11 months ago
SMC Global: Stock Picks - Bajaj Auto, NMDC, and More
A brokerage firm called SMC Global is suggesting some stocks that could be good investments.
They looked at two types of stocks: some based on how well the company is doing (like Bajaj Auto and NMDC), and others based on patterns in the stock's trading (like Granules India and Shyam Metalics).
For the first two, they think the stocks will do well over 8-10 months.
For the other two, they expect gains in about 1-2 months.
These are recommendations to invest, and the firm is sharing their thoughts on where the stock prices might go.
SMC Global recommends Bajaj Auto due to export-led growth and a premium strategy.
NMDC is highlighted for its strong performance and expansion plans.
Granules India shows a 'Double Bottom' pattern, signaling potential growth.
Shyam Metalics broke out of a 'falling channel' pattern, indicating upward momentum.
The recommendations are for different time horizons - 8-10 months for fundamentals and 1-2 for technical.
- Who
- SMC Global recommended stocks, including Bajaj Auto and NMDC.
- What
- SMC Global has identified four stocks with potential upside: two based on fundamental analysis (Bajaj Auto, NMDC) and two on technical setups (Granules India, Shyam Metalics).
- Where
- Recommendations pertain to stocks listed on Indian exchanges.
- When
- Recommendations are for an 8-10 month period for fundamental picks and 1-2 months for technical picks.
- Why
- SMC Global believes these stocks offer investment potential based on factors like export-led growth for Bajaj Auto and diversification plans for NMDC.
Key facts
- Brokerage Firm
- SMC Global
- Fundamental Picks
- Bajaj Auto, NMDC
- Technical Picks
- Granules India, Shyam Metalics
- Bajaj Auto Target Price
- Rs 9,794
- NMDC Target Price
- Rs 89
- Granules India Upside
- Rs 595-600
- Shyam Metalics Upside
- Rs 1030-1040
Quotes
SMC
A brokerage firm.
“one can accumulate a stock on dips in range of 540-545 levels with the expected upside of 595-600 levels with S/L below 510 levels”
businesstoday.in
Sources
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