Short time stocks: As the date of announcement of the Union Budget in India is getting closer, a lot of activity is being seen in the stock market of the country in which investors are facing problem in finding stocks that will give good profits after the budget. To solve this, domestic brokerage Reliance Securities has discussed the stocks giving good returns.
The domestic brokerage firm has recommended buying Larsen & Toubro Ltd, Tata Technologies Ltd, Devyani International Ltd, The Ramco Cements and ZEE Entertainment Enterprises Ltd. The company has also provided target price and entry price information for all these stocks. The brokerage firm says that these stocks are of special quality, due to which they may see a rise after the budget announcement.
Larsen & Toubro Ltd
Larsen & Toubro Ltd is a company involved in the infrastructure sector. The company is seen doing business in technology, engineering, construction and manufacturing in Kurukshetra. The market cap of the company is Rs 508,755 crore. The stock price of the company is Rs 3618.50. The 52-week minimum price of the stock is Rs 2,354.45 and the maximum price is Rs 3,919.90. The brokerage firm says that an entry price of Rs 3,550-3,648 is going to be good for buying the stock, while its target price can be kept at Rs 4,200.
Tata Technologies Ltd
Tata Technologies Ltd is seen focusing primarily on the automotive industry. The company’s biggest customers are Tata Motors and JLR. The stock price of this company with a market cap of Rs. 40,453 crore is Rs. 997.20. The 52-week low price of the stock is Rs. 500 and the high price is Rs. 1400. Reliance Securities has a buy recommendation on this stock with an entry price of Rs. 1,010-1,033 and a target price of Rs. 1230.
Devyani International Ltd
Devyani International Ltd is primarily seen developing, managing and operating restaurants and food courts of brands like Pizza Hut, KFC, Costa Coffee and Vaango. The company has many KFC and Pizza Hut stores in India as well as in Nigeria and Nepal. The company operates more than 490 KFC stores and 506 Pizza Hut stores in our country.
The share price of this company with a market cap of Rs 21,136 is Rs 175.22. The 52-week high price of the share is Rs 227.50.
The maximum price is Rs 142.25 and the minimum price is Rs 142.25. The firm has recommended an entry price of Rs 157-163 and a target price of Rs 195 for the company’s stock.
The Ramco Cements
Ramco Cements Limited is seen working in the field of cement, ready mix concrete and dry mortar products. The company produces 12 types of cement for different types of work. The company is currently engaged in meeting the requirements of the domestic cement market. The market cap of the company is Rs 18,379 crores. The stock price of the company is Rs 778. The 52-week minimum price of the stock is Rs 700 and the maximum price is Rs 1,058. The brokerage firm says that an entry price of Rs 775-794 is going to be good for buying the stock, while its target price can be kept at Rs 950.
ZEE Entertainment Enterprises Ltd
Entertainment Enterprises Limited is a media and entertainment company. The company has 48 channels for domestic broadcasting in the country and is present in more than 170 countries with 41 international channels. This company also has an over the top or OTT platform ZEE5. The share price of this company with a market cap of Rs 13,209 is Rs 138. The 52-week maximum price of the share is Rs 300 and the minimum price is Rs 126. The firm has advised to keep the entry price of the company’s stock at Rs 150-156 and the target price at Rs 190.
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