Trading ideas: 4 stock recommendations for Wednesday
Motilal Oswal Financial Services is bullish on Larsen & Toubro Infotech with a price target of Rs 7,150
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 22 points at the opening bell. Overseas, Asian stocks are trading mixed on Wednesday as China kept its benchmark lending rate unchanged. China on Wednesday kept the one-year loan prime rate (LPR) unchanged at 3.85% while the five-year LPR was also held steady at 4.65%. Here are 4 money making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shivangi Sarda, Motilal Oswal Financial Services
Larsen & Toubro Infotech | Buy | Stop loss: Rs 5,500 | Price target: Rs 7,150
Mahindra & Mahindra Financial Services | Buy | Stop loss: Rs 185 | Price target: Rs 200
Recommendations by: Mudit Goyal, SMC Global Securities
Coforge | Buy | Stop loss: Rs 5,820 | Price target: Rs 5,930
HDFC Bank | Buy | Stop loss: Rs 1,670 | Price target: Rs 1,720
(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.)