New Delhi. There is a bull run going on in the stock market at this time. Shares of many companies are giving huge profits to the investors. But, some are also seeing a decline. In such a situation, before making any investment, you should consider all the aspects. Also, if you already have any shares, then you should also know whether it will be right to exit by booking profit in it or the stock will rise further.For your convenience, we are telling you what you should do about three stocks- PFC, TVS Motors and Titan. Will it be right to buy them or should you sell them and get out?
Will the shine continue in PFC?
Power Finance Corporation (PFC) is a government company that provides financial assistance to the power sector. Its shares have given a multibagger return of 260 percent in the last one year. In the last 6 months also, investors have made a profit of about 54 percent from the company. PFC's share jumped 5.41 percent on Friday (May 24) and closed at Rs 492.55.
Rupak De, Senior Technical Analyst at LKP Securities, has given a buy rating on PFC at Rs 493. He says that this stock is showing a bullish trend as it is above the critical moving average. Also, the price rise got support from the increase in volume. It can go up to Rs 530 in the near term. At the same time, if the stock comes down, then you can keep a stop loss of Rs 474.
How fast will TVS Motors' speed be?
Demand is expected to increase in rural areas amid the possibility of a good monsoon this year. The FMCG and automobile sectors are expected to benefit from this. Especially, sales of two-wheelers may increase. TVS Motors is also expected to benefit from this. LPK Securities says that TVS Motors has given a consolidation breakout in the daily chart and is trading above its 24-day exponential moving average (EMA). This indicates strong momentum in the short term.
LPK Securities has advised to buy TVS Motors at Rs 2246. It says that a long position can be created in TVS Motors by buying between Rs 2230 and Rs 2250. Its target price is Rs 2370. LPK Securities has advised to keep a stop loss of Rs 2160 in TVS Motors.
What to do in Tata Group's Titan?
Tata Group's Titan had recently released quarterly results, which were not as per the market's expectations. Hence, there was heavy selling in it. Talking about the last one month, investors have got a negative return of about four and a half percent from Titan's stock. At the same time, so far this year i.e. in 2024, Titan has given a negative return of more than 7 percent. On Friday, its shares closed at Rs 3,411.00 with a decline of 1.19 percent.
LPK Securities believes that there is no scope for Titan to rise at the moment. It has advised to sell this stock. LPK Securities says that the daily chart looks weak, indicating a possible bearish trend in the short term. On the higher level, it can act as a short term resistance at the level of 3460. On the lower level, it can move towards 3300.
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