Sell or Reduce These 5 Stocks : Sensex, which has seen failure of correction continuously in the last few weeks, has once again touched the level of 80 thousand and Nifty has touched the level of 24 thousand. However, the markets are still far behind their Altam high level in September 2024. At present, after the recent decline, while there are buying opportunities in some stocks with strong fundamentals, the fundamentals of some stocks also appear weak, which may break down further. Brokerage house Centrum Broking has given information about some such stocks whose short term fundamentals appear weak. While alerting on such shares, the brokerage has said that for now either they should be sold or their number in the portfolio should be reduced.
Sell Alert! Be alert about these 5 shares, weakness can come up to 24% from the current price, brokerage has given SELL and REDUCE rating.
Anupam Rasayan
Rating : SELL
Current price: Rs 735
Target price: Rs 561
Return Estimate: -24%
The brokerage house has advised SELL rating on the shares of Anupam Rasayan. The brokerage has kept the target price for the share at Rs 561. Whereas the current price is around Rs 735. In this context, the stock may become 24 percent weaker than the current price. The stock has fallen by more than 30 percent so far this year. Whereas in 5 years this stock has strengthened by 47 percent.
Adani Group Stocks: Selling in Adani Group shares, but GQG Partners expressed confidence, had supported during Hindenburg era also
Deepak Nitrite
Rating : SELL
Current Price: Rs 2639
Target price: Rs 2135
Return Estimate: -19%
The brokerage house has advised SELL rating on the shares of Deepak Nitrite. The brokerage has kept the target price for the share at Rs 2135. Whereas the current price is around Rs 2639. In this context, the stock may become 19 percent weaker than the current price. The stock has gained 10 percent so far this year. Whereas in 5 years this stock has strengthened by 707 percent.
Comeback IPO: These shares had broken hearts on listing, but have now become multibaggers, those who were patient got returns up to 375%
PI Industries
Rating: REDUCE
Current price: Rs 4265
Target price: Rs 4249
Return Estimate: -1%
The brokerage house has advised to reduce the REDUCE rating on the shares of PI Industries. The brokerage has kept the target price for the share at Rs 4249. Whereas the current price is around Rs 4265. In this context, the stock may become 1 percent weaker than the current price. The stock has gained 18 percent so far this year. Whereas in 5 years this stock has strengthened by 177 percent.
Nazara Technologies
Rating: REDUCE
Current price: Rs 921
Target price: Rs 905
Return Estimate: -2%
The brokerage house has advised to reduce the REDUCE rating on the shares of Nazara Technologies. The brokerage has kept the target price for the share at Rs 905. Whereas the current price is around Rs 921. In this context, the stock may become 2 percent weaker than the current price. The stock has gained 15 percent so far this year. Whereas in 5 years this stock has strengthened by 18 percent.
Buy on Dip: These 36 quality stocks are available at up to 61% discount from 1 year high, is this the right time to invest money in the market?
Vodafone Idea
Rating: REDUCE
Current price: Rs 7.3
Target price: Rs 7.5
Return Estimate: 3%
The brokerage house has advised to reduce REDUCE rating on the shares of Vodafone Idea. The brokerage has kept the target price for the share at Rs 7.5. Whereas the current price is around Rs 7.3. In this context, the stock may become 3 percent stronger than the current price. The stock has declined 55 percent so far this year. Whereas in 5 years this stock has strengthened by only 11 percent.
(Disclaimer: The view or advice on the share is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
