Mumbai: IIFL Securities on October 14, 2024 (Monday) recommended buying shares of Multi Commodity Exchange Of India Ltd (MCX), Persistent Systems Ltd, Nam-India, State Bank of India (SBI), and Surya Roshni.
The equity benchmark indices BSE Sensex and NSE Nifty ended in negative on October 11, 2024. The BSE Sensex dropped 230.05 points to finish at 81,381.36. Intraday, the barometer declined 307.26 points to a low of 81,304.15. The NSE Nifty declined 34.20 points to settle at 24,964.25. It hit an intraday low of 24,920.05.
MCX share price target
Buy: Rs 6410
Target price: Rs 6605-6740
Stop Loss: Rs 6218
IIFL Securities advised stock market enthusiasts to pump in money to buy shares of Multi Commodity Exchange Of India Ltd at Rs 6410. The counter has the potential to increase to the levels of Rs 6605-6740. The Stop Loss should be maintained at Rs 6218.
Persistent Systems share price target
Buy: Rs 5470
Target price: Rs 5608-5700
Stop Loss: Rs 5332
The brokerage firm suggested buying Persistent Systems shares at Rs 5470 with a target price of Rs 5608-5700. The scrip should be safeguarded by maintaining a Stop Loss of Rs 5332.
Nam-India share price target
Buy: Rs 700
Target price: Rs 729-750
Stop Loss: Rs 671
IIFL Securities gave a Buy call on Nam-India. The brokerage firm said the stock can be purchased at Rs 700 per equity share as it can rise to the levels of Rs 729-750. The shareholders should maintain the Stop Loss at Rs 671.
SBI share price target
Buy: Rs 800
Target price: Rs 828-845
Stop Loss: Rs 772
The brokerage advocated for State Bank of India and recommended purchasing the shares at Rs 800 apiece with a share price target of Rs 828-845. The Stop Loss should be positioned at Rs 772.
Surya Roshni share price target
Buy: Rs 772
Target price: Rs 753-770
Stop Loss: Rs 692
IIFL Securities said Surya Roshni stocks can be bought at Rs 772 per equity share with a target price of Rs 753-770. The Surya Roshni shareholders are advised to maintain the Stop Loss at Rs 692.
(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 initiated a Buy rating on Nam-India, State Bank of India (SBI), Surya Roshni, Multi Commodity Exchange Of India Ltd (MCX), and Persistent Systems Ltd. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
