Trading ideas: 5 stock recommendations for September 24, Friday
Chandan Taparia of Motilal Oswal Financial Services is positive on Apollo Hospital with a target price of Rs 5,300.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 21 points at the opening bell. Overseas, Asian stocks traded mixed on Friday even as US shares rallied overnight and easing fears of contagion from China Evergrande Group’s debt crisis. Although investors breathed a sigh of relief as concerns over China Evergrande’s debt woes receded somewhat, it remains unclear if and how the developer will pay the more than $300 billion of liabilities that it owes. US stocks gained more than 1% on Thursday as fears around a crisis in China’s property market eased somewhat and as the Federal Reserve kept current monetary stimulus in place for just a little bit longer. Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
Apollo Hospital | Buy | Stop loss: Rs 4,950 | Target price: Rs 5,300
Larsen & Toubro Inotech | Buy | Stop loss: Rs 5,850 | Target price: Rs 6,350
Recommendations by: Rohit Singre, LKP Securities
Tata Motors | Buy | Stop loss: Rs 308 | Target price: Rs 330/45
Piramal Enterprises | Buy | Stop loss: Rs 2720 | Target price: Rs 2820/50
Recommendation by: Shivangi Sarda, Motilal Oswal Financial Services
Axis Bank | Buy | Stop loss: Rs 789 | Target price: Rs 860
(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.)