Trading ideas: four stock recommendations for Thursday
Kotak Securities is bullish on Oberoi Realty with a price target of Rs 900 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 83 points at the opening bell. Overseas, most Asian stocks are trading higher on Thursday as traders bet the global recovery will be resilient to the new virus strain. Wall Street closed slightly higher on Wednesday with the three major indexes managing their third straight day of gains after test data showed the COVID-19 vaccine from Pfizer and BioNTech offered some protection against the new Omicron variant. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
Oberoi Realty | Buy | Stop loss: Rs 860 | Price target: Rs 900
Hindalco | Buy | Stop loss: Rs 439 | Price target: Rs 455
Recommendations by: Ravi Singh, ShareIndia
Torrent Power | Buy | Stop loss: Rs 570 | Price target: Rs 605
ICICI Bank | Buy | Stop loss: Rs 720 | Price target: Rs 760
(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.)