New Delhi: IREDA and HUDCO share prices will be in focus today since the government is likely to issue bonds to raise funds for the 2 companies in the Union Budget. The two companies are likely to issue bonds at a rate of 5.25 per cent. Stock market expert Mas Jaiswal gave his views on these stocks, PFC-REC an other stock picks on Money9.
HUDCO, IREDA share target price
The Maharashtra state government has given its go-ahead to a Rs 22,500 crore from HUDCO to purchase land in Virar-Alibaug. The PSU will lend another Rs 5,500 crore to fund the Pune Ring Road project. According to research analyst Manas Jaiswal, HUDCO’s shares display a positive medium- to long-term trend. He suggested a stop loss of Rs 274 per share.
IREDA is a better stock, according to Jaiswal. Investors can enter the stock at Rs 203.02 per share with a stop loss of Rs 188 per share and a share target price of Rs 220 per share.
PFC-REC share price target
In PFC’s stock there is a resistance at Rs 498 per share with stop loss at Rs 474 per share if you have made a long position. Otherwise, buy the stock at Rs 498 apiece, said Jaiswal.
REC will see key resistance at Rs 540 per share with a stop loss at Rs 514 per share, the expert said.
Dr Reddy’s, Infosys and Muthoot Finance
Dr Reddy’s has witnessed consolidation over the past 5 days. The stock closed at RS 6,209.90 apiece on Thursday and is ready to reach Rs 6,450 apiece levels with stop loss at Rs 6,100 apiece, according to Jaiswal.
Infosys: With the company’s focus on artificial intelligence, Infosys shares can be purchased at Rs 1,533.15 apiece. with stop loss at Rs 1,440 apiece, with Rs 1,700 share target price, said the stock market expert.
Muthoot Finance: Buy at current levels with a stop loss at Rs 1,790 per share and a target price of Rs 1,940 per share, according to Jaiswal.
Stocks to invest in: While HUDCO and IREDA will be in focus on expectations of a bond issue announcement in the Budget, stock market expert Manas Jaiswal also gave a Buy Call on PFC, REC. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
