Introduction:
Welcome to Akhandindia.com, your trusted source for the latest news and updates. In this article, we will discuss the top 3 stocks recommended by Sharekhan firm for investment. These stocks have shown promising growth potential and can be considered for long term, short term, and medium-term investments.
Trident:
Trident is one of the recommended stocks for investment. The company’s shares closed at Rs 39.60 with an 8.3 percent increase on Friday. Experts have set a target price of Rs 55 lakh for this stock, with a recommended stop loss at Rs 33.30. In the last week, the shares have provided an 8 percent return to investors. The stock has also shown a significant increase of 22.6 percent in the last one month. As of Monday, September 4, 2023, the shares closed at Rs 40.15 with a 1.39 percent increase.
NBCC:
NBCC is another stock recommended by market experts. The long-term target for this stock is Rs 90, with a second target of Rs 115. Investors are advised to set a stop loss at Rs 41. The target price represents a 115 percent increase from the current price. In the last one week, the shares of NBCC have increased by 7.4 percent. Over the past month, the stock has provided a return of 16 percent. In the last three months, the stock has returned 22 percent and 36 percent in the six months. The shares closed at Rs 56.35 on Monday, September 4, 2023, with a 6.82 percent increase.
Emami:
Emami is also among the recommended stocks for investment. The shares of this company were trading at Rs 536 on Friday. Market experts suggest investing in this stock at Rs 675 lakh with a stop loss at Rs 473. The target price represents a 25 percent increase from the current level. In the last one week, the shares have provided a return of 4.5 percent. Over the past month, the stock has returned 16 percent to investors. In the last three months, the stock has generated a profit of 38 percent. In 2023, investors have earned a 26 percent profit. As of Monday, September 4, 2023, the shares closed at Rs 523.60 with a fall of 2.24 percent.
Note: It is important to remember that investing in mutual funds and the stock market carries risks. It is advisable to consult with a financial advisor before making any investment decisions. AkhandIndia.com shall not be held liable for any financial loss incurred.
