Stock Tips: HDFC Securities advises to buy 2 Blue Chip stocks, is it in your portfolio
Share Market Investment Tips: After Muhurat Trading in the stock market, investors are expecting that Samvat 2078 will also be brilliant like Samvat 2077. Samvat 2078 The first day of the new year has been wonderful. Sensex has crossed 60,000 mark again. Meanwhile, HDFC Securities has advised investors to buy 2 stocks to give excellent returns. One of these is Auto Stock and the other is the largest public sector bank in the country. Let us put on these recommendations of HDFC Securities.
Investment Advice in SBI
HDFC Securities has advised investors to buy SBI with a target of Rs 572. The brokerage house says that up to 8 percent can be seen in this stock. SBI stock closed at Rs 530.45 on Muhurta trending day.
SBI recently presented its excellent second quarter results which have been better than the market expectations. The bank’s profit on a yearly basis has increased by 67 percent to Rs 7,626.6 crore as compared to the profit of the bank at Rs 4,574 crore in the second quarter of the last financial year. SBI’s NPA has also improved.
Investment Advice in Tata Motors
HDFC Securities has a buy call on Tata Motors with a target of Rs 560. HDFC Security believes that this stock can see a jump of up to 14 percent from its current level. At present, this stock is trading around Rs 490. Despite the company’s weak results in the second quarter, HDFC Securities has given a buy advice in this stock.
Due to Semiconductor, the business of the company has been badly affected. There has been a loss of Rs 4500 crore in the second quarter of FY 2022. But the company expects that the situation will improve from the second half of the current financial year and production will increase. The company’s thrust will also benefit from new launches with electric vehicles.
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