Produced by: Prashun Talukdar
Benchmark indices fell sharply on Thursday, dragged by banks, financials and consumer stocks. The 30-share BSE Sensex tanked 724 points or 1% to close at 71,428 and the broader NSE Nifty index moved 213 points or 0.97% down to close at 21,718. India VIX, fear index, rose 2.07% to end at 15.83-level.
For February 9 (Friday), market analyst from a domestic brokerage has assigned 'Buy' calls on Midhani, Oberoi Realty and Barbeque Nation shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 487.60 | SL: Rs 465 An analyst from Prabhudas Lilladher (PL) has given a 'Buy' call on Mishra Dhatu Nigam shares with a target price of Rs 545. The multibagger scrip has rallied 142.41% in the past one year. "The stock has maintained a strong uptrend. One can anticipate for a further rise in the coming sessions. We suggest to buy and accumulate the stock for an upside target of Rs 545, keeping stop loss at Rs 465," said Shiju Koothupalakkal, Technical Research Analyst at PL.
LTP: Rs 1,349.35 | SL: Rs 1,295 The PL analyst has also selected Oberoi Realty shares in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 1,480 per share. The scrip has jumped 59.67% in a year. "The stock has witnessed a decent erosion from its peak zone. It has currently indicated a pullback and a further rise is expected. We suggest a buy call for an initial target of Rs 1,480, keeping stop loss at Rs 1,295," Koothupalakkal stated.
LTP: Rs 656.35 | SL: Rs 628 The analyst from brokerage PL has included Barbeque Nation Hospitality shares in his stock picks as well with a 'Buy' call for a target of Rs 725. The scrip has fallen 15.98% in the past one year. "A further rise can be expected on the counter with immense upside potential visible from current levels. We recommend a buy for an upside target of Rs 725. Keep stop loss placed at Rs 628," Koothupalakkal mentioned.
"Nifty's trend could weaken if it falls below 21,690. In that case, the index may slip towards 21,500. On the contrary, if it remains above 21,700, we might observe a near-term recovery," said Rupak De, Senior Technical Analyst, LKP Securities.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position