Beware! These top 'sell' stocks by HDFC Securities can see up to 62% downside

Updated: 11 Mar 2022, 11:43 AM IST
TL;DR.

With most of the stocks in the bear grip following the recent correction amid the Russia-Ukraine crisis and inflation concerns as crude oil prices surge and rupee weakens, HDFC Securities has come out with a 'sell' list for March. These stock are likely to see a downside of up to 62 percent. Let's take a look:

JSW Energy: The brokerage has a target price of 118 for the stock, indicating a downside of 62.5 percent from its current market price of 315 per share on BSE on the back of surge in commodity prices. However, in the last 1 year, the stock has rallied over 250 percent but it has lost 8 percent just in March till now.

Avenue Supermart: HDFC Securities has a target price of 2,800 for the stock, implying a downside of 33 percent from its current market price of 4,167 on BSE. The brokerage is negative on the stock due to inflationary concerns as prices of raw materials rally. In the last 1 year, the stock has jumped 32 percent, however, it has lost over 4 percent in March 2022 till now.

Titan: The brokerage has a target of 1,850 for the stock, indicating a downside of 25 percent from its current market price of 2,467 on BSE. The company has added 68 percent in the last 1 year on the back of recover in demand post COVID restrictions, however, it has bot been able to maintain the rally as investors turn cautious amid the global tensions.

Trent: The brokerage has a target price of 860 for the stock, indicating a downside of 25 percent from its current market price of 1,150 on BSE. The stock has risen 26 percent in the last 1 year and around 10 percent in the last 2 months. Post the recent rise, HDFC Securities expect the stock to correct in the near future.

Bajaj Finance: The brokerage has a target price of 5,536 for the stock, indicating a downside of 16 percent from its current market price of 6,583 on the BSE. Despite the recent 6 percent decline in March till now, the brokerage expect the stock to correct further before witnessing any recovery. It has added 19 percent in the last 1 year.

First Published: 11 Mar 2022, 11:42 AM IST