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Benchmark indices on Thursday settled in the green, led by gains in automobile, consumer durables and energy stocks. The 30-share BSE Sensex climbed 63 points or 0.09% to settle at 71,721, while the broader NSE Nifty index moved 29 points or 0.13% up to close at 21,647. India VIX, fear index, fell 1.07% to 12.77-level.
For January 12 (Friday), share market analyst from a domestic brokerage has assigned 'Buy' calls on RVNL, Exide Industries and LT Foods. Check share price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 199.75 | SL: Rs 190 An analyst from Prabhudas Lilladher (PL) has given a 'Buy' call on Rail Vikas Nigam Ltd (RVNL) shares with target price of Rs 227. The multibagger stock has zoomed 163.52% in the past one year. "We expect RVNL to gain momentum with expected potential targets of Rs 218-227. One can maintain stop loss near Rs 190, below which the trend can turn little bit weak," said Shiju Koothupalakkal, Technical Research Analyst at PL.
LTP: Rs 338 | SL: Rs 320 The PL analyst has also selected Exide Industries shares in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 362-375 per share. The stock has surged 85.05% in a year. "The stock has indicated a breakout and a further rise is anticipated in the coming days. Expected targets would be Rs 362-375. Rs 320 level should be kept as stop loss," Koothupalakkal mentioned.
LTP: Rs 209 | SL: Rs 810 The market expert from Prabhudas has included LT Foods shares in his stock picks as well with a 'Buy' call for targets of Rs 222-237. The scrip has jumped 81.74% in the past one year. "The stock has witnessed a positive bullish candle on daily charts. We expect the scrip to carry on with the positive move further for next expected targets of Rs 222-237. One can maintain stop loss at Rs 195," Koothupalakkal stated.
"Nifty faced selling pressure within the 21,700-21,750 range, yet found stability as it held above its 10-day moving average, concluding the session with a positive close. Presently, the index's immediate support has shifted to 21,600, while 21,730 serves as a resistance level. The broader positional support for Nifty remains at 21,500," said Kunal Shah, Senior Technical & Derivative 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.