Indian stock indices fell for the third consecutive session today, May 20, presumably as a result of ongoing profit booking. The Nifty closed at 24,684.85 points, down 260.60 points, or 1.04 per cent, while the Sensex ended at 81,191.51 points, down 867.91 points, or 1.06 per cent. The auto, FMCG, media, and pharmaceutical sectors saw the biggest declines, but all sectoral indices were in the negative.
Meanwhile, brokerage Axis Securities picked four stocks from a short-term perspective. The analysts have chosen HUDCO, Container Corporation of India, Tata Technologies, Exide Industries for 3-4 weeks. These stocks can provide up to 19 per cent returns.
A look at these stocks’ target prices and potential returns.
HUDCO share price target
The brokerage has recommended buying this stock in the range of Rs 232-228. In case of a fall, a stop loss of Rs 215 has to be maintained and the first target is Rs 260 and the second target is Rs 270 for four weeks. This means the stock can provide up to 19 per cent returns from its today’s (May 20) closing price.
Container Corporation share price target
The next stock on the list is Container Corporation. The analysts have recommended buying this stock in the range of Rs 722-708. In case of a fall, a stop loss of Rs 668 has to be maintained and the first target of Rs 809 and the second target of Rs 835 has been given for four weeks. This means the stock can provide up to 15 per cent returns from its today’s (May 20) closing price.
Tata Technologies share price target
The analysts have also chosen the Tata Technologies stock for four weeks. The brokerage has recommended buying this stock in the range of Rs 740-726. In case of a fall, a stop loss of Rs 685 has to be maintained and the first target of Rs 829 and the second target of Rs 865 has been given. This means the stock can provide up to 16 per cent returns from its today’s (May 20) closing price.
Exide Industries share price target
The last stock that analysts suggest buying is Exide Industries. The brokerage has recommended buying this stock in the range of Rs 389-383. In case of a fall, a stop loss of Rs 369 has to be maintained and the first target of Rs 420 and the second target of Rs 435 has been given for 4 weeks. This means the stock can provide up to 13 per cent returns from its today’s (May 20) closing price.
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
