Stocks to buy: Galaxy Surfactants, Mankind Pharma and Engineers India; check share price target by Axis, rationale
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 ended the week at 22,422 as Indian equities started October on a weak footing.
- ✓Axis Direct analysts said select stocks like Galaxy Surfactants, Mankind Pharma, and Engineers India could offer upside.
- ✓"Immediate support lies at 22,200," the brokerage noted, as many factors keep the market sentiment low.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Nifty 50 ended the week at 22,422, marking an extended decline. Immediate support lies at 22,200. Key recommendations include Galaxy Surfactants, Mankind Pharma, and Engineers India, each presenting potential profits in the coming weeks, according to Axis Direct's analysis.
Indian equities entered October on a weak technical footing, with both the benchmarks Nifty 50 and Sensex extending their declines.
According to Axis Direct's weekly technical outlook, the Nifty has now formed a lower-low, lower-high pattern for eight consecutive weeks, marking its longest such streak since 2001. The brokerage said momentum indicators also point to continued weakness, although select stocks are showing stronger technical structures and could offer upside over the next three to four weeks.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
mint
Read the full, original unfiltered story directly on the publisher's portal.