The impact of the ongoing war between Ukraine and Russia can be clearly seen in the stock market around the world. The stock market of India is no exception to this. In such a situation, profits can be earned only by investing in the right stocks. Brokerage Axis Securities has identified three such stocks which can generate strong profits in future. Let us know about these stocks one by one-
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According to Axis Securities, the stocks of Hero MotoCorp, Coromandel International and Power Grid Corporation of India can give excellent returns in the coming times. Let us understand why brokerage firms are betting on these three stocks.
Hero MotoCorp: The shares of this company can reach Rs 2750 to Rs 2850 per share in the coming time. The brokerage has fixed the stop loss on this stock at Rs 2395. At the same time, it is advised to buy when the share price reaches Rs 2560 to Rs 2510. According to Axis Securities, the daily and weekly indicator Relative Strength Index (RSI) is also showing positive response.
Coromandel International: The company’s stock pattern is showing strength in the weekly chart. The shares of the company can go up to the level of Rs 965 to Rs 1000 per share. Axis Securities has a buy call on the stock at Rs 900-882 levels. The stop loss as per brokerage is Rs 855.
power grid: According to the brokerage, the trend of this stock is also showing positive. The daily, weekly and monthly RSIs are pointing towards strength. The share price of the company can reach the level of Rs 255 to Rs 265. The brokerage has fixed the stop loss at Rs 221.