Mumbai: IIFL Securities on Tuesday recommended purchasing shares of Central Depository Services (India) Ltd (CDSL), Sundaram Finance Ltd, PCBL Ltd and HEG Ltd. The brokerage firm suggested share price target and Stop Loss for the mentioned stocks.
The Sensex hit a lifetime closing high on September 16, 2024, while while NSE Nifty ended ,maginally below its record peak. The Sensex settled at a new high of 82,988.78, while the Nifty ended the day at 25,383.75.
CDSL share price target
Giving a Buy rating on Central Depository Services (India) Ltd, IIFL Securities said interested investors can purchase the stock at Rs 1445 per equity share with a target price of Rs 1493-1520. The Stop Loss should be maintained at Rs 1397, it advised. CDSL shares closed with over per cent gains at Rs 1440.10 on 16th September.
Sundaram Finance share price target
The brokerage advocated for Sundaram Finance, saying the scrip has the potential to rise. The stock should be bought at Rs 4903 per equity share as it has the potential to rise to the levels of Rs 5070-5190. The counter should be safeguarded by positioning the Stop Loss at Rs 4736. Sundaram Finance stock closed at Rs 4890.
PCBL share price target
Maintaining a Buy rating on PCBL Ltd, IIFL Securities suggested buying the share at Rs 505 apiece with a target price of Rs 526-540. The Stop Loss should be maintained at Rs 484, it advised the shareholders of PCBL. PCBL share price closed with over 5 per cent upside at Rs 508.50 September 16.
HEG share price target
The brokerage firm advised the stock market investors to purchase the stock at Rs 2140 per equity share. It projected the stock to appreciate to the levels of Rs 2225-2280, while the Stop Loss should be set at Rs 2055. HEG stock ended in Green with over 3 per cent profit at Rs 2,144.80.
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Stocks to Buy today: IIFL Securities gave Buy rating on shares of Central Depository Services (India), Sundaram Finance, PCBL and HEG. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
