New Delhi: IIFL Securities on Wednesday suggested buying shares of Hindustan Copper and Aurobindo Pharma. Predicting losses, the brokerage firm gave a Sell rating on three stocks – Bata India, L&T Finance, and IOC. It gave a share price target and Stop Loss for all the five mentioned stocks.
Hindustan Copper share price target
Buy at: Rs 326
Target Price: Rs 326-338
Stop Loss: Rs 300
Buy Hindustan Copper shares at Rs 313 apiece with a target price of Rs 326 and Rs 338, IIFL Securities recommended. The Stop Loss should be maintained at Rs 300, it added. hindustan copper share price closed at Rs 315.5 on August 13, 2024.
Aurobindo Pharma share price target
Buy at: Rs 1506
Target Price: Rs 326-338
Stop Loss: Rs 1457
Giving a Buy rating on Aurobindo Pharma, the brokerage said the stock can go to the levels of Rs 1555 and Rs 1600. It suggested the interested stock market investors to buy the scrip at 1506 per equity share with the Stop Loss set at Rs 1457. Aurobindo Pharma share price settled at Rs 1506.90 on 13th August.
Sell Bata India shares
Giving a negative rating on Bata India, IIFL Securities advised the shareholders to offload their holdings at Rs 1388 apiece. It said the counter can drop to the levels of Rs 1341 and Rs 1300. It further said the stock should be safeguarded by maintaining the Stop Loss at Rs 1435. Bata India share price ended at Rs 1406.80 on August 13.
L&T Finance share price
Sell L&T Finance shares at Rs 163 apiece, the brokerage firm stated. The share target price should be set at Rs 158 and Rs 153 with the Stop Loss maintained at Rs 168. L&T Finance share price closed at Rs 162.50 on August 13.
Sell IOC shares: IIFL Securities
IIFL Securities gave a negative rating on the PSU stock – IOC. The brokerage said the scrip can be offloaded at Rs 164 as it can go down to the levels of Rs 157 and Rs 150. It advised the IOC shareholders to maintain the Stop Loss at Rs 171. IOC share price settled at Rs 164 on 13th August.
(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 recommended buying Hindustan Copper and Aurobindo Pharma shares. The brokerage advised the shareholders of Bata India, L&T Finance, and IOC to sell their stake. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
