Published on 13/05/2025 03:37 PM
Are you looking for investment ideas with different time horizons? In a conversation with Zee Business Managing Editor Anil Singhvi, a market expert has recommended several stocks across various time frames, including long-term and short-term opportunities.
Rajesh Palviya of Axis Securities has suggested buying largecap and midcap stocks that could offer up to 16 per cent returns in the next 1-12 months.
For the long-term horizon, Palviya is bullish on the capital market stock Nippon Life AMC, citing its favorable technical setup and the formation of a strong base at lower levels following a recent correction.
On the monthly chart, this marks the third consecutive month in which the stock has shown strengthening momentum. It is now clearly sustaining above its 200-day moving average.
He believes Nippon Life AMC is displaying clear signs of recovery, with both short-term and medium-term charts indicating renewed strength.
Palviya has recommended buying Nippon Life India Asset Management shares with long-term targets of Rs 780 and Rs 800 and a stop loss at Rs 620. He also suggests buying the stock on dips. The given targets suggest upside of up to 12 per cent within 12 months.
For the positional horizon, Palviya recommends buying the chemical sector stock FACT. According to him, the stock has shown a sharp recovery from lower levels over the past two to three weeks.
Furthermore, FACT shares are now sustaining above their 100-day moving average, he noted.
"This upward movement in FACT stock is expected to continue and cross its 200-day moving average, which lies approximately between Rs 860 and Rs 870," Palviya said.
He maintains a positive outlook on this large-cap stock, with a target price between Rs 940 and Rs 960, suggesting a rise uo to 17 per cent, with a stop loss at Rs 760.
With a time frame of 1–3 months, Palviya suggests buying the small-cap IT stock Nazara Technologies.
He notes that the stock has broken out of a seven to eight-month consolidation range and is comfortably sustaining above all its near-term and short-term moving averages.
"Buying interest has been evident over the past one to two weeks. Nazara Technologies looks favorable," he stated.
Palviya recommends buying this small-cap IT stock for short-term targets of Rs 1,220 and Rs 1,250, with a stop loss at Rs 1,090. According to him, the IT stock could rise up to 5 per cent.
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