SBI Securities’ Sudeep Shah suggests buying 3 shares; check long, short & fixed targets
As Dalal Street ended on a positive note on Wednesday, January 15, 2025, the Sensex closed at 76,724.08, up 224.45 points, while the Nifty 50 rose 37.15 points to settle at 23,213.20. The rally was led by buying in financial, power, and steel sector stocks, including NTPC, State Bank of India (SBI), HDFC Bank, and ICICI Bank. However, the IT and FMCG sectors saw losses, with HCTech and HUL among the top laggards.
Are you looking for investment ideas for your portfolio within these market trends? In an interview with Zee Business Managing Editor Anil Singhvi, Sudeep Shah of SBI Securities recommended three ‘buy’ calls with a horizon of 1-12 months.
Stocks to Buy Long-Term: AstraZeneca Pharma Share Price Target
Shah recommends buying shares of AstraZeneca Pharma India with long-term targets of Rs 8,500 and Rs 9,000.
AstraZeneca Pharma is a portfolio stock and we buy it on dips, he said. The given target for the company’s stock implies a potential upside of 34.08 percent from today’s close price. The shares are down 4.53 percent from the previous session, alone on the BSE.
Positional Stock Pick: Siyaram Silk Share Price Target
He suggests buying shares of Siyaram Silk with price targets of Rs 1,150 and Rs 1,175. The given target (1,175) implies a potential upside of 23.47 percent as today’s CMP. He suggested Siyaram Silk stock with a stop loss of Rs 900 from a 3-6 month perspective.
Stocks to Buy Short-Term: Borosil Renewables Price Target
Shah recommends buying shares of Borosil Renewables with targets of Rs 640 and Rs 660. The stock could rise 13.61 percent within 1-3 months, according to Shah.
