In the week ending November 29, there was pressure on the market. The Nifty had broken more than 5 per cent from its record high last week and had lost 3.6 per cent in the last two weeks in a row. It is noteworthy that Morgan Stanley and Nomura downgraded the rating of Indian equities in view of higher valuations, weak global cues, selling of FIIs and costly raw materials on the results of companies, which had an impact on the market sentiments.
But in today’s business the market seems to be recovering. At the end of trading, the Sensex closed at 60,138.46 with a gain of 831.53 points, or 1.40 per cent. On the other hand, Nifty closed at 17,929.65 with a gain of 258.00 points or 1.46 per cent. Sensex once again crossed 60,000 today while Nifty once again went above 17900.
Here we are giving you a list of 10 such stocks recommended by veterans, which can be seen giving double digit returns in the November series or in the next 3-4 weeks.
Investment advice by Vijay Dhanotiya of CapitalVia Global Research
Aditya Birla Fashion & Retail: Buy | LTP: Rs 263 | Buy this stock with a stop loss of Rs 240 for a target of Rs 295. In the next 3-4 weeks, it can give a return of 12.2%.
Astral: Buy | LTP: Rs 2,184.65 | Buy this stock with a stop loss of Rs 2,050 with a target of Rs 2,550. In the next 3-4 weeks, it can give a return of 16.7 percent.
Bata India: Buy | LTP: Rs 1,979.45 | Buy this stock with a stop loss of Rs 1,820 for a target of Rs 2,300. In the next 3-4 weeks, it can give a return of 16.2%.
Bharti Airtel: Buy | LTP: Rs 685.35 | Buy this stock with a stop loss of Rs 665 for a target of Rs 800. In the next 3-4 weeks, it can give a return of 16.7 percent.
Investment advice by Pushkaraj Sham Kanitkar of GEPL Capital
Escorts: Buy | LTP: Rs 1,569.40 | Buy this stock with a stop loss of Rs 1,250 for a target of Rs 1,850. In the next 3-4 weeks, it can give a return of 17.9 percent.
Maruti Suzuki: Buy | LTP: Rs 7,482.4 | Buy this stock with a stop loss of Rs 7,050 and target Rs 8,400. In the next 3-4 weeks, it can give a return of 12.3%.
Voltas: Buy | LTP: Rs 1,204.55 | Buy this stock with a stop loss of Rs 1,070 for a target of Rs 1,550. In the next 3-4 weeks, it can give a return of 28.7 percent.
Investment advice from Samit Chavan of Angel One
Vimta Labs: Buy | LTP: Rs 349.75 | Buy this stock with a stop loss of Rs 298 for a target of Rs 385, it can see a rise of 10.1 per cent in 2-3 weeks.
Investment Advice by Shrikant Chauhan of Kotak Securities
State Bank of India: Buy | LTP: Rs 502.15 | Buy this stock for a target of Rs 525 with a stop loss of Rs 485, it can see a rise of 4.6 percent in 3-4 weeks.
Escorts: Buy | LTP: Rs 1,569.70 | Buy this stock with a stop loss of Rs 1,520 for a target of Rs 1,670, it can see a rise of 6.4 percent in 3-4 weeks.
Lupin: Buy | LTP: Rs 922.90 | Buy this stock with a stop loss of Rs 874 for a target of Rs 1,060, it can see a rise of 14.9 per cent in 3-4 weeks.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.
.