New Delhi: IIFL Securities on Friday recommended stock market investors to pump in money to buy shares of ideaForge Technology, Hindustan Petroleum Corp, Sona Blw Precision Forgings (SonaComs), Suven Pharmaceuticals and Mangalore Refinery and Petrochemicals Limited (MRPL). The brokerage firm shares target price and Stop Loss for all the mentioned stocks.
ideaForge share price target
IIFL Securities has backed ideaForge share price to increase. The brokerage firm advised the investors to buy shares at Rs 834 apiece with a target price of Rs 876 and Rs 916. The stock should be safeguarded by maintaining the Stop Loss at Rs 792, it said. ideaForge share price closed at Rs 833 on NSE on July 11, 2024.
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Hindustan Petroleum share price target
Giving a Buy rating on Hindustan Petroleum, the brokerage asked the market enthusiast to purchase the stock at Rs 250 per equity share. It gave a target price of Rs 362 and Rs 370, with the Stop Loss positioned at Rs 339. Hind Petro share price ended at Rs 349.50 on NSE on 11th July.
Sona Blw Precision Forgings share price target
Buy Sona Blw Precision Forgings shares at Rs 720 apiece with a target price of Rs 749 and Rs 778, IIFL Securities suggested. It asked the SonaComs shareholders to maintain the Stop Loss at Rs 691. The stock closed at Rs 718 on NSE on July 11.
Suven Pharmaceuticals share price
Maintaining a Buy rating on Suven Pharmaceuticals, the brokerage firm suggested teh investors to buy the stock at Rs 854 per equity share. It advocated for the pharma scrip,saying that it has the potential to appreciate to the levels of Rs 889 and Rs 920. The stock should be safeguarded with a Stop Loss of Rs 820. Suven Pharmaceuticals share price ended at Rs 852 on NSE on 11th July.
Mangalore Refinery and Petrochemicals share price target
IIFL Securities recommended buying MRPL shares at Rs 242 apiece with a target price of Rs 255 and Rs 265. The shareholders of the petrochemicals company should position the Stop Loss at Rs 229. The stock ended at Rs 242 on NSE on July 11, 2024.
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Stocks to Buy today: The share price of ideaForge Technology, Hindustan Petroleum Corp, Sona Blw Precision Forgings (SonaComs), Suven Pharmaceuticals and Mangalore Refinery and Petrochemicals Limited (MRPL) are expected to rise, IIFL Securities projected. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
