Mumbai: IIFL Securities on November 14, 2024 (Thursday) advised stock market enthusiasts to purchase shares of Alkem Laboratories, Bharti Hexacom, Ashoka Buildcon. The brokerage, however, gave a SELL call on JSW Steel and Coal India. For the convenience of the investors, it provided share price target and Stop Loss for the mentioned stocks.
The stock market has been witnessing a very weak phase these days. The equity investors lost Rs 13 lakh crore in market valuation in the last two days (November 12 and 13) of crash in the BSE benchmark Sensex. The 30-share index Sensex plummeted 1,805.2 points in the last two days. On November 13, the barometer dropped 984.23 points to close at 77,690.95.
Buy rating on Bharti Hexacom share
Buy: 1426
Target 1: 1469
Target 2: 1500
Stop Loss: 1383
IIFL Securities backed Bharti Hexacom shares to appreciate. The brokerage initiated a Buy rating on the telecom stock, saying the counter can be purchased at Rs 1426 per equity share with a target price of Rs 1469 and Rs 1500. The Stop Loss should be maintained at Rs 1383.
Ashoka Buildcon share price
Buy: 234
Target 1: 245
Target 2: 252
Stop Loss: 224
The brokerage gave a Buy call on Ashoka Buildcon after the highway developer declared impressive Q2 Results 2024-25. The company reported a 334.27 per cent year-on-year (YoY) surge in net profit at Rs 462.5 crore during the second quarter of the current financial year. The brokerage said the Ashoka shares can be bought at Rs 234 apiece with a target price of Rs 245 and Rs 252. The scrip should be safeguarded by setting the Stop Loss at Rs 224.
Alkem share price target
Buy: 5571
Target 1: 5783
Target 2: 5940
Stop Loss: 5360
Giving a Buy Call on Alkem Laboratories, the brokerage advised the interested investors to purchase the stock at Rs 5571 with a target price of Rs 5783 and 5940. The Stop Loss should be positioned at Rs 5360.
Sell rating on JSW Steel
Sell: 939
Target 1: 912
Target 2: 893
Stop Loss: 965
IIFL Securities gave a Sell rating on JSW Steel and advised existing shareholders to offload their holdings at Rs 939 per equity share. The share price target should be set at Rs 912 and 893. The Stop Loss should be maintained at Rs 965.
Sell Coal India shares
Buy: 409
Target 1: 397
Target 2: 390
Stop Loss: 420
The brokerage advised the Coal India stakeholders to Sell the shares at Rs 409 apiece. It provided target price of Rs 397 and 390 with a Stop Loss of Rs 420.
(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 today – Alkem Laboratories, Bharti Hexacom, Ashoka Buildcon, IIFL Securities recommended. The brokerage initiated Sell Rating on JSW Steel and Coal India. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
