Mumbai: IIFL Securities on October 8, 2024 (Tuesday) recommended buying shares of CG Power, RR Kabel, Ambuja Cement, IndiGo and Syngene. The brokerage firm suggested share price target and Stop Loss for the mentioned stocks.
Investors’ wealth eroded by Rs 8.9 lakh crore as Sensex tumbled for sixth straight day on October 7. The equity benchmark indices BSE Sensex and NSE Nifty settled sharply lower after heavy selling was reported in bellwether stocks. The tensions in the Middle East and and outflow of foreign funds were also the reason for the decline.
CG Power share price target
Buy: Rs 760
Target price: Rs 798-820
Stop Loss: Rs 722
IIFL Securities initiated a Buy rating on CG Power. The brokerage advised the interested investors to pump in money to buy shares of CG power at Rs 760 apiece. The counter has the potential to rise to the levels of Rs 798-820 with Stop Loss maintained at Rs 722.
RR Kabel share price target
Buy: Rs 1773
Target Price: Rs 1845-1880
Stop Loss: Rs 1702
The brokerage backed RR Kabel shares to appreciate. The stock can be bought at Rs 1773 per equity share with a target price of Rs 798-820. The Stop Loss should be positioned at Rs 1702.
Ambuja Cement share price target
Sell: Rs 592
Target: Rs 575-563
Stop Loss: Rs 608
IIFL Securities projected Ambuja Cement shares to depreciate. The brokerage firm suggested selling the stock at rs 592 per equity share. It advised to set the target price at Rs 575-563 and the counter should be safeguarded by positioning the Stop Loss at Rs 608.
IndiGo share price target
Sell: Rs 4510
Target: Rs 4360-4300
Stop Loss: Rs 4658
Maintaining a Sell rating on Interglobe Aviation, the brokerage suggested IndiGo shares to be sold at Rs 4510. It said the target price should be set at Rs 4360-4300 levels. The Stop Loss should be maintained at Rs 4568.
Syngene share price target
Buy: Rs 870
Target: Rs 905-925
Stop Loss: Rs 836
IIFL Securities maintained a Buy rating on Syngene, saying that the stock can be purchased at Rs 870 per equity share. The brokerage advised the shareholders to set the target price at Rs 905-925 with the Stop Loss positioned at Rs 836.
(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 today: IIFL Securities initiated a Buy rating on CG Power, RR Kabel, and Syngene. The brokerage advised IndiGo and Ambuja Cement shareholders to offload their positions. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
