Trading ideas: 5 stock recommendations for July 16
Centrum Broking is positive on Godrej Properties with a target price of Rs 1,600
The benchmark equity indices are likely to open in the green on Friday tracking mixed global cues. Earlier, the key equity indices ended with strong gains in the previous trading session. The barometer index, the S&P BSE Sensex, advanced 254.80 points or 0.48% to 53,158.85. The Nifty 50 index added 70.25 points or 0.44% to 15,924.20. Both the indices attained record closing high levels. Foreign portfolio investors (FPIs) sold shares worth Rs 264.77 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 439.41 crore in the Indian equity market on 15 July, provisional data showed. Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Nilesh Jain, Centrum Broking
Godrej Properties | Buy | Stop loss: Rs 1520 | Target price: Rs 1,600
Voltas | Buy | Stop loss: Rs 1025 | Target price: Rs 1070
REC Ltd | Buy | Stop loss: Rs 148 | Target price: Rs 156
Recommendations by: Dhaval P Vyas of Dhaval P Vyas Investment Research
Graphite India | Buy | Stop loss: Rs 652 | Target price: Rs 710
Intellect Design Arena | Buy | Stop loss: Rs 757 | Target price: Rs 818
(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.)