Mumbai: IIFL Securities recommended buying shares of Torrent Pharma, Infosys and OIL India. The brokerage firm suggested selling stocks of Eicher Motors and Jubilant FoodWorks. It gave share price target and Stop Loss for the mentioned stocks.
The BSE Sensex tumbled 808.65 points to settle at 81,688.45 on October 4, 2024. The 30-share index barometer hit a low of 81,532.68 and a high of 83,368.32 intraday. The NSE Nifty declined 235.50 points to 25,014.60. During the day, the broader index touched a low of 24,966.80 and a high of 25,485.05.
Torrent Pharma share price target
Buy: Rs 3474
Target Price: Rs 3608-3680
Stop Loss: Rs 3342
IIFL Securities recommended buying shares of Torrent Pharma at Rs 3474 per equity share with a target price of Rs 3608-3680. The Stop Loss should be maintained at Rs 3342.
Infosys share price target
Buy: Rs 1918
Target: Rs 1976-2000
Stop Loss: Rs 1860
The brokerage form initiated a Buy rating on Infosys and advised interested investors to buy the stock at Rs 1918 with a target price of Rs 1976-2000. The scrip should be safeguarded by positioning the Stop Loss at Rs 1860.
OIL India share price target
Buy: Rs 573
Target Price: Rs 596-610
Stop Loss: Rs 550
OIL India shares can be purchased at Rs 573 as the counter has the potential to appreciate to the levels of Rs 596-610. The brokerage advised the shareholders to maintain the Stop Loss at Rs 550.
Eicher Motors share price target
Sell: Rs 4730
Target Price: Rs 4610-4530
Stop Loss: Rs 4850
Maintaining a Sell rating on Eicher Motors Ltd, IIFL Securities recommended the stock investors to offload their holdings at Rs 4730 per equity share and set the target price at Rs 4610-4530. The Stop Loss should be set at Ts 4850.
Jubilant FoodWorks share price target
Sell: Rs 630
Target price: Rs 605-590
Stop Loss: Rs 6554
Sell Jubilant FoodWorks stock at Rs 630 per equity share, the brokerage form stated. The target price of the counter should be set at Rs 605-590 and the Stop Loss positioned at Rs 6554.
(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 on October 7, 2024 recommended buying shares of Infosys, OIL India and Torrent Pharma. The brokerage firm suggested offloading stocks of Eicher Motors and Jubilant FoodWorks. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
