Trading ideas: four stock recommendations for November 12
Anand Rathi is bullish on Balrampur Chini Mills with a price target of Rs 365 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 49 points at the opening bell. Overseas, Asian stocks are mostly trading higher on Friday following overnight gains for tech stocks stateside as the Nasdaq Composite rebounded. In US, the S&P 500 and Nasdaq rebounded from two days of declines on Thursday as beaten-down chipmakers led gains, but losses in Walt Disney due to slowing subscriber growth in its streaming video service weighed on the Dow. Here are 4 money making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Osho Krishan, Anand Rathi
Balrampur Chini Mills | Buy | Stop loss: Rs 321 | Price target: Rs 365
Dr. Reddy’s | Buy | Stop loss: Rs 4,630 | Price target: Rs 5,050
Recommendations by: Mudit Goyal, SMC Global Securities
L&T Technology Services (LTTS) | Buy | Stop loss: Rs 5,120 | Price target: Rs 5,360
Larsen & Toubro Infotech (LTI) | Buy | Stop loss: Rs 7,050 | Price target: Rs 6,900
(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.)