Stocks To Buy 8 May 2024 📈📊
During the volatility in the stock market, investing in stocks with strong fundamentals presents an opportunity. Over the long term, these stocks provide good returns. Brokerage firm Nuwama has selected five such stocks:
- Federal Bank
Nuwama recommends buying Federal Bank shares with a target price of ₹195 per share. The stock closed at ₹165 on May 3, 2024, and could potentially provide an additional 18% return at this price. On Wednesday (8 May 2024), the share was trading at ₹160, up by 0.31%.
- Coal India
Nuwama suggests buying Coal India shares with a target price of ₹537 per share. The stock closed at ₹475 on May 3, 2024, and could potentially provide an additional 13% return at this price. On Wednesday (8 May 2024), the share was trading at ₹465, up by 1.93%.
- Ambuja Cements
Nuwama recommends buying Ambuja Cements shares with a target price of ₹767 per share. The stock closed at ₹621 on May 3, 2024, and could potentially provide an additional 23% return at this price. On Wednesday (8 May 2024), the share was trading at ₹593, down by 0.10%.
- Jupiter Hospital
Nuwama suggests buying Jupiter Hospital shares with a target price of ₹1,585 per share. The stock closed at ₹1,214 on May 3, 2024, and could potentially provide an additional 30% return at this price. On Wednesday (8 May 2024), the share was trading at ₹1,246, up by 0.16%.
- ACC
Nuwama recommends buying ACC shares with a target price of ₹3,119 per share. The stock closed at ₹2,530 on May 3, 2024, and could potentially provide an additional 23% return at this price. On Wednesday (8 May 2024), the share was trading at ₹2,444, up by 0.32%.
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.