HDFC Securities says that equities as an asset class will continue to perform well going forward. Despite the sale of Air India and some progress on the disinvestment front of BPCL and SCI, there is still a lot of fuel left in the shares of state-owned companies. Apart from this, both public and private banks can also perform well going forward. Auto and capital goods may also see a good rally after the weak performance of the last few quarters. Let’s now have a look at HDFC Securities’s Diwali pics.
Bharti Airtel | Buying advice in this stock is given by HDFC Securities at current levels and if any downside is found around Rs 623. The brokerage house believes that till the next Diwali, a level of Rs 810 can be seen in this stock.
HPCL | In this stock also, HDFC Securities is advised to buy at current levels and if any fall is found around Rs 280. The brokerage house believes that till the next Diwali, a level of Rs 385 can be seen in this stock.
Larsen and Toubro | In this stock too, HDFC Securities is advised to buy at current levels and if any fall is found around Rs 1,598. The brokerage house believes that till the next Diwali, the level of Rs 2077 can be seen in this stock.
Reliance Industries | In this stock too, HDFC Securities is advised to buy at current levels and if any fall is found around Rs 2336. The brokerage house believes that till the next Diwali, the level of Rs 2986 can be seen in this stock. (Disclaimer: Network 18 Media & Investment Ltd. is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)
Adani Ports | In this stock also, HDFC Securities is advised to buy at current levels and if any fall is found around Rs 695. The brokerage house believes that till the next Diwali, a level of Rs 936 can be seen in this stock.
Bank of Baroda | In this stock also, HDFC Securities is advised to buy at current levels and if any fall is found around Rs 83.3. The brokerage house believes that till the next Diwali, the level of Rs 113.5 can be seen in this stock.
CESC | In this stock also, HDFC Securities is advised to buy at current levels and if any fall is found around Rs 84.5. The brokerage house believes that till the next Diwali, a level of Rs 113 can be seen in this stock.
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