Mumbai: IIFL Securities on November 8, 2024 (Friday) initiated a Buy rating on Vijaya Diagnostic, Motisons Jewellers and JSW Energy. The brokerage advised the Aurobindo Pharma and Muthoot Finance shareholders to offload their equities. The firm suggested share price target and Stop Loss for the mentioned stocks.
The BSE Sensex and NSE Nifty on Thursday plunged more than 1 percent after 2-day rally as banks and auto shares took a hit. The Sensex dropped 836 points due to profit-taking and ended the day at 79,541.79. The NSE Nifty declined 284.70 points to close at 24,199.35.
Vijaya Diagnostic share price
Buy: 1025
Target 1: 1075
Target 2: 1100
Stop Loss: Rs 975
IIFL Securities maintained a Buy rating on Vijaya Diagnostic. The stock is advised to be purchased at Rs 1025 with a target price of Rs 1075 and 1100. The firm said the Stop Loss can be maintained at Rs 975.
Buy call on Motisons Jewellers share price
Buy: 308
Target 1: 320
Target 2: 330
Stop Loss: Rs 296
IIFL Securities forecast says that Motisons Jewellers share price is expected to gain. The brokerage recommended stock market enthusiasts to buy the stock at Rs 308 per equity share with a target price of Rs 320-330. The Stop Loss should be set at Rs 296, it added.
Buy Rating on JSW Energy share price
Buy: 715
Target 1: 740
Target 2: 758
Stop Loss: 690
The brokerage projected JSW Energy share price to rise and advised the interested investors to pump in money to buy the share at Rs 715 apiece. It stated that the counter has the potential to rise to the levels of Rs 740-758. It asked the shareholders to safeguard the scrip by maintaining the Stop Loss at Rs 690.
Sell call on Aurobindo Pharma share
Sell: 1353
Target 1: 1316
Target 2: 1288
Stop Loss: Rs 1390
IIFL Securities projection predicts that Aurobindo Pharma share price may witness a downfall. The brokerage advised the shareholders of the pharma stock to sell the stock at Rs 1353 and also suggested the target price of Rs 1316-1288. It advised the stakeholders to position the Stop Loss at Rs 1390.
Sell Muthoot Finance shares
Sell: 1831
Target 1: 1790
Target 2: 1750
Stop Loss: Rs 1878
IIFL Securities forecast predicts Muthoot Finance share price to decline. Giving a Sell rating, it advised the shareholders to offload the the stock at Rs 1831 apiece. It also provided Target price of Rs 1790 and 1750. The Stop Loss should be set at Rs 1878.
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Stocks to Buy and Stocks to Sell: The share price of Vijaya Diagnostic, Motisons Jewellers and JSW Energy are projected to rise, IIFL Securities said on November 8, 2024 (Friday). The brokerage advised to sell shares of Aurobindo Pharma and Muthoot Finance. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
