Stocks to buy: SBI, Steel Authority of India, Lupin, NMDC, Hindalco, Havells
Manish Shah of NiftyTriggers is positive on Hindalco with a target price of Rs 520-540.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 119 points at the opening bell. The Markit India PMI Services for September will be released today. In the near term, the Reserve Bank of India’s (RBI) monetary policy committee (MPC) is scheduled to meet during 6th to 8th October 2021. The MPC will announce its interest rate decision on Friday, 8 October 2021. IT major TCS will announce its Q2 results on Friday, 8 October 2021. Infosys will announce Q2 results on 13 October 2021. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Nirav Chheda, Nirmal Bang Securities
Steel Authority of India | Buy | Stop loss: Rs 115 | Target price: Rs 130
NMDC | Buy | Stop loss: Rs 143 | Target price: Rs 158
Lupin | Buy | Stop loss: Rs 940 | Target price: Rs 1,000
Recommendations by: Manish Shah, NiftyTriggers
Hindalco | Buy | Stop loss: Rs 480 | Target price: Rs 520-540
State Bank of India | Buy | Stop loss: Rs 460 | Target price: Rs 480-500
Havells | Buy | Stop loss: Rs 1350 | Target price: Rs 1,440-1,500
(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.)