Stock Of The Week: The selection of good stocks in the Indian stock market at this time can give you huge earning opportunities. At present, there are many such stocks in the domestic stock market which are going to give strong returns and are getting at a good level after the correction of the stock market. You are getting many legendary stocks at low rates and they are expected to go at great value in future. Here we are going to tell you about such stocks even before the market opens, which can bring opportunities for you to earn better. Learn about these stocks and along with the momentum of the market, your investment portfolio can also accelerate through the flight of these stocks.
Learn about Stock of the Week
Tata Steel: The news of the merger of seven Tata group companies into Tata Steel will increase the volume of the company’s shares and increase the margins. Expectations of removal of export duty on iron are being expressed soon. This is a good opportunity to buy Tata Steel shares and it can be bought for 20 percent upper return. The share price is at Rs 104.40 on NSE.
NMDC: Iron ore company National Mineral Development Corporation will also get the benefit of removal of export duty of iron and the merger of steel companies is expected to prove beneficial for the investors as well as for the company. The share price is at Rs 127.45 on NSE.
Mahindra & Mahindra Finance: Mahindra & Mahindra Financial Services, better known by investors as M&M Finance, was directed by the RBI last week that it cannot take help of third parties for recovery. However, this has not changed the business fundamentals of the company and is creating a buying opportunity in the stock. The share price is at Rs 193.50 on NSE.
Reliance Industries: Levels below Rs 2600 have been seen with the fall of Nifty in the market giant Reliance Industries. This is a good opportunity to take entry for buying at current levels in this stock as it has the power to pull the index up as well. The share price is at Rs 2438.80 on NSE.
Tata Motors: The current decline seen in Tata Motors is due to non-inclusion of the festive demand for its cars. The company’s next quarter results are also expected to be excellent and this company is India’s top electric vehicle company, whose shares are expected to grow further. The share price of Tata Motors is at Rs 423.50 on NSE.
Disclaimer: These are research shares of CNI Research. Be sure to consult your investment advisor before investing. ABPLive.com is not responsible for any damages caused.
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