New Delhi: ICICI Direct gave a long-term BUY call on PSU Navratna company REC and pharmaceutical company Hikal. The brokerage gave the initiation range for investors to enter the respective stocks, their target share price and stop loss. REC’s share price touched a new 52-week high of Rs 615 apiece on the BSE on Monday, July 8, 2024, while Hikal’s share price was down 0.48 per cent on Monday.
REC Target Share Price
ICICI Direct Research have a BUY call on power finance company REC with a 14-day outlook starting July 4, 2024.
The brokerage suggested that investors enter the stock at Rs 560-571 per share
ICICI Direct suggested maintaining stop loss at Rs 539 apiece
REC’s target share price has been kept at Rs 610 apiece by the brokerage.
REC share price history
As of Monday, REC’s share price closed at Rs 607.70 apiece, up 4.71 per cent from the previous day’s closing price.
REC’s share price was up 11 per cent in the past 5 days
The company’s stock price jumped 19 per cent in the past month
REC’s scrip zoomed by 40 per cent in the past 6 months
Muyltibagger REC’s share price jumped 264 per cent in the past 1 year
Hikal target share price
Hikal’s target share price was fixed at Rs 394 apiece by ICICI Direct Research for a 3-month period starting July 5, 2024, with a stop loss of Rs 324 per share. According to the brokerage, investors can buy the scrip for Rs 342-353 per share. Hikal’s share price closed at Rs 364 apiece on the BSE on Monday. Based on ICICI Direct’s analysis and Monday’s closing price of the stock, there is 8 per cent upside left in the stock.
Hikal share price history
Hikal share price is up four per cent in the past 5 days
The stock skyrocketed 22 per cent in the past 30 days
The scrip’s value zoomed 20 per cent in the past 6 months
Hikal’s share price surged 22 per cent in the past year
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Stocks to invest in: ICICI Direct Research has given a BUY call on the shares of Hikal and REC. Check target share price and stoploss. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
