Mumbai: IIFL Securities on Thursday backed shares of Cholamandalam Investment and Fin Co Ltd, Hindustan Unilever (HUL) and JK Cement to increase in 2-3 days. Giving a Buy call on the three mentioned stocks, the brokerage gave share price target and also suggested Stop Loss.
Meanwhile, IIFL Securities projected to find support at around 25000 while 25400 is likely to act as the resistance level. Bank Nifty is likely to find support at around 51000 while 51900 is likely to act as resistance level on the upside, it added.
Cholafin share price target
Maintaining a Buy rating on Cholafin, IIFL Securities suggested buying shares in the range of Rs 1480-1488 with a target price of Rs 1,515. The Stop Loss should be maintained at Rs 1,472. Cholamandalam Investment and Fin Co Ltd share closed at Rs 1519.05 on September 4, 2024.
Hindustan Unilever share price target
The brokerage suggested buying shares of Hindustan Unilever (HUL) as the FMCG major stock has the potential to rise in the next 2-3 days. Buy HUL in the range of Rs 2830-2842 as it has the potential to rise to the level of Rs 2880. The scrip should be safeguarded by maintaining the Stop Loss at Rs 2810, it advised the shareholders. Hindustan Unilever stock settled at Rs 2840.05 on 4th September.
JK Cement share price target
IIFL Securities gave a Buy call on JK Cement shares saying that the stock is projected to appreciate in next 2-3 days. It suggested buying the cement stock at Rs 4660-4670 per equity share with a target price of Rs 4750. The Stop Loss should be positioned at Rs 4620, the brokerage stated. JK Cement shares ended at Rs 4694.45 apiece on September 5.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks to invest for short term: IIFL Securities on September 5, 2024 gave a Buy rating on Cholamandalam Investment and Fin Co Ltd, Hindustan Unilever (HUL) and JK Cement. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
