New Delhi: IIFL Securities on Friday recommended buying shares of Grasim Industries, Electrosteel Castings, TVS Motor, UPL, and Raymond. The brokerage firm suggested share price target and Stop Loss for the mentioned stocks.
Grasim Industries share price target
IIFL Securities said Grasim Industries shares can be bought at Rs 2,755 apiece with a target price of Rs 2,838 and Rs 2,920. It said the shareholders should maintain a Stop Loss at Rs 2,672. Grasim Industries stock closed at Rs 2,756 on August 22, 2024. Grasim Industries share price appreciated around 25 per cent in the last six months and 53 per cent in 1 year.
Electcast share price target
Giving a Buy rating on Electrosteel Castings, the brokerage firm said the stock can be purchased at Rs 221 as it has the potential to rise to the levels of Rs 233 and Rs 243. It advised the stakeholders to safeguard the counter by maintaining the Stop Loss at Rs 210. Electcast has been a multibagger as the scrip gained 270 per cent in the past one year.
TVS Motor share price target
TVS Motor shares can be bought at Rs 2,707 per equity share with a target price of Rs 2,775 and Rs 2,840. The Stop Loss should be positioned at Rs 2,639, it added. TVS Motor Company share price settled at Rs 2704.60 on 22nd August. The stock rallied around 28 per cent in the past six months and nearly 100 per cent in 1 year.
UPL share price target
Maintaining a positive rating on UPL shares, IIFL Securities recommended buying the stock at Rs 580 with a target price of Rs 562 and Rs 598. The UPL shareholders can set the Stop Loss at Rs 615. UPL share price ended at Rs 579.50 on August 22. The stick has gained around 18 per cent in the last 6 months.
Raymond share price target
Buy Raymond share at Rs 2,025 apiece, IIFL Securities suggested. The brokerage said the scrip can appreciate to the levels of Rs 2,107 and Rs 2,180. The Stop Loss should be positioned at Rs 1,944, it added. Raymond share price ended the day at Rs 2,025.90 on August 22.
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Stocks to Buy today: IIFL gave a Buy rating on shares of Grasim Industries, Electrosteel Castings, TVS Motor, UPL, and Raymond. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
