Monday, May 23, 2022

    Investment Tips: HDFC Securities recommends buying these two shares, the profit from bank deposits can be up to 10 times

    New Delhi. Brokerage firm HDFC Securities has suggested two new stocks for the next three months. The brokerage firm is bullish on both of these stocks and both can give about 15 percent returns in 3 months. According to him, 60 percent of the year, which is 10 times the money kept in the bank. However, there is also a risk on capital accumulated in the capital market. One stock is called Hitachi Energy India Limited and the other is called Rashtriya Chemicals and Fertilizers Limited.

    Hitachi Energy India stock has given 106% multibagger return in last 1 year. In the last 6 months this stock has gone up to 38 percent. HDFC Securities expects the stock to rebound in the next three months. The brokerage firm issued a call on 13 January 2021 to buy the stock. A target of Rs 3,100 has been set for the stock, which closed at Rs 2,663.25 on Friday, which could be achieved in three months. A stop-loss of Rs 2,370 has been paid for this.

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    Also on Thursday, HDFC Securities advised Rashtriya Chemicals and Fertilizers Limited to buy. It was suggested to buy it at Rs 82.75. At present, this stock stands at Rs 83.20. For this, a target of Rs 95.50 has been given, which is 15% more than the suggested price. For this stop-loss has been given as 8.5 paise.

    Information about the company

    We tell you that Hitachi Energy India Limited was formerly known as ABB Power Products and Systems India Limited. This is the Indian branch of Hitachi Energy. Significantly, Hitachi Energy is the world’s leading company in the field of electrical technology. The company provides its services to utilities, other large industrial, transport and infrastructure companies and power companies.

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    Rashtriya Chemicals and Fertilizers Limited is a public sector undertaking in India under the Ministry of Chemicals and Fertilizers, Government of India, Mumbai. RCF is the fourth largest fertilizer producer in India.

    (Disclaimer: The stocks mentioned here are based on the advice of a brokerage house. If you wish to invest in any of these, please consult a certified investment advisor first. News18 is not responsible for any gain or loss you may incur. )

    Tags: investment, Money making tips, Stock


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