Trading ideas: 5 stock recommendations for August 4, Wednesday
Gemstone Equity Research and Advisory is positive on Apollo Hospitals with a target price of Rs 3,900
The benchmark equity indices are likely to open in the green on Wednesday tracking mixed global cues. Earlier, the benchmark equity indices closed at an all-time high level on Tuesday amid broad-based buying. The easing of restrictions and falling of active Covid-19 cases boosted market sentiment. The Nifty index hit a record high of 16,146.90 and managed to close above the 16,100-mark for the first time. The S&P BSE Sensex advanced 872.73 points or 1.65% at 53,823.36. The Nifty 50 index gained 245.6 points or 1.55% to 16,130.75. The 30-share index scaled a new all-time high of 53,887.98. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Mehul Kothari, Anand Rathi Share and Stock Brokers
Alembic Pharma | Buy | Stop loss: Rs 770 | Target price: Rs 815
Hero MotoCorp | Buy | Stop loss: Rs 2,750 | Target price: Rs 2,900
Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory
Marico | Buy | Stop loss: Rs 530 | Target price: Rs 570
Tata Consumer | Buy | Stop loss: Rs 750 | Target price: Rs 795
Apollo Hospitals | Buy | Stop loss: Rs 4,190 | Target price: Rs 3,900
(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.)