Produced by: Prashun Talukdar
Benchmark indices on Thursday continued to rise, led by gains in state-owned banks and energy stocks. The 30-share BSE Sensex rose 228 points or 0.32% to close at 72,050 and the broader NSE Nifty index moved 71 points or 0.32% up to close at 21,911. India VIX, fear index, fell 1.36% to end at 15.23-level.
For February 16 (Friday), market analyst from a domestic brokerage has assigned 'Buy' calls on Tata Power, EIH and SJVN shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 379.40 | SL: Rs 364 An analyst from Prabhudas Lilladher (PL) has given a 'Buy' call on Tata Power shares with a target price of Rs 432. The scrip has surged 84.94% in the past one year. "The stock is well-placed to anticipate a further upward move in the coming days. With daily charts looking good and immense upside potential visible, we suggest buying the counter for an upside target of Rs 432, keeping stop loss placed at Rs 364," said Shiju Koothupalakkal, Technical Research Analyst at PL.
LTP: Rs 410 | SL: Rs 398 The PL analyst has also selected EIH Ltd shares in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 435 per share. The multibagger scrip has gained 145% in a year. "After a decent rally, the stock has maintained its strong uptrend. And, a further rise is anticipated. We expect another round of fresh upward move for an upside target of Rs 435 level, keeping stop loss at Rs 398," Koothupalakkal stated.
LTP: Rs 124.55 | SL: Rs 116 The analyst from domestic brokerage PL has included SJVN Ltd shares in his stock picks as well with a 'Buy' call for a target of Rs 146. The multibagger scrip has rallied 278% in the past one year. "The stock has witnessed a decent erosion from the peak level of Rs 170 post a strong run up. It has bottomed out near the Rs 102-104 zone and currently turned positive. One can anticipate a further rise in the coming sessions. We suggest buying this stock for an upside target of Rs 146 with a stop loss at Rs 116," Koothupalakkal mentioned.
"Nifty has experienced a consolidation breakout, indicating a positive shift in sentiment. In the short term, there is a possibility of the index moving towards 22,200. On the downside, support is situated at 21,750," said Rupak De, Senior Technical Analyst at 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