Diwali Picks: Buy this PSU stock for next Diwali, expert gives target of ₹ 200

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Diwali Picks: Experts have selected PSU Stock Hindustan Copper for the next Diwali. A target of Rs 200 has been given for this. Know the complete details of investment.

Diwali Picks: Diwali is on Sunday next week. This is considered the most auspicious time for investment. The market has also regained momentum. Nifty is at the level of 19230. If you are a long-term investor, then for the next Diwali, Mehul Kothari of Anand Rathi Shares and Stock Brokers has selected a PSU Stock Hindustan Copper for investors. This share is currently at the level of Rs 145 (Hindustan Copper Share Price).

 Hindustan Copper Share Price Target

The share of Hindustan Copper is at the level of Rs 145. The expert has given a target of Rs 200 and stoploss of Rs 100 for the next Diwali. Meaning, upside reward is Rs 55 and downside risk is Rs 45. The 52 week high for this stock is Rs 175 and low is Rs 95. The expert's target is more than 38 percent.

In which range to buy this stock?

 The expert said that this stock should be bought in the range of Rs 140-130. Expert said that multiple breakout has been found in this stock. Volume is also supporting this breakout. On the other hand, PSU Stocks are in action, the effect of which will also be seen.

 Hindustan Copper Share Price History

 This stock has given a return of 3.3 percent in one week. There has been a decline of about 10 percent in one month and 4 percent on the basis of three months. It has given returns of 33 percent so far this year, about 40 percent in one year and 335 percent in three years.

 (Disclaimer: The advice for investing in stocks here has been given by the brokerage house/expert. These are not the views of Googlekarle. Consult your advisor before investing.)