After a week of bloodbath between December 16 and December 20, 2024, the markets recovered a bit on Monday, December 23. Sensex 30 rose 498.58 points (or 0.64%) to close at 78,540.17, while Nifty 50 went up by 165.95 points (or 0.70%) to close the day at 23,753.45.
Triggered by weak by global markets, selling spree by the FIIs and what has been described by analysts as sluggish earnings growth, Sensex 30 fell almost 4,000 points in last week, which was a record of 2 years. IIFL Securities has recommended Buy for Jindal Steel and Power, Jubilant FoodWorks, PB Fintech and Caplin Point Laboratories. There is a Sell signal for Hero Motocorp. For the convenience of investors IIFL Securities has mentioned 2 target prices and stop loss. Buy has been recommended for four stocks while a Sell has been advised for one stock.
Jindal Steel and Power
The market price of Jindal Steel and Power Ltd (NSE: JINDALSTEL) has been mentioned as Rs 940.80. IIFL Securities has mentioned Buy at Rs 941. The two target prices are Rs 974 and 998. The stoploss is at Rs 908.
Hero Motocorp
The details of IIFL Securities recommendation about Hero Motocorp Ltd (NSE: HEROMOTOCO) are the following. It’s a Sell signal.
Current market price: Rs 4,272.60
Sell: Rs 4,308
Target 1: Rs 4,200
Target 2: Rs 4,120
Jubilant FoodWorks
The details about Jubilant FoodWorks (NSE: JUBLFOOD) that IIFL Securities provided are Current market price of Rs 691.65. The Buy is at Rs 692, while the 2 targets are Rs 722 and Rs 743. The stoploss is Rs 663.
PB Fintech
The details of the Buy recommendation that IIFL Securities provided about PB Fintech (NSE: POLICYBZR) are the following:
Current market price: Rs 2,116.40
Buy: Rs 2,117
Target price 1: Rs 2,180
Target price 2: Rs 2,225
Stoploss: Rs 2,117
Caplin Point Laboratories
The market price of Caplin Point Laboratories (NSE: CAPLIPOINT) has been mentioned as Rs 2,417.65. IIFL Securities has given a Buy at Rs 2,418. The two target prices are Rs 2,510 and Rs 2,575 while the stoploss is at Rs 2,327.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Among the shares which are recommended for ‘Buy’ by IIFL Securities today (December 24, 2024) are Jindal Steel and Power, Jubilant FoodWorks, PB Fintech and Caplin Point Laboratories. There is a Sell signal for Hero Motocorp. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
