Stocks to Buy: Indian stock markets started strong on Thursday (19 September). The domestic market was impacted by the rate reduction of the US Fed.
In this bullish market, a brokerage firm has made auto component maker Samvardhana Motherson International Ltd (NSE: MOTHERSON) a technical pick. The stock has been selected by the brokerage for 2 to 3 days.
The Indian stock market started strong on Thursday. As soon as the markets opened, a new record was set on the Sensex and Nifty.
Bank Nifty also approached a new record high. Nifty was trading near 25,550. Sensex traded above 83,500.
Bank Nifty crossed 53,000. The midcap IT stocks saw a strong rally. Financial stocks were also strong.
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Samvardbana Motherson: Strong Profit In 2-3 Days
A brokerage house has made Samvardhana Motherson International Ltd a technical pick. Stocks are recommended for positional purchases in the next 2 to 3 days.
The target price for this product is 218 rupees. The closing stock price was 205 on September 18, 2024. This can result in a future stock price increase of 7 to 8%.
Samvardbana Motherson: Stock Jumped 10% In 1 Month
On Thursday, the market was bullish and trading began at the green mark. The stock jumped about 1 percent.
The stock has jumped 10.22% in the last 1 month. The stock returned 84.57% in six months, and 12 % in three months. The stock returned 107.96% in one year.
The 52-week low of the BSE stock is 86.80 rupees and the high is 208.88 rupees. The company’s market capitalization is over 1.38 lakh crore rupees.
Quick Fact
| Company name | Samvardhana Motherson |
|---|---|
| Recommendation type | positional buy |
| Time for the expected gain | 2-3 days |
| Possible target price | ₹218 |
| Last closing price | ₹205 |
| Expected price increase | 7-8% |
| Stock jump in 1 month | 10.22% |
| Stock return in 6 months | 84.57% |
| Stock return in 3 months | 12% |
| Stock return in 1 year | 107.96% |
| 52-week high | 208.88 rupees |
| 52-week low | 86.80 rupees |
| Market capitalization | ₹1,38,923 crore |
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