Finance News : 2 stocks HDFC Securities buys one for near 14% gain

1. Venkys:

The firm has diversified operations within the poultry section and consists of the manufacturing of SPF eggs hen and eggs processing broiler and layer breeding animal well-being merchandise Poultry feed & gear soya bean extract and plenty of extra. As per the technicals steered by the brokerage the corporate‘s inventory worth has corrected almost 30% from the latest excessive and now reached close to the necessary long-term help. “Stock price reversed northwards and trading above its 5-day EMA with higher volumes. RSI Oscillator has exited from the oversold level and is now placed above 30 levels. The MFI oscillator has dropped below the oversold level of 10 and is now back to the 25 odd levels. Considering the technical evidence discussed above, we recommend buying Venkys at CMP of 2560 and average at 2380, for the upside targets of 2875 and 3100, keeping a stop-loss at 2270”, stated the brokerage agency.

Stock Current market worth Target Upside
Venkys 2836 3100 9%

3 Banking Stocks graph

2. Schaeffler India:

The firm is concerned in innovating and shaping the worldwide tempo of change. With progressive applied sciences, merchandise, and providers for CO₂-efficient drives, electrical mobility, Industry 4.0, digitalization, and renewable energies, the corporate is a dependable companion for making movement and mobility extra environment friendly, clever, and sustainable. The firm‘s main manufacturers embrace FAG, INA, and LuK.

For the inventory, the analysts from the brokerage see a flag sample breakout is seen on the day-by-day chart. “Stocks broke from consolidation In July 2021, stocks rose with registered Maltese breakout volume indicator and oscillator setup been holding bullish on weekly charts Short term moving averages are placed above medium to long term moving averages Nifty MNC Index looks very strong on short to medium term charts Stock has been forming higher tops and higher bottoms on weekly and monthly charts”, says the brokerage report.

Stock Current market worth Target Upside
Schaeffler 7150 8150 14%

Disclaimer:

Note the shares listed below are taken from the brokerage report and needn’t be taken as an funding recommendation.

 

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