Mumbai: With the stock market all set to open, IIFL Securities on Thursday recommended buying shares of Electrosteel Castings Ltd, IDBI Bank, Crompton Greaves Consumer Electricals, Havells India and Nykaa. The brokerage firm suggested share price target and Stop Loss for all the mentioned stocks.
Electrosteel Castings share price target
IIFL Securities recommended stock market enthusiasts to buy shares of Electrosteel Castings at Rs 210 apiece with a target price of Rs 218 and Rs 227. The Stop Loss should be maintained at Rs 200, it advised. Electcast share price closed at Rs 212.80 on NSE on July 24, 2024. The company is engaged in Cast Iron Pipe and has its presence in 5 continents and over 110 countries.
IDBI Bank share price target
Giving a Buy rating on IDBI Bank, the brokerage firm suggestd the investors to buy the banking stock at Rs 97.50 per enquiry share as it has the potential to appreciate to the levels of Rs 101 and Rs 106, with the Stop Loss positioned at Rs 93.5. The banking stock closed at Rs 97.87 on NSE on July 24. IDBI Bank Limited is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India and the Indian government.
Crompton share price target
Maintaining a Buy call on Crompton Greaves Consumer Electricals shares, the brokerage firm said the stock can be bought at Rs 443 apiece as it can rise to the levels of Rs 456 and Rs 470. The Stop Loss should be positioned at Rs 429, it added. Crompton share price closed at Rs 442.50 on NSE on 24th July. The electrical company has a legacy spanning over 85+ years and is a leading firm in consumer durables and lighting brands in India.
Havells India share price target
Buy Havells India shares, IIFL Securities recommended. The firm suggested the stock be purchased at Rs 1,792 with a target price of Rs 1,840 and Rs 1,880, with the Stop Loss maintained at Rs 1,740. Havells share price closed at Rs 1,795 on NSE on July 24. Havells is India’s one of the top brands for electrical equipment and home appliances.
Nykaa share price target
IIFL Securities suggested buying shares of Nykaa at Rs 185 apiece with a target price of Rs 192 and Rs 200. The Stop Loss should be positioned at Rs 177. Fsn E-Commerce Ventures owns Nykaa. The stock closed at Rs 184.30 on July 24. The company is engaged in the business of selling beauty and wellness products.
Stocks to Buy Today: IIFL Securities maintained a Buy rating on shares of Electrosteel Castings Ltd, IDBI Bank, Crompton Greaves Consumer Electricals, Havells India and Nykaa. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
