Money making ideas: 5 stock recommendations for October 13, Wednesday

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 51 points at the opening bell. On the macro front, India’s retail inflation eased again in September, government data showed on Tuesday. Consumer price inflation fell sharply to 4.35% in September from 5.3% in August. The Consumer Price Index-based (CPI) inflation was at 7.27% in September 2020. The Index of Industrial Production has risen 11.9% year-on-year for the month of August as against 11.5% in July, fresh data showed. Last year in August, the IIP had contracted 7.1%. Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Bank of Baroda | Buy | Stop loss: Rs 85 | Target price: Rs 96

Ashok Leyland | Buy | Stop loss: Rs 135 | Target price: Rs 146

ITC | Buy | Stop loss: Rs 235 | Target price: Rs 252

Recommendations by: Nilesh Jain, Centrum Broking

Divi’s Labs | Buy | Stop loss: Rs 5175 | Target price: Rs 5450

GNFC | Buy | Stop loss: Rs 467 | Target price: Rs 500

(Disclaimer: Stocks recommendations by experts or brokerages are their own and not those of the website or its management. Money9.com advises market participants to check with certified experts before taking any buy, sell or hold decisions.)