Top Stock Picks for 26 December 2023

Stocks To Buy: Top Picks for 26th December 2023

📈 As the Indian stock market continues to surge and break new records, the new year 2024 holds great potential for investors. If you’re looking for the best quality stocks to invest in right now, consider a company that operates in the logistics sector.

🚚 The Daily Company’s stock closed at Rs. 387.45 with a 0.13% decrease on Friday, 22nd December 2023. However, on Monday, 26th December 2023, the stock showed a 2.10% increase and was trading at Rs. 396.

💼 According to experts at Anand Rathi Shares and Stock Brokers, investing in Delhi-based stocks could be a smart option in the new year. The company’s shares are currently trading around Rs. 390. Experts recommend buying Delhi Delivery stock between Rs. 360-390.

🎯 It is expected that the company’s shares could touch Rs. 550 in 2024. To minimize losses, experts advise placing a stop loss at Rs. 310. The new target price is 40% higher than the current price level.

🌐 Delhi Delivery is considered one of India’s leading logistics companies. The company’s market share in the logistics sector is continuously increasing. Prominent companies like Tata Motors, Havells, and Mama Earth are included in Delhi Delivery’s client list. The company recently formed a partnership with AMAZON as well.

📈 On 5th September 2023, Delhi Delivery’s shares were trading at their highest price level of Rs. 452. On 27th January 2023, the shares reached their lowest level of Rs. 291. The all-time high for the company’s stock was achieved on 21st July 2022 at Rs. 708. In 2023, the price of Delhi Delivery’s stock has only increased by 17%. Therefore, there is a possibility of witnessing significant ups and downs in the stock.

💡 Keep an eye on the Delhi Delivery stock for potential opportunities and volatility in the coming year.

*Disclaimer: The stock market is subject to risks, and it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.*

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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.