Market Experts’ Choice: Keep an eye on these shares, you can get double digit returns

Mumbai: The stock market today has a boom atmosphere and investors are looking for opportunities to earn profits. In such a situation, the advice of market experts becomes important. Sumit Bagadia, executive director of Choice Broking and Jigar S Patel of Anand Rathi Share and Stock Brokers have given their opinion on some shares in which investors can get good returns in short to moderate periods.

Sumit Bagadia’s choice:

Sumit Bagadia has advised purchases on three shares:

1. Cipla (cipla): Sumit Bagadia’s trust in Pharma sector giant Cipla is maintained. He believes that Cipla shares are making strong support around Rs 1468. He has advised to buy this stock at a level of Rs 1520. According to him, Cipla’s stock can go from 1580 to 1600 rupees. It is advisable to keep a stop loss of Rs 1468 for this deal. Currently, Cipla’s stock is trading around Rs 1505.

2. Hero Motocorp: Sumit Bagadia is also positive on Hero MotoCorp, the country’s largest two -wheeler manufacturer, the country’s largest two -wheeler manufacturer. He said that the company’s stock is trading close to its 52 -week highest level and there is still scope for further boom. He has advised to buy it with a stop loss of Rs 5500. Hero MotoCorp shares can reach a target of 5800 to 6000 rupees. Currently, the stock is trading around Rs 5498.

   
   

3. BPCL (BPCL): Sumit Bagadia has advised to buy the stock of Bharat Petroleum Corporation Limited (BPCL) at the current level. He said that BPCL shares can touch the level of Rs 690. A stop loss of Rs 610 has been suggested for this. Currently, BPCL shares are trading around Rs 629.

Pick of Jigar S Patel:

Senior Manager of Anand Rathi Share and Stock Brokers – Technical Research Analyst Jigar S Patel has given a ‘bye’ rating on a share:

1. Aditya Birla Fashion and Retail Limited (ABFRL): Jigar Patel likes Aditya Birla Fashion shares. He has advised to buy it at a level of Rs 287 with a stop loss of Rs 274. He believes that this stock can reach a target of Rs 310. In the last one month, this stock has rose by about 20% and has risen 30% in the last six months. In a year, this stock has given a return of about 40%. Currently, the stock is trading around Rs 288.

It is important to note that investment in the stock market is subject to market risks and it is appropriate to consult a financial advisor before any investment decision. The above recommendations are based on the personal opinion of experts and can change.