New Delhi: Stock Market expert Arun Mantri on Thursday recommended buying shares of BPCL, Greenply Industries and Tata Power for short term profits. The expert provided target price and Stop Loss for the three mentioned stocks.
BPCL share price target
Giving a buy call on BPCL, the expert said that the stock can be purchased at market price with a target of Rs 640. He suggested the Stop Loss be maintained at Rs 575. The state-owned oil company stock gained around 29 per cent in the last six month and around 70 per cent in the past one year. BPCL reported a 35 per cent decline drop in its standalone net profit at Rs 4,224 crore in the last quarter of 2023-24. The company had posted Rs 6,478 crore net profit in the same period in 2023-24.
Buy Call on Greenply Industries
Buy Greenply Industries shares at market price, Arun Mantri, the founder of Mantri Finmart suggested. He said the shareholders should maintain the Stop Loss at Rs 252 and the target price can be set at Rs 298 for short term gains. The Greenply stock rallied around 40 per cent in the past six months and 69 per cent in one year. Announcing Q4 Resuts of 2024, the topline of Greenply increased by 27.84 per cent the profit surged by 156.34 per cent YoY.
Tata Power share price target
The stock market expert was also bullish on Tata Power stock. Recommending investors to pump in their money in buying Tata Power shares, Mantri said the stock has the potential to touch a target price of Rs 472 in the near future. He advised the shareholders to maintain the Stop Loss at Rs 420. Tata Power has given superb returns in the last six months and past 1 year. The power share rallied around 48 per cent and 100 per cent in the past 6 months and 1 year respectively.
Tata Power Company Ltd in its Q4 Results of 2023-24 declared a 15.19 per cent year-on-year surge in net profit at Rs 895 crore as compared to a net profit of Rs 777 crore in the last quarter of 2022-23.
Arun Mantri is a CA & SEBI registered investment advisor.
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Stock to invest: Stock Market expert Arun Mantri was bullish on shares of BPCL, Greenply Industries and Tata Power. He advised the investors to buy shares for short term profits. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
