Produced by: Prashun Talukdar
Domestic benchmarks recovered on Friday after a sharp cut in the previous session, led by gains in pharma, healthcare, automobile and energy stocks. The 30-share BSE Sensex jumped 759 points or 0.96% to close at 79,803 and the broader NSE Nifty moved up 217 points or 0.91% to end at 24,131. India VIX, fear index, dived 5.12% to 14.43-level.
For December 2 (Monday), an analyst from a domestic brokerage assigned 'Buy' calls on Larsen & Toubro, Divi's Labs and Azad Engineering shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 3,722 | SL: Rs 3,567 StoxBox's analyst has given a 'Buy' call on Larsen & Toubro Ltd shares with a target price of Rs 3,960. The scrip has risen 20.70% in the past one year. "We recommend purchasing L&T shares within the range of Rs 3,730-3,700 for an expected target price of Rs 3,960, while maintaining a stop loss at Rs 3,567," said Kushal Gandhi, Technical Analyst at StoxBox.
LTP: Rs 6,183.25 | SL: Rs 5,882 The analyst from StoxBox has also selected Divi's Laboratories Ltd in his stock recommendations. He has given a 'Buy' call on the counter with an upside target of Rs 6,906 per share. The scrip has surged 65.78% in a year. "The stock is showing positive signs for potential growth. Therefore, we recommend purchasing it for a target of Rs 6,906. Keep stop loss placed at Rs 5,882," Gandhi stated.
LTP: Rs 1,722.10 | SL: Rs 1,629 The StoxBox analyst has included Azad Engineering Ltd as well in his stock suggestions with a 'Buy' call. The stock may hit an upside target of Rs 1,949, he said. The multibagger counter has rallied 154.33% in the past one year. "Traders can purchase the stock for a target Rs 1,949 while maintaining a stop loss at Rs 1,629," Gandhi mentioned.
Nifty regained 24,000 with 24,300 and 24,500 now acting as key resistance levels on the upside. On the downside, the index found strong support in the 23,900-24,000 zone, said Satish Chandra Aluri, Lemonn Markets Desk.
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