Axis Direct Recommends Nuvama, BEML, and Petronet LNG for November

Axis Direct named Nuvama Wealth Management, BEML, and Petronet LNG as its top stock picks for November, projecting upside potential of up to 27%.

The brokerage advised buying Nuvama between ₹1,764 and ₹1,800, with a target price range of ₹2,166– ₹2,349 and a stop-loss of ₹1,599.

For Nifty 50, Axis Direct noted a tightening range near upper resistance levels and identified 22,000 as a crucial short-term support zone.