Equity market has been shut shop on lower level due to the profit booking on upper levels today. The BSE 30-share index Sensex remain unchanged at 26843 and the 50-share NSE index Nifty closed at 8221, down 1 point. Overall market had started with momentum but at the end of the day both index closed on pivots.
The Indian stock market is seeing a boom from some time. With signs of the better than expected economy level corporate earnings have improved due to market sentiments. So, in these circumstance you should invest in selected stocks. It can be found better returns with less risk. We are here suggesting you some penny stock to buy that may give you high return in short time. You can even invest with less capital in these stocks. It will give you better returns with less risk. SO here are penny stocks to buy:
Our research experts have advised to invest in Uniphos Enterprises of the chemical sector. As per them they have given a target level of 77 in stock for 2 to 3 quarters for long term investing. Currently, the stock is trading at a level of 51. We suggest that investors can increase investment between 35 and 39 at the time of fall in stock. The companies performance is depends on performance of UPL stocks, in which company is having a holding of 5.91 percent. Research experts are indicating that UPL has a better outlook in coming sessions.
We adviced to invest in Crompton Greaves’ stocks. The stock has a target of 80 level. Today the stock had closed at level 71. Company’s results were better than estimates. Fourth quarter’s net income been increased by 6 per cent to Rs 1,669 crore. While the profit declined from Rs 222 crore in the quarter stayed at Rs 122 crore.
We also advised to invest in the Firstsource Solutions. The Stock has a target level of 45. Today, the stock closed at 41.50. Net sales of the company increased from 3003 to is 3175 million a year in 2015-16. This is a growth of 5.7 per cent over the previous year. The profit is increased by 13 per cent to Rs 265 crore.