707.
Turning the focus towards Sharda Cropchem Ltd, Axis Direct advises this stock with a target to reach Rs 897. The closing trade for Sharda Cropchem Ltd stood at Rs 844.8.
This particular stock shoud be halted from further loss at Rs 805, as determined by Axis Direct. The entry price range to get hold of the Sharda Cropchem Ltd is suggested between Rs 818 and Rs 828.
Evaluating Inox India stock, Axis Direct acknowledges a strong potential with its profit target of Rs 1,368. On its daily closing, Inox India traded at Rs 1266.9.
Axis Direct advices maintaining a stop loss at Rs 1,244 for Inox India. Convenient entry price range has been guided to be within Rs 1,262 to Rs 1,275.
The brokerage firm points out Mahanagar Gas as another valid option, projecting the stock target of Rs 1,625. The stock ceased trading at Rs 1509.5.
A protective stop loss for Mahanagar Gas is suggested at Rs 1,465. As to get into the position, the specified entry price range given by Axis Direct is between Rs 1,490 and Rs 1,505.
Lastly, Axis Direct recommends the addition of Vedanta into the investment portfolio with a monetary target of Rs 516 per share, whereas the stock was traded closing at Rs 469.45.
Instilling caution, the proposed stop loss has been set to Rs 460 for Vedanta. An investor might consider entering the position at an entry price range between Rs 470 to Rs 474, as suggested by the their guidance.
These aforementioned stocks create a diversified portfolio of large and mid-level capped stocks that Axis Direct brokerage believes to hold potential for profitability within a short span. Depending on the investor’s risk tolerance and strategy, cautious positioning can be taken.