Mumbai: Brokerage firm IIFL Securities seems positive on the shares of Brigade Enterprises Limited, Indian Renewable Energy Development Agency (IREDA), Zaggle Prepaid Ocean Services Ltd, Exide Industries and Vedanta Ltd. The brokerage gave a Buy rating on the above mentioned stocks of the companies.
The Sensex and Nifty plummeted nearly 1.50 per cent on November 28, 2024 as heavyweights welling was reported in Infosys, RIL and HDFC Bank stocks amid a mixed trend in global equities. The 3-share index barometer dropped 1,190.34 points to close at 79,043.74. The broader Nifty declined 360.75 points to settle at 23,914.15.
Brigade share price
IIFL Securities maintained a Buy rating on Brigade Enterprises with target price of Rs 1275 and Rs 1305. The brokerage advised the interested investors to buy the stock at Rs 1229 per equity share with the Stop Loss maintained at Rs 1185. The scrip closed at Rs 1235 on November 28, 2024.
Buy: 1229
Target 1: 1275
Target 2: 1305
Stop Loss: 1185
IREDA share price target
The brokerage backed the multibagger stock to gain after the recent ‘correction’. It said the counter can be purchased at Rs 209 apiece with a target price of Rs 220 and Rs 227. It advised the IREDA shareholders to position the Stop Loss at Rs 198
Buy: 209
Target 1: 220
Target 2: 227
Stop Loss: 198
Zaggle share price target
Giving a Buy call on Zaggle Prepaid Ocean Services, the brokerage stated that the stock can be purchased at Rs 498 per equity share as it has the potential to rise to the levels of Rs 523 and 542. The scrip should be safeguarded by maintaining the Stop Loss at Rs 473. Zaggle share price ended at Rs 498 on 28 November.
Buy: 498
Target 1: 523
Target 2: 542
Stop Loss: 473
Exide Industries share price target
IIFL Securities advised the stock market enthusiasts to pump in money to buy shares Exide Industries at Rs 457 apiece with target price of Rs 475 and 489. The Stop Loss should be maintained at Rs 439.
Buy: 457
Target 1: 475
Target 2: 489
Stop Loss: 439
Vedanta share price target
The brokerage advised buying Vedanta stock at Rs 452 per equity share as it projected the counter to appreciate to the levels of Rs 473 and Rs 488. The scrip should be safeguarded by maintaining the setting the Loss at Rs 431.
Buy: 452
Target 1: 473
Target 2: 488
Stop Loss: 431
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks to Buy today: IIFL Securities on November 29, 2024 recommended five stocks to buy – Brigade Enterprises, IREDA, Zaggle, Exide Industries, and Vedanta. The brokerage provided share price target and and stop-loss levels for each counter. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
