Mumbai: IIFL Securities on November 6, 2024, i.e., Wednesday recommended buying shares of
Valor Estate, National Aluminium, Ultratech Cement, Ashok Leyland and Oil India for gains. The brokerage firm suggested share price target and Stop Loss for the mentioned stocks.
The benchmark BSE Sensex on November 5 (Tuesday) recovered its early losses and jumped 694.39 points to end the day settle at 79,476.63. The NSE Nifty gained 217.95 points to finish at 24,213.30 as 39 of its constituents advanced and 11 declined. The indices rose as late buying was reported in banking, steel and oil & gas shares amid firm trends in global equities.
Valor Estate share price target
Buy: 163.75
Target price: Rs 170-175
Stop Loss: Rs 156
IIFL Securities maintained a Buy Call on Valor Estate, stating that the stock can be purchased at Rs 163.75 per equity share with a target price of Rs 170-175. It advised the shareholders to maintain the Stop Loss at Rs 156. Valor Estate stock closed with over 1 percent gains at Rs 163.66 on November 5, 2024.
National Aluminium share price target
Buy: Rs 235
Target price: Rs 242-248
Stop Loss: Rs 228
The brokerage firm advised the stock market enthusiasts to pump in money to buy shares of National Aluminium at Rs 235 apiece. It projected the counter to rise to the levels of Rs 242-248 with the Stop Loss positioned at Rs 228. National Aluminium share price finished in Green at Rs 234.40.
Ashok Leyland share price target
Buy: Rs 211.80
Target price: Rs 224-230
Stop Loss: Rs 201.80
IIFL Securities gave a Buy rating on Ashok Leyland at Rs 211.80 per equity share. The brokerage firm suggested the share price target to be set at Rs 224-230. The Stop Loss should be positioned at Rs 201.80. Ashok Leyland stock finished at Rs 212.30 on 5th November.
Ultratech Cement share price target
Buy: Rs 11176
Target price: Rs 11420-11600
Stop Loss: Rs 10930
The brokerage backed Ultratech Cement saying that the cement stock is projected to appreciate. It said the stock can be bought at Rs 11176 per equity share as it has the potential to increase to the levels of Rs 11420-11600. The scrip should be safeguarded by positioning the Stop Loss at Rs 10930. Ultratech Cement share price ended with gains at Rs 11,185.00 on Tuesday
Oil India share price target
Buy: Rs 496
Target price: Rs 512-522
Stop Loss: Rs 480
IIFL Securities advised the stock market enthusiasts to buy shares of Oil India at Rs 496 per equity share with a target price of Rs 512-522 and the Stop Loss placed at Rs 480. Oil India share price jumped nearly 5 percent to close at Rs 495.
(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 shares of Ashok Leyland, Ultratech Cement, Oil India, Valor Estate, and National Aluminium. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
