Mumbai: India Infoline on Monday recommended three stocks to buy and two stocks to sell. The brokerage firm suggested buying shares of Shriram Finance, Union Bank and Lodha or Macrotech Developers. The firm gave a ‘Sell’ call on Persistent Futures and Laurus Labs.
Shriram Finance share price target
Recommending stock market investors to pump in their money in Shriram Finance, IIFL said that the stock can be purchased at Rs 2,354 per equity share witch a target price of Rs 2,440 and Rs 2,520. It advised investors to maintain the Stop Loss at Rs 2,270. Shriram Finance share price closed at Rs 2,385 on May 31, 2024.
Buy Union Bank of India share: IIFL
Union Bank of India shares can be purchased at Rs 160 a piece, the brokerage firm suggested. It advised the shareholders to set a target price of Rs 168 and Rs 176 with a Stop Loss of Rs 152. Union Bank share price closed at Rs 158.50 on May 31, 2024.
Lodha share price target
Buy Lodha or Macrotech Developers stock at Rs 1,378 per equity share, IIFL recommended. It asked the shareholders to maintain the target price at Rs 1,427 and Rs 1,475 with a Stop Loss of Rs and Rs 1,330. Persistent Systems share price closed at Rs 3,405 on May 31, 2024. Lodha share price closed at Rs 1,395 on May 31, 2024.
Sell Persistent Systems share
Giving a negative call on Persistent Systems, the brokerage firm recommended selling the shares. It advised the investors otp off load their holdings at Rs 3,433 and keep the target price at Rs 3,295 and Rs 3,170. It gave a Stop Loss of Rs 3,433. Persistent Systems share price closed at Rs 3,405 on May 31, 2024.
Sell Call on Laurus Labs
IIFL recommended selling shares of Laurus Labs at Rs 422. It suggested shareholders set the target price at Rs 408 and Rs 394 with a Stop Loss of Rs 436. Laurus Laboratories share price closed at Rs 419.30 on May 31, 2024. Laurus Labs share price closed at Rs 419.30 on May 31, 2024.
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India Infoline advised stock market investors to buy shares of Shriram Finance, Union Bank of India and Lodha or Macrotech Developers. The brokerage firm gave a ‘Sell’ call on Persistent Futures and Laurus Labs. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
