InvestorQ : Do you have any fresh stock tips that I can buy for the weekend on 08 January Friday?
Arusha Ray made post

Do you have any fresh stock tips that I can buy for the weekend on 08 January Friday?

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diksha shah answered.
3 months ago
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Normally, I would have suggested being cautious ahead of the week end but this time since chunk of the open positions have already been covered, I am suggesting two stocks to take for the week end. Both are well established names and hence we don’t see any major event risk on these stocks. My two picks for the say are as under.

· I suggest that LIC Housing is still a reasonably priced HFC at the current level of Rs.433 for upside targets of Rs.480 over 1-2 months. In fact, the HFC segment is beginning to see consolidation with smaller players exiting. LIC Housing should be a big gainer from the consolidation as it can now build on its market share.

· Of course, Reliance Industries rarely goes out of fashion and has always been a preferred stock on every dip. You can look to once again pick Reliance Industries at Rs.1911 levels for upside targets of Rs.2050 in 1-2 months. Remember, that the stock is down 20% from its peak levels and offers good margin of safety. O2C deal could be a positive.

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