Trading ideas: 6 stock recommendations for Thursday
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Domestic equity markets are likely to open in the green on Thursday tracking firm Asian cues. Earlier, the benchmark equity indices BSE Sensex and NSE Nifty extended their gains for the third consecutive session on Wednesday, boosted by strong Q4 results and vaccine optimism. The S&P BSE Sensex, jumped 789.70 points or 1.61% at 49,733.84. The Nifty 50 index gained 211.50 points or 1.44% at 14,864.55. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Rohit Singre, LKP Securities
Motherson Sumi | Buy | Stop loss: Rs 215 | Target price: Rs 230-235
Mphasis | Buy | Stop loss: Rs 1725 | Target price: Rs 1780-1800
Marksans Pharma | Buy | Stop loss: Rs 71 | Target price: Rs 75-77
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
Cholamandalam Financial | Buy | Stop loss: Rs 570 | Target price: Rs 605
ICICI Bank | Buy | Stop loss: Rs 608 | Target price: Rs 640
Tata Elxsi | Buy | Stop loss: Rs 3,200 | Target price: Rs 3500
(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.)