Trading ideas: 4 stocks recommendations for Tuesday
Motilal Oswal Financial Services is bullish on L&T Technology Services with a price target of Rs 5,110 per share.
Trends on the Singapore stock exchange indicates that the Nifty could rise 5 points at the opening bell. On the macro front, India’s merchandise exports in October rose 42.3% on a year-over-year basis to touch $35.47 billion, as per preliminary trade data revealed by the Ministry of Commerce and Industry on Monday. Total merchandise imports in October, however, rose 62.5% to $55.37 billion. The trade deficit in the month of October widened to $19.9 billion compared to $9.15 billion, recorded in October 2020. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Mudit Goyal, SMC
Sun TV | Buy | Stop loss: Rs 575 | Target: Rs 615
Lupin | Buy | Stop loss: Rs 932 | Target: Rs 964
Recommendations by: Shivangi Sarda, Motilal Oswal Financial Services
L&T Technology Services | Buy | Stop loss: Rs 4,810 | Target: Rs 5,110
Grasim | Buy | Stop loss: Rs 1,730 | Target: Rs 1,890
(Disclaimer: The recommendations in this story are by the respective research and brokerage firm. Money9 & its management do not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)