New Delhi: Stock market expert Kishore Ostwal, CMD at CNI Research, has given a BUY call on shares of Forbes and BHEL. While Forbes has reduced its debt recently, BHEL is a key PSU stock which has been in demand owing to the government plans for infrastructural and industrial expansion. As markets continued to scale new peaks on Thursday, all eyes will be on the BSE Sensex and the NSE Nifty on the last day of the week when investors may book profits ahead of market closing for the week. While the Sensex closed at a new high of 76,810.90, up 204.33 points or 0.27 per cent, the Nifty closed the day at 23,398.90, up 75.95 points, or 0.33 per cent on Thursday.
Forbes share price
Ostwal gave a target price of Rs 2,000 apiece for Forbes’ share price with entry at Rs 660 per share and a stop loss of RS 550 apiece. Ostwal cited the company’s land bank of 200 acres and debt repayment against Tata Sons shares as reasons for a potential upside to Forbes’ stock.
Forbes’ share closed at Rs 666.35 apiece on Thursday, up 2.68 per cent.
The company’s stock was up 6.96 per cent in the past 5 days.
Forbes’ share price slipped 0.72 per cent over the past month.
Over the past 6 months, it was down 14.27 per cent.
The company’s share price was up 11.54 per cent over the past year.
BHEL share price
Market expert Kishore Ostwal has given a BUY call for BHEL’s shares with an entry price of Rs 304 per share, and BHEl share target price of Rs 370 per share. The stop loss has been fixed at Rs 275 per share.
BHEL’s shares closed 3.34 per cent higher at Rs 305 apiece on Thursday.
The company’s stock was up 9.18 per cent over the past year.
Over the past month, the company’s stock rose 5.81 per cent.
BHEL’s share price was up 68.14 per cent over the past 6 months
BHEL’s stock price surged 263.74 per cent over the past year
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Stock to BUY: Stock market expert Kishore Ostwal has given a BUY call on the shares of Forbes and BHEL. Check target price and stop loss. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
