RITES, BEML, NFL: HDFC Securities suggest 3 PSU stocks to buy; check targets
Domestic brokerage firm HDFC Securities has suggested three PSU stocks- National Fertilizers, BEML and RITES- to bet as the opportunities to make money.
- Mar 20, 2025,
- Updated Mar 20, 2025 12:05 PM IST
Amid the recovery in the Indian equity markets, domestic brokerage firm HDFC Securities has suggested three PSU stocks- National Fertilizers Ltd (NFL), BEML Ltd and RITES Ltd- to bet amid the scarce opportunities to make money. The brokerage has picked these stocks based on the sound technical parameters. Here's what the brokerage has to say about these counters:
The daily RSI of National Fertilizers has reached above 50, indicating sustainable uptrend. The daily MACD is above the signal line. The stock is above 10 and 20 days EMA and it has broken out from previous swing highs. One can add the stock on dips up to Rs 80.25 with a target price of Rs 89.25 with a stop loss at Rs 79. The time horizon for this trade is up to 10 days.
Amid the recovery in the Indian equity markets, domestic brokerage firm HDFC Securities has suggested three PSU stocks- National Fertilizers Ltd (NFL), BEML Ltd and RITES Ltd- to bet amid the scarce opportunities to make money. The brokerage has picked these stocks based on the sound technical parameters. Here's what the brokerage has to say about these counters:
The daily RSI of National Fertilizers has reached above 50, indicating sustainable uptrend. The daily MACD is above the signal line. The stock is above 10 and 20 days EMA and it has broken out from previous swing highs. One can add the stock on dips up to Rs 80.25 with a target price of Rs 89.25 with a stop loss at Rs 79. The time horizon for this trade is up to 10 days.