Trading ideas: 6 stocks that can give stellar returns in the short term
Trading Recommendations: Anand Rathi Shares and Stock Brokers is positive on Zee Entertainment with a target price of Rs 186.
Benchmark indices traded sideways with small gains in morning trade on Thursday. The Nifty was trading above 17,100-mark. FMCG, pharma and realty stocks rallied while auto and banks shares corrected. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 95.45 points or 0.17% at 57,443.47. The Nifty 50 index gained 38.9 points or 0.23% at 17,115.50. The broader market outperformed the frontline indices. The S&P BSE Midcap index was up 0.6% while the S&P BSE Smallcap index added 0.54%. The market breadth was strong. On the BSE, 1,923 shares rose and 894 shares fell. A total of 125 shares were unchanged. Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.
Recommendations by: Sneha Seth, Angel Broking
Bank of Baroda | Buy | Stop loss: Rs 76 | Target price: Rs 82.75
Torrent Pharma | Buy | Stop loss: Rs 3091 | Target price: Rs 3,280
Recommendations by: Rohit Singre, LKP Securities
Godrej Properties | Buy | Stop loss: Rs 1,500 | Target price: Rs 1,630
Tata Motors | Buy | Stop loss: Rs 290 | Target price: Rs 301
Recommendations by: Osho Krishan, Anand Rathi Share and Stock Brokers
Canara Bank | Buy | Stop loss: Rs 150 | Target price: Rs 174
Zee Entertainment | Buy | Stop loss: Rs 166 | Target price: Rs 186
(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.)