New Delhi: IIFL Securities on Wednesday gave a Buy rating on Lupin, Reliance Infrastructure, Sudarshan Chemical Industries Ltd, Max Healthcare Institute and Mphasis Ltd. The brokerage gave the share price target and Stop Loss for the mentioned stocks.
The benchmark Sensex increased nearly 91 points to close at a fresh record while NSE Nifty settled above the 25,400 level for the first time on September 17, 2024. The Sensex closed at above the 83,000 level for the first time, while the broader index settled at 25,418.55 – its record closing high.
Lupin share price target
Giving a Buy call on Lupin, IIFL Securities said the shares can be purchased at Rs 2270 apiece with a target price of Rs 2355-2400. The Stop Loss should be maintained at Rs 2186. Lupin stock ended in positive territory at Rs 2272.75 on September 17, 2024.
Reliance Infrastructure share price
Reliance Infrastructure stock can be bought at Rs 236 per equity share as it is projected to gain to the levels of Rs 248-255, the brokerage recommended. The investors are advised to position the Stop Loss at Rs 224. Reliance Infrastructure shares ended with over 8 per cent gains at Rs 235.44 on 17th September.
Sudarshan Chemical Industries share price target
Backing Sudarshan Chemical Industries, IIFL Securities advised buying the stock at Rs 1055 per equity share with a target price of Rs 1087-1105. The stakeholders should safeguard the scrip by positioning the Stop Loss at Rs 1023. Sudarshan Chemical shares ended on a positive noted with nearly 7 per cent profit at Rs 1,057.20.
Max Healthcare share price target
Maintaining a Buy rating on Max Healthcare, the brokerage suggested the stock to be purchased at Rs 965 with a target price of Rs 1005-1033. The Stop Loss should be set at Rs 926, it further advised. Max Healthcare ended at Rs 960; it gained over 3 per cent.
Mphasis share price target
Advocating for Mphasis, IIFL Securities said the interested investor should pump in their money to buy the stock at Rs 3178 per equity share as it has the potential to appreciate to the levels of Rs 3275-3340. The Stop Loss should be positioned at Rs 3082. Mphasis shares gained over 1 per cent to settle at Rs 3,166.40 on September 17.
(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 September 18, 2024 suggested buying shares of Lupin, Reliance Infrastructure, Sudarshan Chemical Industries Ltd, Max Healthcare Institute and Mphasis Ltd. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
