Produced by: Prashun Talukdar
Benchmark indices slipped on Monday, dragged by IT, metal, healthcare and consumer durables. The 30-share BSE Sensex fell 353 points or 0.48% to close at 72,790 and the broader NSE Nifty index moved 91 points or 0.41% down to close at 22,122. India VIX, fear index, jumped 4.19% to end at 15.60-level.
For February 27 (Tuesday), market analyst from a domestic brokerage has assigned 'Buy' calls on IRCON, JSW Energy and HUDCO shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 232.20 | SL: Rs 223 An analyst from LKP Securities has given a 'Buy' call on IRCON International shares with a target price of Rs 265. The multibagger scrip has rallied 346.54% in the past one year. "The stock has given a consolidation breakout on daily charts, indicating a surge in buying interest among investors. It could potentially move towards Rs 265. On the downside, support is situated at Rs 225," said Rupak De, Senior Technical Analyst at LKP Sec.
LTP: Rs 523.95 | SL: Rs 500 The LKP analyst has also selected JSW Energy in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 570 per share. The multibagger scrip has zoomed 151.60% in a year. "Consider initiating a position within the range of Rs 520-525 and setting a stop loss at Rs 500 to mitigate downside risk. One can expect a potential upside target of Rs 570," De stated.
LTP: Rs 203.80 | SL: Rs 195 The analyst from domestic brokerage LKP has included Housing and Urban Development Corporation (HUDCO) in his stock picks as well with a 'Buy' call for a target of Rs 235. The multibagger counter has soared 372.31% in the past one year. "The stock has experienced a consolidation breakout on daily charts, indicating a surge in buying interest among investors. It could move towards Rs 235 level. On the downside, support is situated at Rs 195," De mentioned.
"Nifty has slipped below the support zone of 22,200 and closed below it. The index may remain sideways during the next few days. The range is likely to stay between 22,000 and 22,200. Any breakout on either side might confirm the future directional trend," said Rupak De from LKP.
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