Stocks to BUY: The stock market has been experiencing a drop for the third day in a row. Nifty is now below 25000 during the most recent day of trading.
The market seems to be scared at this time. Non-farm payroll data will come in America.
This month, the Federal Reserve is going to reduce the rate. Job data becomes very important in terms of how big this rate cut will be or not.
If you are a positional trader, then a full-service broker has selected 3 stocks for you for the next 30 days. Know what target and stop loss has been given for these stocks.
Laxmi Organic Share
The stock of Laxmi Organic Industries Ltd, a special chemical manufacturing company, is trading in the range of Rs 305 on Friday. The brokerage has advised us to buy in the range of Rs 296-301.
In the next 30 days, the target is 350 rupees and the stop loss of 292 rupees has been provided. The 52-week high of this stock is 320 rupees.
This stock has given positive returns in September 3 times in the last 4 years since its listing. In the last week, the stock has given a return of about 3 percent, in two weeks 9 percent, and one month 23 percent.
PNC Infratech Share
PNC Infratech Ltd is a civil construction company. The stock is trading within the range of 455 rupees.
The 52-week peak is 575 rupees. For this, a target of Rs 501 and a stop loss of Rs 433 has been given for the next 30 days.
This stock has given positive returns 6 times in September in the last 10 years. In the last two weeks, the stock has given a negative return of about 2 percent and in one month 3 percent.
Avenue Supermarts Share
The stock of retail store chain Avenue Supermarts Ltd is trading in the range of Rs 5290. On September 5, the stock reached a lifetime high of Rs 5365.
It is advised to buy this stock within the 5,136 rupees to 5,240 rupees range. The target is Rs 5785 and the stoploss is Rs 4950.
In the last eight years, the stock has delivered positive returns four times in September. The stock has gained 7 percent in the last week, 9 percent in two weeks, and about 8 percent in one month.
Quick Fact
Laxmi Organic
| Company name | Laxmi Organic |
|---|---|
| Type | Special chemical manufacturing |
| Current range | ₹296-₹301 |
| Possible target price | ₹350 |
| Stop loss | ₹292 |
| Time | 30 days |
| Last week return | 3% |
| Last 2 weeks return | 9% |
| Last 1 month return | 23% |
| Positive returns in September | 3 times in 4 years |
PNC Infratech
| Company name | PNC Infratech |
|---|---|
| Type | Civil construction |
| Last 1 month’s return | ₹455 |
| Possible target price | ₹501 |
| Stop loss | ₹433 |
| Time | 30 days |
| Last 2 weeks return | -2% |
| Last 1 month return | -3% |
| Positive returns in September | 6 times in 10 years |
Avenue Supermarts
| Company name | Avenue Supermarts |
|---|---|
| Type | Retail store chain |
| Current range | ₹5,136-₹5,240 |
| Possible target price | ₹5785 |
| Stop loss | ₹4950 |
| Time | 30 days |
| Last week return | 7% |
| Last 2 weeks return | 9% |
| Last 1 month return | 8% |
| Positive returns in September | 4 times in 8 years |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
