Mumbai: IIFL Securities initiated a Buy rating on VA Tech Wabag, Sumi Chemicals, Can Fin Homes Ltd, and Computer Age Management Services Ltd. The brokerage advised Alkem Laboratories Ltd to sell the stock as it is likely to go down. The brokerage suggested share price target and Stop Loss for the mentioned stocks.
The stock markets dropped for the third straight day on October 23, 2024 due to relentless foreign fund outflows and profit-booking in auto, pharma and capital goods. The BSE Sensex went down 138.74 points to finish at 80,081.98 while the NSE Nifty ended lower by 36.60 points to 24,435.50.
Canfinhome share price target
Buy: Rs 872
Target price: Rs 908-930
Stop Loss: Rs 837
IIFL Securities suggested buying shares of Can Fin Homes Ltd at Rs 872 per equity share with a target price of Rs 908-930. The Stop Loss should be maintained at Rs 837.
Sumi Chemicals share price target
Buy: Rs 518
Target price: Rs 535-545
Stop Loss: Rs 504
Buy Sumi Chemicals shares at Rs 518 apiece, the brokerage recommended, adding that the stock has the ability to reach a target price of Rs 535-545. It advised the shareholders to position the Stop Loss at rs 504.
Wabag share price target
Buy: Rs 1706
Target price: Rs 1775-1820
Stop Loss: Rs 1638
Maintaining a Buy rating on VA Tech Wabag, IIFL Securities said the stock can be purchased at Rs 1706 per equity share as it has the potential to rise to the levels of Rs 1775-1820. The scrip should be safeguarded by setting the Stop Loss at Rs 1638.
CAMS share price target
Buy: Rs 4560
Target price: Rs 4725-4840
Stop Loss: Rs 4395
Initiating a Buy rating on CAMS, the brokerage suggested stock market enthusiasts to buy the stock at Rs 4560 per equity share. The share price target should be kept at Rs 4725-4840 with the Stop Loss being positioned at Rs 4395
Alkem share price target
Buy: 5869
Target price: Rs 5630-5460
Stop Loss: Rs 6105
The brokerage gave a Buy call on Alkem Laboratories, suggesting that the shareholders should offload their holdings at Rs 5869 apiece while target price should be set at Rs 5630-5460. The Stop Loss should be positioned at Rs 6105.
(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 recommended buying shares of VA Tech Wabag, Sumi Chemicals, Can Fin Homes Ltd, and Computer Age Management Services Ltd. The brokerage maintained a Sell rating on Alkem Laboratories. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
