Trading ideas: Stock recommendations for September 16, Thursday
Sneha Seth of Angel Broking is positive on Rallis with a target price of Rs 310
Indian equity benchmarks ended at record closing highs on Wednesday as India’s exports rose by 45.76% to $33.28 billion in August, as against $22.83 billion in the same month last year. Today, the markets are likely to make a flat start with negative bias following mixed global cues. However, markets may get support on the report that the United Nations Conference on Trade and Development (UNCTAD) has pegged India’s economic growth rate to hit a four-year high of 7.2% for 2021 against a contraction of 7% in 2020. At this rate, India would be the fastest-growing economy after China, which is projected to grow by 8.3%. Calculations are based on GDP at constant dollars in 2015. Here are top money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Rohit Singre, LKP Securities
ACC | Buy | Stop loss: Rs 2440 | Target price: Rs 2520/2570
Alembic Pharma | Buy | Stop loss: Rs 780 | Target price: Rs 825/855
Recommendations by: Sneha Seth, Angel Broking
Rallis | Buy | Stop loss: Rs 291 | Target price: Rs 310
Tech Mahindra | Buy | Stop loss: Rs 1442 | Target price: Rs 1505
(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.)