New Delhi: IIFL Securities on September 6, 2024 (Friday) recommended stock market investors to buy shares of Avenue Supermarts Ltd (Dmart), Fsn E-Commerce Ventures Ltd (Nykaa), UTI Asset Management Company Ltd (UTI AMC), Bajaj Finance and PVR Inox. The brokerage projected the mentioned stocks to appreciate in the future and suggested share price target and Stop Loss.
The Sensex and Nifty closed lower on September 5, 2024 as losses were reported in Bharati Airtel, Reliance Industries, and L&T. The 30-share BSE Sensex settled at 82,201.16. The NSE Nifty closed at 25,145.10.
Stocks to Buy today
Dmart share price target
IIFL Securities gave a Buy rating on Dmart. The brokerage said the Avenue Supermarts stocks can be purchased at Rs 5270 per equity share with a target price of Rs 5400-5490. It suggested the Stop Loss of Rs 5140. Dmart share price closed at Rs 5,270.05 on September 5, 2024.
Nykaa share price target
The brokerage backed Nykaa shares to perform well and recommended buying Fsn E-Commerce Ventures stocks at Rs 216 per equity share with a target price of Rs 226 and Rs 234. It advised the shareholders to maintain the Stop Loss at Rs 206. Nykaa stock closed at R s216 on 5th September.
UTI AMC share price target
Maintaining a Buy rating on UTI AMC, the brokerage said the stock has the potential to rise. It said the scrip can be purchased at Rs 1267 apiece as it has the potential to rise to the levels of Rs 1330-1370. Safeguard the counter by positioning the Stop Loss at Rs 1200, it added. UTI AMC shares closed at Rs 1273 on Thursday.
Bajaj Finance share price target
Bajaj Finance shares can be bought at Rs 7245 per piece with a target price of Rs 7350-7450. The brokerage advised teh shareholders to maintain the Stop Loss at Rs 7120. Bajaj Finance share price settled at Rs 7235 on September 5.
PVR Inox share price target
IIFL Securities suggested buying PVR Inox at Rs 1580 per equity share. It projected the stock to rise to the levels of Rs 1620 and Rs 1660. The Stop Loss can be maintained at Rs 1535. The counter ended the day at Rs 1581.05 on 5th September.
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Stocks to Buy today: IIFL Securities gave a Buy Rating on shares of Dmart, Nykaa, UTI AMC, Bajaj Finance and PVR Inox. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
