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HomeSTOCKSAs The Temperature Increases, This Four Stock Will Give Huge Return; Know...

As The Temperature Increases, This Four Stock Will Give Huge Return; Know Share Target Price

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Indian Metrological Department (IMD) has predicted heat web in many states like Karnataka, Maharashtra, and Delhi. As the temperature increases, the demand for ACs, fridges, and coolers will increase and the shares of the companies manufacturing them will also rise. 

There are four stocks that you can invest in during the summer months.

Brokerage said, “After the warning of IMD, there is an increase in the shares of air condition companies amid expectations of higher demand for cooling solutions in the coming summer. According to the IMD report, from April to June, There will be more heat due to increased mercury levels in 2024. Although this was not expected last summer, some early signs of increased heat are visible across India this summer.”

Symphony Ltd Prices Can Go Up To Rs 1524

Shares of Symphony Ltd are trading in the green today at Rs 954.40. It has jumped 11% in just five trading sessions. Technically, the stock has been on a strong uptrend for the last 2-3 years. 

The risk of downside is small at 962 and the support level is 800. Any dip below 920 for an eventual target of 1200 to 1524, with a stop loss of 800 would be logical for a profitable investment for the shares.

Buy Bajaj Electricals Ltd For The Target Of Rs 1205

Bajaj Electricals Ltd is trading near the trendline support mark of 900 on its weekly chart. Any move towards the 875-900 range is an opportunity to buy the stock. In this, keep the weekly stop loss slightly below 840 for a possible target of 1205 and above.

Voltas Target Price Is Rs 1358

On its short-term charts, Voltas Ltd has shown a strong rise above its current resistance line at 1139.60 and appears to be on track for an impressive rise to 1356. If the stock does experience a decline, it is expected to take hold between the 1120-1140.

A major support is located at 1020. It is likely to be able to reach a goal of 1358 and higher. Currently, this stock is trading one percent higher at Rs 1202.70. It has also seen a rise of more than 10 percent in the last 5 days.

Blue Star Ltd Target Price Rs 1640

Technically, the price is consolidating within the 12-20 to 1359-year range. Any drop towards 1250-1260 is an excellent opportunity to buy the stock.

In the coming time, it may reach near the level of 1500-1640. Since the trend continues to climb.

In this case the stop loss, it should be set at 1100. Today, it’s trading at 1325 rupees, with the gain being over one percent.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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