Trading ideas: four stock recommendations for Wednesday
Axis Securities is bullish on Asian Paints with a price target of Rs 3,430 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 49 points at the opening bell. The Securities and Exchange Board of India (SEBI) on December 28 cleared the rules for tightening initial public offerings (IPOs). These rules will address gaps like conditions for the objective of IPOs, utilisation of proceeds from the share sales, price bands, anchor investors’ lock-in period and the size of the stake a majority shareholder may sell on listing day. Overseas, Asian stocks are trading mixed on Wednesday as investors assessed the impact of the omicron Covid 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
DLF | Buy | Stop loss: Rs 381 | Price target: Rs 395
Berger Paint | Buy | Stop loss: Rs 743 | Price target: Rs 771
Recommendations by: Rajesh Palviya, Axis Securities
Apollo Tyres | Buy | Stop loss: 212 | Price target: Rs 228
Asian Paints | Buy| Stop loss: Rs 3,325 | Price target: Rs 3,430
(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.)