Trading ideas: five stocks recommendations for November 10
Centrum is bullish on M&M Finance with a price target of Rs 210 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 115 points at the opening bell. Overseas, Asian stocks are trading mixed on Wednesday trade as investors reacted to the release of Chinese inflation data for October. China’s consumer inflation for October came in roughly in line with expectations, according to official data released Wednesday. The consumer price index for October rose 1.5% from last year. Producer prices, however, rose more than expected. The producer price index for October surged 13.5% from last year. Here are five money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Milan Vaishnav, Gemstone Equity Research
Lupin | Buy | Stop loss: Rs 935 | Target: Rs 978
Ashok Leyland | Buy | Stop loss: Rs 144.50 | Target: Rs 161
Tata Consumer | Buy | Stop loss: Rs 828 | Target: Rs 865
Recommendations by: Nilesh Jain, Centrum
M&M Finance | Buy | Stop loss: Rs 198 | Target: Rs 210
UPL | Buy | Stop loss: Rs 738 | Target: Rs 765
(Disclaimer: The recommendations in this story are by the respective research and brokerage firm. Money9 & its management do not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)