Trading ideas: four stock recommendations for Thursday
Angel One is bullish on UPL with a price target of Rs 805 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 51 points at the opening bell. Overseas, Asian stocks are trading mixed on Thursday after data released overnight showed U.S. consumer inflation spiked in October. Wall Street closed sharply lower on Wednesday as surging consumer prices curbed investor risk appetite and stoked worries of a protracted wave of red hot inflation. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Rohit Singre, LKP Securities
Godrej Consumer Products | Buy | Stop loss: Rs 965 | Target: Rs 985-995
IndiaMART InterMESH | Buy | Stop loss: Rs 7,300 | Target: Rs 7,800-8,000
Recommendations by: Sneha Seth, Angel One
UPL | Buy | Stop loss: Rs 741 | Target: Rs 805
Hindalco | Sell | Stop loss: Rs 464 | Target: Rs 424
(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.)