New Delhi: ICICI Direct Research recommended buying shares of National Fertilisers and Hindustan Copper. The brokerage firm advised the stock market investors to buy the two stocks for around 10-12 days to earn profits. It also suggested the target price and Stop Loss for the counters.
National Fertilisers share price target
ICICI Direct backed National Fertilisers to increase in the coming days. Giving a Buy call, the brokerage firm advised the shareholders to purchase the shares of fertilisers company in the range of Rs 144-148 with a target price of Rs 148. The scrip should be safeguarded with a Stop Loss of Rs 140.80.
Hindustan Copper share price target
Advicing stock market enthusiasts to buy Hindustan Copper shares in the range of Rs 327-225 apiece, the brokerage said the stock has the potential to rise to the levels of Rs 360 in next 10-12 days. It asked the shareholders to position the Stop Loss at Rs 319.
National Fertilisers
National Fertilisers is a Navratna Company that was incorporated on August 23, 1974. The government controlled company has an authorised capital of Rs 1000 crore and a paid up capital of Rs 490.58 crore out of which Government of India’s share is 74.71 per cent and 25.29 per cent is held by financial institutions and others. The NFL’s net sales were reported at Rs 5,284.24 crore in March 2024 down from Rs. 6,267.84 crore in March 2023. The Quarterly Net Profit increased to Rs 207.68 crore in March 2024 as compared to the previous year.
Hindustan Copper
Hindustan Copper Limited (HCL) is a Miniratna Category-I, under the administrative control of the Union Ministry of Mines. It is the only company in the country engaged in mining of copper ore and owns all the operating mining lease of Copper ore and also the only integrated producer of refined copper (vertically integrated company).
HCL’s mines and plants are spread across Rajasthan, Madhya Pradesh, Jharkhand, Maharashtra and Gujarat:
Malanjkhand Copper Project (MCP) at Malanjkhand, Madhya Pradesh
Khetri Copper Complex (KCC) at Khetrinagar, Rajasthan
Indian Copper Complex (ICC) at Ghatsila, Jharkhand
Taloja Copper Project (TCP) at Taloja, Maharashtra
Gujarat Copper Project (GCP) at Jhagadia, Gujarat
Stocks to invest in: ICICI Direct Research maintained a Buy rating on shares of government controlled Navratna companies – National Fertilisers and Hindustan Copper. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
