Mumbai: IIFL Securities on October 29, 2024 (Tuesday) initiated a Buy rating on shares of JSW Steel, Minda Corp, IndiaMart, Eicher Motors, and Usha Martin. The brokerage mentioned the share price target and Stop Loss for the mentioned stocks.
On October 29, 2024, the stock market investors had a huge sigh of relief as it snapped the five-day losing streak with the BSE Sensex surging 602.75 points to finish at 80,005.04 and the NSE Nifty jumping 158.35 points or to settle at 24,339.15. The barometer Sensex rebound 602 points on buying in ICICI Bank, firm global trends and continuous purchase by domestic institutional investors.
JSW Steel share price target
Buy: Rs 960
Target price: Rs 1000-1020
Stop Loss: Rs 936
IIFL Securities gave a Buy call on JSW Steel, saying that the stock can be purchased at Rs 960 per equity share. The brokerage said the counter has the potential to rise to the levels of Rs 1000-1020 with the Stop Loss maintained at Rs 936.
Minda Corp share price target
Buy: Rs 503
Target price: Rs 518-530
Stop Loss: Rs 488
Backing Minda Corp, the brokerage firm suggested buying the shares at Rs 503 apiece with a target price of Rs Rs 518-530. It advised the shareholders to maintain the Stop Loss at Rs 488.
IndiaMart share price target
Buy: Rs 2516
Target price: Rs 2585-2640
Stop Loss: Rs 2445
IIFL Securities maintained a Buy rating on IndiaMart. The firm advised the stock market enthusiasts to buy the stock at Rs 2516 per equity share with a target price of Rs 2585-2640. It advised the shareholders to safeguard the counter by positioning the Stop Loss at Rs 2445.
Eicher Motors share price target
Buy: Rs 4720
Target price: Rs 4865-4950
Stop Loss: Rs 4578
The brokerage recommended the interested investors to pump in money to buy Eicher Motors shares at Rs 4720 per equity share. The firm projected the stock to appreciate to the levels of Rs 4865-4950. The Stop Loss should be set at Rs 4578.
Usha Martin share price target
Buy: Rs 410
Target price: Rs 425-435
Stop Loss: Rs 395
Buy Usha Martin shares at Rs 410 apiece, IIFL Securities recommended. It projected the counter to rise to the levels of Rs 425-435 and maintain the Stop Loss at Rs 395.
(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 on October 29, 2204 recommended buying shares of JSW Steel, Minda Corp, IndiaMart, Eicher Motors, and Usha Martin. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
