Karnataka Election is completed on Saturday and the whole country is waiting for the verdict which will be announced on May 15 (Next Tuesday) and the verdict will create a big impact on the Indian Share Market. The Nifty is closed above 10,800 levels, 1.7% higher than the previous week.
It’s hard to predict that which party will win the election and on that basis, the share market will be affected positively or negatively. But still, here are 9 stocks which could give up to 12%.
Welspun India Ltd – Target: Rs 74, Stop loss: Rs 57, Return 12%
Monsanto – Target: Rs 2940, Stop loss: Rs 2,700, Return 6%
Biocon – Target: Rs 658, Stop loss: Rs 610, Return 4%
Indiabulls Housing Finance – Target: Rs 1297, Stop loss: Rs 1195, Return 4%
Mahindra & Mahindra Ltd – Target: Rs 925, Stop loss: Rs 847, Return 6%
Mahindra Lifespace Developers Ltd – Target: Rs 545, Stop loss Rs 495, Return 5%
PTC India Ltd – CMP: Rs 98, Target Rs 104, Stop Loss: Rs 93, Return 6%
Exide Industries Ltd – CMP: Rs 261, Target: Rs 280, Stop loss: Rs 247, Return 7%
eClerx Services – CMP: Rs 1,379, Target: Rs 1,525, Stop loss: Rs1,300, Return 10%
The above stocks are listed here based on the current market and particular stock’s history. Keep eye on the election verdict and also on the given stocks.