New Delhi: IIFL Securities recommended buying shares of five companies on August 13, 2024, i.e. Tuesday. Federal Bank, Glenmark Pharmaceuticals, HDFC Asset Management Company, Nelco and Glenmark Life Sciences. The brokerage firm gave share price target and Stop Loss for the mentioned stocks.
Federal Bank share price target
IIFL Securities said Federal Bank shares can be purchased at Rs 202 apiece with a target price of Rs 210 and Rs 218. It advised the banking shareholders to maintain the Stop Loss at Rs 194. Federal Bank share price closed at Rs 210 on August 12, 2024.
Glennark Pharmaceuticals share price target
Giving a Buy rating on Glenmark Pharmaceuticals, the brokerage suggested the stock market investors to buy the share at Rs 1,505, stating that the counter has the potential to appreciate to the levels of Rs 1,550 and Rs 1,590. The scrip should be safeguarded by placing the Stop Loss at Rs 1,457. Glenmark Pharmaceuticals share price ended at Rs 1,509.
Buy rating on HDFC Asset Management Company
Buy HDFC Asset Management Company stock at Rs 4,210 per equity share with a target price of Rs 4,335 and Rs 4,450, IIFL Securities suggested. The Stop Loss should be positioned at Rs 4,085, it added. HDFC Asset Management Company stock settled at Rs 4,206 ion August 12.
Nelco share price target
Nelco shares can be bought at Rs 901 apiece with a target price of Rs 930 and Rs 960. The scrip should be safeguarded by setting the Stop Loss at Rs 872. Nelco stock closed at Rs 906 on 12th August.
Buy Call on Glenmark Life Sciences share
IIFL Securities backed Glenmark Life Sciences shares to give profits to its shareholders. The brokerage said the stock can be purchased at Rs 998 with a target price of Rs 1,050 and Rs 1,090. The Stop Loss can be maintained at Rs 948. Glenmark Life Sciences share price ended at Rs 995.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks to Buy today: IIFL Securities recommended buying shares of Federal Bank, Glenmark Pharmaceuticals, HDFC Asset Management Company, Nelco and Glenmark Life Sciences. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
