2 Stocks Get Buy, 2 Get Sell Rating: Stock Ideas From Nuvama Wealth For Monday

Nuvama Wealth has assigned buy call to 2 stocks namely Balkrishna Industries and JSW Steel and sell call to 2 stocks namely SBI Life Insurance Company, SRF Ltd. All these stocks are large cap stocks and three of them have given multibagger returns over the years. Check key details below:

1. Buy JSW Steel With A Target Price Of Rs 825

Nuvama Wealth has assigned a target price of Rs 825 to buy JSW Steel Ltd. If you buy the large cap metal stock today at the current market price of Rs 771, you will get 7% upside. The stock's 52-week high is Rs 789 apiece and 52-week low is Rs 520 apiece, respectively.

The company has a market capitalisation of Rs 1,86,367.70 crore. The stock has given 192% return in last 5-years, 179% return in last 3-years, and 17% return in last 1-year. In last 3-months only, the stock has given a return of 22%.

2. Buy Balkrishna Industries With A Target Price Of Rs 2290

The analyst has given buy call to Balkrishna Industries with a target price of Rs 2290 apiece. The current market price of the stock is Rs 2120 apiece with an intraday dip of 0.36%.

If you buy the shares at CMP, you will get 8% return. The large cap stock, operating in Tyres sector, has given 117% return in last 3-years and 81% return in last 5-years. In last 1-year, the stock has fallen 8%. The shares have surged 13% in last 3-months.

The company has a market capitalisation of Rs 41,137 crore.

3. Sell SBI Life Insurance Company With A Target Price Of Rs 1185

The stock has received sell call from Nuvama Wealth with a target price of Rs 1185 apiece. The current market price of the stock is Rs 1232 apiece.

The large cap Financial Services stock has given 78% return in last 5-years and 26% return in last 3-years. In last 1 -year, the stock has surged 2%.

The shares have witnessed a dip of 5% in last 1-month. The company has a market capitalisation of Rs 1,23,417.50 crore.

4. Sell SRF Ltd With A Target Price Of Rs 2130

Nuvama Wealth has assigned sell call to SRF Ltd with a target price of Rs 2130 apiece. The current market price of the stock is Rs 2283 apiece with an intraday decline of 0.36%.

The company has a market capitalisation of Rs 67,685 crore. The large cap company operates in Diversified sector stock. The stock has delivered 230% return in last 3-years and 486% return in last 5-years.

In last 1-year, the stock has declined 6%.

Disclaimer

The stocks have been picked from the brokerage report of Nuvama Wealth. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.