Nifty50 is closed at above 10560 level and experts predict that it will reach 10,650 level in the last week of April. After watching the positive notes in the last 3 weeks, the Nifty50 had shown negative number but it will bounce back within few days.
As India imports approx. 80% of crude oil and thus, a small change in oil prices may affect the major part of the market. Currently, the price of Brent crude is reached near to USD 74 per barrel and the price of INR is 13-month low of 66.10 per US dollar. Even in this harsh situation of Indian Market, below 6 stocks could give up to 16% return in short period of time.
Radico Khaitan – Target: INR 480, Return 10%
Lambodhara Textile – Target: INR 85 | Return: 16%
Ashok Leyland – Target: INR 171, Return: 10%
InterGlobe Aviation Ltd – Stop-Loss: INR 1470, Target: INR 1570, Return: 4%
Eicher Motors Ltd – Stop-Loss: INR 30500, Target: INR 32500, Return: 4%
Tata Motors Ltd – Stop-Loss: INR 320, Target: INR 360, Return: 8%
Now, if the Nifty50 hit in between 10,650 to 10700; you would keep eye on these stocks as they may give good returns in upcoming times. The stocks are Tata Elxsi, Tech Mahindra, Hexaware Technologies, Hindalco, KPIT, JSW Steel, Motherson Sumi, IndiGo, V-Guard Industries and Amara Raja Batteries.
The above stocks are listed above based on recent market analysis and stocks’ history.