Trading ideas: four stock recommendations for Monday
Axis Securities is bullish on Indiabulls Real Estate with a price target of Rs 205 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 125 points at the opening bell. On the macro front, India’s index of industrial production (IIP) grew by 3.2% in October, according to the data released by the Ministry of Statistics & Programme (MoSPI) on Friday. Industrial output, as measured by IIP, leapt 4.5% in October 2020 and surged 3.1% in September. Meanwhile, the mining output during October (2021) rose by 11.4%, whereas, manufacturing sector output jumped 2%. Electricity generation in October grew 3.1%. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
LIC Housing Finance | Buy | Stop loss: Rs 389 | Price target: Rs 405
Larsen & Toubro Infotech | Buy | Stop loss: Rs 6,500 | Price target: Rs 6,770
Recommendations by: Rajesh Palviya, Axis Securities
Indiabulls Real Estate | Buy | Stop loss: Rs 168 | Price target: Rs 205
Astral | Buy | Stop loss: Rs 2,240 | Price target: Rs 2,370
(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.)