Money making ideas: 6 stock recommendations for September 8, Wednesday
Mudit Goyal of SMC Global Securities is positive on LIC Housing Finance with a target price of Rs 436.
Indian markets closed flat on Tuesday and snapped a three-day gaining streak as IT, banks, and realty stocks dragged indices down. Today, the markets are likely to make flat-to-positive start amid mixed global cues. Some support will come as the finance ministry said income taxpayers can file applications before the interim board for settlement of pending tax cases at the Income Tax Settlement Commission (ITSC) level by September 30. The Finance Act, 2021, has amended the provisions of the Income Tax Act, 1961, to provide that the ITSC shall cease to operate with effect from February 1, 2021. Additionally, in a major move towards making domestic markets more liquid, capital markets regulator Sebi, on Tuesday introduced T+1 settlement cycle for completion of share transactions on an optional basis. Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.
Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory
HDFC | Buy | Stop loss: Rs 2,795 | Target price: Rs 2,930
Mahindra & Mahindra Financial Services | Buy | Stop loss: Rs 165 | Target price: Rs 180
HCL Technologies | Sell | Stop loss: Rs 1,200 | Target price: Rs 1,150
Recommendations by: Mudit Goyal, SMC Global Securities
Havells | Buy | Stop loss: Rs 1,425 | Target price: Rs 1,470
LIC Housing Finance | Buy | Stop loss: Rs 417 | Target price: Rs 436
(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)