InvestorQ : Do you have any good Independence Day trading tips that I can buy this week and exit in the next week for quick profits?
Riya Dwivedi made post

Do you have any good Independence Day trading tips that I can buy this week and exit in the next week for quick profits?

Answer
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diksha shah answered.
2 months ago


The 12 August largely belonged to PSU banks led by SBI. The government decided to give more leeway to the banks on restructuring loans. What is more positive is that the moratorium is unlikely to be extended beyond August. Here are some weekly tips.

· Buy Bank of Baroda at Rs.48 for targets of Rs.65 in one quarter time frame. It has relatively lower problems of asset quality and could be best poised to grow the book.

· The recent sell-off is an opportunity to buy Cipla at Rs.760 for short term targets of Rs.820. The stock report strong India numbers and also solid profit growth.

· I reiterate my buy call on ADF Foods at Rs.385 for upside targets of Rs.450 on the back of good traction on FMCG stocks going ahead.

Global cues are extremely positive for the markets and the Nifty is likely to track the global trends. Watch out for the PSU banking space and also NBFC stocks.