Repo rate remains as it is… Experts told those 5 shares, which can now make huge income!

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The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has given a very important decision on 8 April. This time also no change has been made in the repo rate. While keeping the repo rate stable, RBI made it clear that due to the ongoing war in West Asia, challenges were definitely posed to the growth rate and inflation rate. There was an atmosphere of instability at the global level due to war-like situations.

However, RBI clearly believes that the fundamentals of the Indian economy are very strong. This is the reason that economic shocks from the outside world will have much less impact on India than before. Amidst the stable repo rate and the positivity returned in the market, there are strong signs of bullishness in some specific stocks. Quoting market experts, a list of 5 such stocks has been released, which can give excellent returns to investors.

Choice of Rajesh Palviya, Senior Vice President (Research), Axis Securities

  1. Federal Bank: The current price (CMP) of this share is Rs 275. This stock is in a strong uptrend on technical charts. Recently it has crossed its important resistance of Rs 273. It can be bought with a target of Rs 295. For safety, set stoploss at Rs 266.
  2. Godrej Properties: This share trading at the current price of Rs 1,605 looks quite attractive. It has broken its downward trendline with heavy volume, which is a bullish sign. Its target price is Rs 1,800. Maintain a stoploss of Rs 1,500 on investments.
  3. Poonawalla Fincorp: This stock is at Rs 405 and trend reversal is clearly visible. It remains above its 20-day SMA. It can be included in the portfolio for a target of Rs 440. Its stoploss is set at Rs 385.

Advice from Vidyanayan Sawant, Head (Research), GEPL Capital

  1. State Bank of India (SBI): Shares of the country’s largest bank are available at Rs 1,030. This stock has completed its normal 15-22 percent decline (correction) and now it is ready to go up. Buy it with a target of Rs 1,102 and set stoploss at Rs 991.
  2. Bank of Maharashtra: This share priced at Rs 66.54 looks quite strong on long-term charts. The levels which were earlier a hindrance have now become strong supports. One can invest in it for a target of Rs 72. To reduce the risk, set a stoploss of Rs 64.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.

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