Stock Market Roundup:
Heads up on your metaphorical victory flags, bulls! Indian stock market bounced back on January 9th, Thursday after a short setback earlier this week. The Nifty 50 spiked a healthy 141 points and landed soundly at the figure of 2,1658. The Sensex was not far off in recording a sturdy 490-point gain closing at 71,847. Broader market indices also joined the party, with the advance-decline ratio clocking in at a reassuring 1.98: 1. We can say that the air is full of optimism again, and investors are back to being bullish.
But in this buoyant market, where do you the astute investor put your hard-earned cash?Share Market’s crack team of analysts has crucially and meticulously gone through the data to find 5 potential rocketships capable of liftoff. So, buckle up as we take you on an exhilarating trip of these soaring selections!
So, without further ado, let’s set our sights on the 5 hottest stocks to buy today:
1. TV18 Broadcast (TV18BRDCST)
This media giant is well set to witness a spike in trade volumes, therefore swift investors should look up this company. Analysts say the shares under consideration should be purchased at ₹57 with a close stop loss on them no more than ₹54. With the price setting off towards its targets of ₹60 and ₹63 for this coming week.
2. Sutlej Textiles & Industries (SUTLEJTEX)
Volume increase is anticipated which makes this other textile powerhouse a potential multibagger. ₹65 Buy in, ₹61 safety net. Our analysts advise that you could be enjoying returns of up to ₹72 within a week.
3. Texmaco Rail & Engineering (TEXRAIL)
This marvel of engineering is on the verge of taking off, so watch it closely! Analysts recommend starting from ₹178 with stop loss at the level of If things go well, get ready for a possible ₹193 trip this week.
4. Godrej Industries (GODREJIND)
This personal care giant is riding a wave of bullish momentum and that has been the case for a very long now. Buy some stocks at ₹879 with a protection floor of ₹853. The analysts say that this might turn out to be a high gain play with the stock surging towards ₹932 in just about seven days.
5. TVS Motor Company (TVSMOTOR)
This two-wheeler giant is speeding on a high and you wouldn’t want to stand by the road when their path draws near. Analysts suggest buying in at ₹2038, with a stop-loss point during purchase ₹1990. If our analysts’ predictions come true, prepare for a possible trip to ₹2135 within the week.
Remember that past performance does not equal future results, and investing entails risks. Seek advice from a professional financial consultant before making any investment.
That’s all for now, folks! We hope this descriptive overview has whetted your appetite for the potential great things to come in the Indian stock market trading.
