Mumbai: IIFL Securities recommended stock investors to pump in their money to buy shares of City Union Bank Ltd, HDFC AMC, PFC, Escorts Kubota and Poonawalla Fincorp. The brokerage projected to surge and shared target price and Stop Loss for the mentioned stocks.
The benchmark BSE Sensex closed higher by nearly 364 points on October 29, 2024 backed by late buying in banking and oil shares. The 30-share barometer surged 363.99 points to settle at 80,369.03. The Sensex reported that 16 of its components closed higher and 14 ended lower. The NSE Nifty appreciated 127.70 points or to finish 24,466.85.
HDFC AMC share price target
Buy 4419
Target price: 4575-4680
Stop Loss: Rs 4264
IIFL Securities suggested buying HDFC AMC shares at Rs 4419 apiece with a target price of Rs 4575-4680 and the Stop Loss be maintained at Rs 4264. The stock closed with over 2 percent gains at Rs 4,428.15 on October 29.
City Union Bank share price target
Buy: Rs 177
Target price: Rs 186-192
Stop Loss: Rs 168
Giving a Buy call on City Union Bank Ltd, the brokerage stated that the stock can be purchased at Rs 177 as it has the potential to rise to the levels of Rs 186-192. The Stop Loss should be positioned at Rs 168. The counter finished with over 2.50 percent gains at 176.39 on Tuesday.
PFC share price target
Buy: Rs 472
Target price: Rs 495-510
Stop Loss: Rs 449
Initiating a Buy call on PFC, IIFL Securities suggested the market enthusiasts buy the counter at Rs 472 per equity share with a target price of Rs 495-510. The brokerage said the scrip should be safeguarded by maintaining the Stop Loss at Rs 449. The scrip closed at Rs 472.15.
Escorts Kubota share price target
Buy: Rs 3542
Target price: 3675-3750
Stop Loss: Rs 3410
Escorts Kubota shares can be bought at Rs 3542 apiece with a target price of Rs 3675-3750, the brokerage recommended. It advised the shareholders to set the Stop Loss at Rs 3410. Escorts finished at Rs 3547 on Tuesday.
Buy Call on Poonawalla share
Buy: Rs 340
Target price: Rs 354-365
Stop Loss: Rs 326
IIFL Securities initiated a Buy rating on Poonawalla Fincorp at Rs 340 per equity share. The brokerage said the counter has the potential to rise to the levels of Rs 354-365. The Stop Loss should be positioned at Rs 326. Poonawalla stock ended the day at Rs 336.50.
(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 today: IIFL Securities initiated a Buy rating on Escorts Kubota, PFC, Poonawalla Fincorp, City Union Bank Ltd, and HDFC AMC. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
