Mumbai: IIFL Securities on October 11, 2024 (Friday) recommended Usha Martin, Schneider Electric Infrastructure Ltd, Samvardhana Motherson International Ltd, Polyplex Corp Ltd, and Century Plyboards (India) Ltd. The brokerage firm suggested share price target and Stop Loss for the mentioned stocks.
The equity benchmark indices BSE Sensex and NSE Nifty closed higher on October 10, 2024 as banking and power stocks rallied amid a largely firm trend in global markets. The Sensex increased 144.31 points to settle at 81,611.41. The broader Nifty appreciated 16.50 points to finish at 24,998.45.
Usha Martin share price
Buy: 367
Target price: 381-392
Stop Loss: 353
IIFL Securities initiated a Buy rating on Usha Martin, saying that the stock can be purchased at Rs 367 with a target price of Rs 381-392. The Stop Loss should be maintained at Rs 353.
Schneider Electric share price target
Buy: Rs 864
Target price: Rs 898-925
Stop Loss: Rs 830
The brokerage firm advised interested investors to pump in money to buy shares of Schneider Electric at Rs 864 with a share target price of Rs 898-925. The Stop Loss should be positioned at Rs 830.
Motherson share price target
Buy: Rs 210
Target price: Rs 218-224
Stop Loss: Rs 202
Giving a Buy call on Motherson, IIFL Securities recommended purchasing Polyplex Corp shares at Rs 210 per equity share with a target price of Rs 218-224. The scrip should be safeguarded by maintaining the Stop Loss at Rs 202.
Polypex share price target
Buy: 1173
Target price: Rs 1120-1250
Stop Loss: Rs 1126
The brokerage advocated for Polyplex Corp, saying that the stock can be bought at Rs 1173. It stated that the scrip has the potential to rise to the levels of Rs 1120-1250. The Stop Loss should be maintained at Rs 1126.
Century Ply share price target
Buy: 898
Target price: Rs 935-958
Stop Loss: Rs 862
IIFL Securities backed Century Ply, saying that the stock can be purchased at Rs 898 with a target price of Rs 935-958. The Stop Loss should be positioned at Rs 862.
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Stocks to Buy today: IIFL Securities initiated a Buy rating on Century Plyboards, Samvardhana Motherson International Ltd, Usha Martin, Schneider Electric Infrastructure Ltd, Polyplex Corp Ltd, and Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
