New Delhi: IIFL Securities on Friday three shares to buy and two stocks to sell. The brokerage gave a Buy rating on Delhivery, Paytm and Firstsource Solutions Ltd. The firm advised investors of Mahanagar Gas Ltd and NMDC to sell their shares.
Delhivery share price target
Giving a Buy rating on Delhivery, IIFL Securities advised the stock market enthusiasts to Buy the stock at Rs 415 per equity share with a target price of Rs 435 and Rs 450. The Stop Loss should be maintained at Rs 295. Delhivery share price ended at Rs 419.45.
Paytm share price target
The brokerage recommended investors to Buy Paytm shares at Rs 539 apiece with a target price of Rs 560 and Rs 582. The Stop Loss can be positioned at Rs 518, it added. Paytm shares closed the day on August 14 at Rs 544.
FSL share price target
Backing Firstsource Solutions shares to gain, the brokerage said the stock can be purchased at Rs 290 as it has the potential to rise to the levels of Rs 302 and Rs 312. The scrip can be safeguarded by maintaining a Stop Loss at Rs 278. Firstsource Solutions stock settled at Rs 298 on 14th August.
Sell NMDC shares
IIFL Securities advised NMDC shareholders to sell their stake at Rs 211 per equity share. The brokerage stated that the scrip can go down to the levels of Rs 204 and Rs 197. It advised the stakeholders to maintain the Stop Loss at Rs 218. NMDC share price ended at Rs 215 on August 14, 2024.
Sell Mahanagar Gas shares
Maintaining a Sell rating on Mahanagar Gas shares, the brokerage advised the stakeholders to offload their holdings at Rs 1747 apiece. The counter can drop to the levels of Rs 1694 and Rs 1645. It advised the MGL shareholders to safeguard the stock by keeping the Stop Loss at Rs 1799. Mahanagar Gas share price closed at Rs 1,744.40 on August 14, 2024.
(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 Buy and Sell: IIFL Securities gave Buy rating on Delhivery, Paytm and Firstsource Solutions Ltd. The firm asked Mahanagar Gas Ltd and NMDC shareholders to offload their stakes. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
