2 Small Cap Stocks HDFC Securities Bets On For Gains Of Up To 23% In 1-3 Months

1. JK Lakshmi Cement:

A company of the diversified JK Group has been betted on by HDFC Securities for a target price of Rs. 760/810 in the short term of 1-3 months. The stock is said to be making higher tops and higher bottoms for the last several months. There was seen a consolidation in the stock for some time and then the stock has broken out of the Rs. 632-685 levels on Tuesday on the back of above average volumes. This augurs well for the uptrend to continue. “Technical indicators are giving positive signals as the stock is trading above the 20 and 50 day SMA. Daily momentum indicators like the 14-day RSI have bounced back and are in rising mode now. This augurs well for the uptrend to continue. With the intermediate technical setup too looking positive, we believe the stock has the potential to move higher in the coming weeks and therefore recommend a buy” says the brokerage report.

2. Sasken Technologies:

HDFC Securities is bullish on this product engineering and digital transformation company for gains in the short term. Stock as per HDFC Securities is believed to have broken out on the daily chart with higher volumes. The brokerage is of the view that “Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA” Oscillators like RSI and MFI is showing strength in the current uptrend. Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current uptrend. Considering the Technical evidences discussed above, we recommend buying SASKEN at CMP of 1318.15 and average at 1220 for the upside targets of 1480 and 1600, keeping a stop-loss at 1180″, added the brokerage firm in its report.

Disclaimer:

2 stocks listed above for quick gains are taken from the brokerage report of HDFC and readers should not construe the information as investment advice.