Mumbai: IIFL Securities on December 16, 2024 (Monday) recommended buying Zen Technologies Limited (Zentec), Power Grid, Kotak Mahindra Bank, Ramco Cements Limited, and Bharat Electronics Ltd. The brokerage suggested share price target and Stop Loss for the stocks.
The benchmark stock indices BSE Sensex and NSE Nifty rebounded around 1 per cent on December 13. The Sensex fell 1,207.14 points in morning trade, it regained all the lost ground later and jumped 843.16 points to close at 82,133.12. The NSE Nifty appreciated 219.60 points to finish at 24,768.30 after falling 367.9 points during the day.
Zentec share price target
IIFL Securities initiated a Buy rating on Zen Technologies, recommending the stock to be bought at Rs 2168 per equity share with target price of Rs 2245 and Rs 2300. The Stop Loss should be maintained at Rs 2092. The share closed at Rs 2160 on December 13, 2024.
Buy: 2168
Target 1: 2245
Target 2: 2300
Stop Loss: 2092
Power Grid share price target
Buy: 334
Target 1: 348
Target 2: 355
Stop Loss: 320
The brokerage gave a buy rating on Power Grid stock saying the counter has the ability to rise to the levels of Rs 348 and Rs 355. The Stop Loss should be maintained at Rs 320. The counter closed in positive at Rs 334.10 on Friday.
Kotak Mahindra Bank share price target
IIFL Securities advised stock market enthusiasts to purchase the stock at Rs 1805 per equity share as it predicted the counter to touch the target price of Rs 1850 and Rs 1885. The shareholders are advised to position the Stop Loss at Rs 1760.
Buy: 1805
Target 1: 1850
Target 2: 1885
Stop Loss: 1760
Ramcocem share price target
Giving a Buy call on Ramco Cements, the brokerage advised the interested investors to buy the stock at Rs 1041 apiece with target price of Rs 1080 and Rs 1115. The stock should be safeguarded by maintaining the Stop Loss at Rs 1002.
Buy: 1041
Target 1: 1080
Target 2: 1115
Stop Loss: 1002
BEL share price target
Predicting the BEL share price to appreciate, IIFL Securities said the stock can be bought at Rs 316 with target price of Rs 329 and Rs 338. The Stop Loss should be set at Rs 303.
Buy: 316
Target 1: 329
Target 2: 338
Stop Loss: 303
(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 16, 2024 backed Kotak Mahindra Bank, Ramco Cements Limited, Bharat Electronics Ltd, Zen Technologies Limited (Zentec), Power Grid to rise. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
