Investment Tips: HDFC Security gave the advice to buy these two shares, profit can be 10 times from bank deposits
Brokerage firm HDFC Securities has suggested two stocks that can give decent returns in the coming times. The firm has given buyback advice to Hitachi Energy India and National Chemical and Fertilizer Limits (RFC).
New Delhi. Brokerage firm HDFC Securities has suggested two new stocks for the next three months. The brokerage firm is bullish on both these stocks and both of them can give returns of around 15 percent in 3 months. Accordingly, 60 percent of the year, which is 10 times as compared to the deposits kept in the bank. However, there is also a risk on the capital deposited in the stock market. The name of one stock is Hitachi Energy India Ltd and the other is Rashtriya Chemicals & Fertilizers Ltd.
The stock of Hitachi Energy India has given a multi-bagger return of 106% in the last 1 year. In the last 6 months, this stock has run up to 38 percent. HDFC Securities thinks that this stock can show more bullishness in the coming three months. The brokerage firm has given a call to buy this stock on 13 January 2021. A target of Rs 3,100 has been given for this stock, which closed at Rs 2,663.25 on Friday, which can be achieved in a span of three months. For this stop-loss has been given of Rs 2,370.
Apart from this, HDFC Securities has also given buy advice on Rashtriya Chemicals & Fertilizers Limited on Thursday itself. It was advised to buy it at Rs 82.75. At present, this stock is standing at Rs 83.20. For this, a target of Rs 95.50 has been given, which is more than 15% of its recommended price. For this stop-loss has been given of 76.5 paise.
Information about companies
Let us tell you that the old name of Hitachi Energy India Limited was 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 power technology sector. The company provides its services to utility, other large industries, transport and infrastructure companies, and power companies.
Rashtriya Chemicals & Fertilizers Ltd. is a Public Sector Undertaking in India under the Ministry of Chemicals and Fertilizers, Government of India based in Mumbai. RCF is the fourth-largest producer of fertilizers in India.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Newscrab is not responsible for any profit or loss caused by you. It will happen.)