Short Term Stocks to Buy: Domestic brokerage firm Prabhudas Liladher has recommended to buy defence and aerospace stock on July 12. This is not a PSU stock like BDL, Cochin Shipyard, Mazagon Dock. The Brokerage firm advised to buy this Rs 3,400 share with a intraday target of Rs 3,540
Short Term Stocks
The Brokerage firm advised to buy mid-cap defence stock Data Pattern which closed at Rs 3,405 on July 11. The shares of Data pattern opened at Rs 3,214.85 and gained as much as 8% with an intraday high of Rs 3,450 however it closed Marginally gain of 6.25%.
A technical analyst from Prabhudas Liladher has recommended to buy Data Pattern shares. The target price is Rs 3,540, representing 4% gain. He also advised a stop loss at Rs 3,315.
Also Read: Power Stock: Company Got Big Order Worth Rs 809 Crore, 673% Return in the Last Year
Apart from that keep an eye on the below mentioned stocks that could give you good returns on short term basis.
RVNL: This Railway stock will be in focus as it secured a huge order worth RS 187 crore. In addition, RVNL has signed two Memorandums of understanding (MOUs) with M/s TATWEER Middle East and Africa LLC (TATWEER).
IREDA: This renewable energy stock climbed nearly 16% on July 11 during the trading session. IREDA will be in focus today as its financial report of Q1 is to be published.
SCI (Shipping Corporation of India): This stock will be in focus today as well. The shares of SCI rallied 20% and locked in with a upper circuit on July 11.
Apart from Data Patterns, the Prabhudas Liladher analyst also recommended buy on two other stocks on July 12.
These stocks are:-
They recommended to Buy TRIVENI ENGG at a cmp Rs 414.95 and Stop Loss at Rs 405, with a Target price 438
Another stock is DCX SYSTEMS which cmp is given as Rs 434.25, Stop Loss at Rs 424 and Target is given at Rs 456
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