Business News Desk – Indian stock markets started strongly on Thursday (September 19). The impact of the US Fed’s interest rate cut was seen on the domestic market. In this bullish market, brokerage firm Motilal Oswal has made auto component maker Samvardabana Madrasan a technical pick. The brokerage has selected this stock for 2-3 days. Indian stock markets started strongly on Thursday. As soon as the market opened, record highs were seen on Sensex-Nifty. Bank Nifty was also approaching a record high. Nifty was close to 25,550. Sensex was trading above 83,500. Bank Nifty crossed 53,100. Midcap IT stocks saw a good rally. Financial stocks also saw strength.
Samvardabana Madrasan: Huge profit in 2-3 days
Brokerage house Motilal Oswal has made Samvardabana Madrasan a technical pick. Positional buying is recommended in this stock for the next 2-3 days. The target price is Rs 218. The stock closed at 204 on 18 September 2024. In this way, the stock can show a rise of about 7-8 percent in the future. In the bullish market, trading started in the green mark in Samvardana Madrasan on Thursday.
The stock jumped by about 1 percent. In the last 1 month, the stock has jumped by 10 percent. At the same time, the stock has given a return of 85 percent in 6 months and about 12 percent in 3 months. The 1-year return of the stock has been 110 percent. The 52-week high of the stock on BSE has been 208.90 and the low 86.80. The market cap of the company is more than Rs 1.38 lakh crore.
