Mumbai: IIFL Securities recommended buying shares of Bajaj Housing Finance, MSTC Ltd, Trent, ACE, and JSW Energy. The brokerage recommended projected the stocks to rise. It provided target the share price target and Stop Loss for the mentioned counters.
The benchmark Sensex on December 5 soared 809 points ahead of RBI policy announcement. The 30-share Sensex jumped 809.53 points to close at 81,765.86. The NSE Nifty jumped 240.95 points to settle at 24,708.40. The equity investors became richer by Rs 15.18 lakh crore in five days of market rally.
Bajaj Housing Finance share price target
IIFL Securities maintained Buy rating on Bajaj Housing Finance saying the stock can be purchased at Rs 147 per equity share with a target price of Rs 154 and Rs 160. The Stop Loss should be maintained at Rs 140.
Buy: 147
Target 1: 154
Target 2: 160
Stop Loss: 140
MSTC share price target
The brokerage advised the market investors to pump in money to buy MSTC shares at Rs 765 apiece as it is projected to appreciate to the levels of Rs 798 and Rs 820. The Stop Loss should be positioned at Rs 732.
Buy: 765
Target 1: 798
Target 2: 820
Stop Loss: 732
Trent share price target
Buy: 6970
Target 1: 7180
Target 2: 7335
Stop Loss: 6760
IIFL Securities initiated a Buy rating on Trent, advising the counter to be bought at Rs 6970 with a target price of Rs 7180 and Rs 7335. The counter should be safeguarded by maintaining the Stop Loss at Rs 6760.
ACE share price target
The brokerage advocated for ACE stock and recommended investors to pump in money to get the counter into their kitty. It advised to buy the stock at Rs 1427 apiece with a target price of Rs 1477 and Rs 1517. The Stop Loss should be set at Rs 1373
Buy: 1427
Target 1: 1477
Target 2: 1510
Stop Loss: 1373
JSW Energy share price target
Giving a Buy call on JSW Energy, the brokerage said the stock can be bought at Rs 665 per equity share. It projected the stock to rise to the levels of Rs 692 and Rs 710. The Stop Loss shoule be set at Rs 638.
Buy: 665
Target 1: 692
Target 2: 710
Stop Loss: 638
(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 backed Trent, ACE, JSW Energy, Bajaj Housing Finance, and MSTC Ltd to increase. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
