Stocks to buy: Federal Bank, Biocon among top four stock picks by SMC Global Securities for this week
₹435.8 lakh crore from nearly ₹435.6 lakh crore in the previous session.The biggest reason behind the rise in the benchmark indices on Tuesday was solid gains in the shares of banking heavyweights. The frontline indices posted their best day in more than two weeks.
Financials gained two per cent and banks rose 1.7 per cent. The two indexes were the top sectoral percentage gainers.In the current market scenario, domestic brokerage firm SMC Global Securities has released its top four stock picks for this week.
The brokerage has selected the quality stocks on technical as well as fundamental parameters. The stocks have robust fundamentals and are well-placed to yield good returns for investors in the next one-year time frame, according to the brokerage.Milestone Alert!
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