Mumbai: IIFL Securities on December 13, 2024 (Friday) initiated a Buy rating on Century Plyboards (India) Ltd, Tech Mahindra, Max Healthcare Institute, ICICI Lombard General Insurance Co Ltd (ICICIGI) and Aeroflex Industries. The brokerage firm shared the target price and Stop Loss for the mentioned stocks.
The equity market benchmark index Sensex settled lower on Thursday by declining 236.18 points to finish at 81,289.96. The other broader index Nifty 50 also went down 93.10 points or 0.38 per cent to end the day at 24,548.70. The fall in the indices was attributed to selling in big companies like Larsen & Toubro, Reliance Industries, and HUL. Meanwhile, government data release on Thursday evening showed that retail inflation declined in November 2024 to 5.48 per cent. It has raised hopes of Reserve Bank of India (RBI) cutting repo rate in the next MPC meeting.
CenturyPly share price target
Buy CenturyPly shares at Rs 853 apiece with target price of Rs 887 and Rs 913 with the Stop Loss maintained at Rs 819, IIFL Securities said. The stock closed with around 4.50 per cent gains at Rs 851 on December 11, 2024.
Tech Mahindra share price target
The current market price of Tech Mahindra stock is Rs 1,784.05 per equity share. The brokerage advised the investors to purchase the IT stock at Rs 1,790 apiece as it can rise to the levels of Rs 1845 and 1885. The Stop Loss should be set at Rs 1736. The counter closed with around 1 per cent gains on Thursday.
Max Health share price target
Buy Max Health shares at Rs 1168 apiece with target price of Rs 1213 and Rs 1245. The counter should be safeguarded by maintaining the Stop Loss at Rs 1124. The scrip closed with over 3 per cent gains at Rs 1,170.25.
ICICIGI share price target
IIFL Securities predicted ICICI Lombard General Insurance shares to appreciate and touch the targets of Rs 2020 and Rs 2065. It advised the stock to be bought at Rs 1962 per equity share with the Stop Loss positioned at Rs 1904.
Aeroflex share price target
The brokerage advised Aeroflex shares to be purchased at Rs 231 apiece with the two targets of Rs 240 and Rs 247. The counter should be safeguarded by maintaining the Stop Loss at Rs 222, it advised the shareholders.
(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 December 12, 2204 predicted stocks of Aeroflex Industries, Century, Tech Mahindra, Max Healthcare Institute, and ICICI Lombard General Insurance Co to appreciate. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
