Mumbai: IIFL Securities recommended buying shares of Advanced Enzyme Technologies Ltd, Hindustan Petroleum Corp Ltd, Himadri Speciality Chemical Ltd, Grasim Industries, and Godrej Properties. The brokerage suggested share price target and Stop Loss for the stocks.
The BSE Sensex dropped by 318 points to finish at 81,501.36 on October 16, 2024. The NSE Nifty declined by 86.05 points to end at 24,971.30. The benchmark indices went down due to selling in IT and auto shares as foreign fund outflows continued and weak trends in global markets.
Advanced Enzyme Technologies share price
Buy: Rs 503
Trade price: Rs 524-538
Stop Loss: Rs 483
IIFl Securities initiated a Buy rating on Advanced Enzyme Technologies Ltd. The brokerage firm advised the interested investors to buy the stock at Rs 503 per equity share with share price target of Rs 524-538. The Stop Loss should be maintained at Rs 483. The stock closed 5 per cent higher at Rs 505 on October 16, 2024.
HPCL share price
Buy: Rs 435
Target price: Rs 453-465
Stop Loss: Rs 418
Hindustan Petroleum Corp shares can be purchased at Rs 435 apiece with a target price of Rs 453-465, the brokerage recommended. The HPCL shareholders should set the Stop Loss at Rs 418. The PSU stock finished in positive territory at Rs 432.75.
Grasim Industries share price
Buy: Rs 2765
Target price: Rs 2850-2900
Stop Loss: Rs 2682
Maintaining a Buy call on Grasim Industries, IIFL Securities advised the market players to purchased the stock at Rs 2765 per equity share as the stock has the potential to rise to the levels of Rs 2850-2900. The Stop Loss should be positioned at Rs 2682. Grasim Industries share price closed at Rs 2,764.40.
Godrej Properties share price target
Buy: Rs 3228
Target price: Rs 3358-3455
Stop Loss: Rs 3098
Advocating for Godrej Properties, the brokerage recommended buying the real estate stock at Rs 3228 apiece with share price target of Rs 3358-3455. The shareholders should safeguard the counter by maintaining the Stop Loss at Rs 3098. The shares of real estate company closed at Rs 3,227 apiece on 16th October.
Himadri Speciality Chemical Ltd share price
Buy: Rs 660
Target price: Rs 693-718
Stop Loss: Rs 627
IIFL Securities backed Himadri Speciality Chemical and suggested buying the stock at Rs 660 per equity share. The scrip has the potential to appreciate to the levels of Rs 693-718 with the Stop Loss maintained at Rs 627. Himadri Speciality stock closed over 1 per cent higher at Rs 660.
(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 today: IIFL Securities recommended buying shares of Himadri Speciality Chemical Ltd, Grasim Industries, Godrej Properties, Advanced Enzyme Technologies Ltd, and Hindustan Petroleum Corp Ltd. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
