Yesterday, 1st October, the Indian Stock Market finally broke the eight-day-long losing streak. This is after the RBI announced its rates and stance and projected a favourable growth-inflation outlook for India till Q1 FY27. On the last trading session, the Nifty 50 gained 225 points and closed at 24836.30. On the other hand, the Sensex also gained 716 points and closed 0.89% higher at 80983.31.
In this scenario, what are the good stocks to buy? Let’s check Ajit Mishra’s recommendation of short-term stocks to buy on Monday. These recommendations include entry price, target price range, and stop loss.
Short-Term Stock to Buy Recommendation by Ajit Mishra
1. Jindal Steel: The first stock to buy on Monday is Jindal Steel. You can purchase these shares at an entry price of Rs 1065 and target to sell for Rs 1170 later. Do remember to have a stop loss at Rs 1010.
2. Hindustan Aeronautics: Another good stock to buy today is Hindustan Aeronautics Limited or HAL. Investors can buy these shares for Rs 4803.40 and later sell for a target price of Rs 5300. Make sure to have a stop loss at Rs 4550.
3. State Bank of India: The last stock on the recommendation list by Ajit Mishra is the State Bank of India, or SBI. You can get these shares for an entry price of Rs 864.10 and target to sell for a price of Rs 930. It is also suggested to have a stop loss at Rs 830.
Disclaimer: All the information mentioned above is from individual analysts or broking companies. Indiahood does not give any advice. Make sure to consult with certified experts before taking any investment-related decisions. This Article is for educational purposes only.
