Trading ideas: 6 stock recommendations for August 26, Thursday
Rohit Singre of LKP Securities is positive on Aditya Birla Capital with a target price of Rs 112.
The benchmark equity indices BSE Sensex and NSE Nifty may see a cautious start on Thursday on the day of F&O expiry of August contracts amid mixed Asian cues. Also, volatility may creep in the markets as investors are keeping their powder dry ahead of the Jackson Hole Symposium. There will be some cautiousness as India recorded a massive spike of 46,307 new Covid-19 cases in the past 24 hours out of which, over 31,000 were from Kerala. The country also witnessed 608 deaths, taking the death toll to 436,396. So far, India has recorded 32,557,677 corona cases in total. Traders may take note of the report that finance minister Nirmala Sitharaman said State-run banks will undertake a nation-wide loan outreach programme around October, as the government seeks to stir economic growth through sustained credit push, especially to Covid-hit small and medium businesses, retail and farm sectors, amid fears that bankers have turned risk-averse.
The US markets ended higher on Wednesday extending a recent uptrend amid continued optimism about growth and on hopes the Federal Reserve might not begin tapering its bond-buying program anytime soon. Asian markets are trading mixed on Thursday after South Korea became the first country to raise interest rates in the pandemic era.
Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.
Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group
National Aluminium | Buy | Stop loss: Rs 78.60 | Target price: Rs 87
Trent | Buy | Stop loss: Rs 889 | Target price: Rs 980
Recommendations by: Rohit Singre, LKP Securities
Aditya Birla Capital | Buy | Stop loss: Rs 100 | Target price: Rs 112
HDFC Life | Buy | Stop loss: Rs 660 | Target price: Rs 720
Recommendations by: Sneha Seth, Angel Broking
SBI Card | Buy | Stop loss: Rs 1,037 | Target price: Rs 1,099
TVS Motors | Buy | Stop loss: Rs 508 | Target price: Rs 539
(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.)