Produced by: Prashun Talukdar
Benchmark indices on Thursday settled higher in a volatile trade, led by gains in state-owned lenders, metals and financials. The 30-share BSE Sensex rose 195 points or 0.27% to close at 72,500 and the broader NSE Nifty index moved 32 points or 0.14% up to close at 21,983. India VIX, fear index, dived 4.63% to end at 15.57-level.
For March 1 (Friday), an analyst from a domestic brokerage has assigned 'Buy' calls on Borosil Renewables, ITDC and Crisil shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 555.30 | SL: Rs 510 An analyst from Prabhudas Lilladher (PL) has given a 'Buy' call on Borosil Renewables Ltd shares with a target price of Rs 575. The scrip has climbed 18.33% in the past one year. One can consider buying the stock for an upside target price of 575 with a stop loss placed at Rs 510, said Shiju Koothupalakkal, Technical Research Analyst at PL.
LTP: Rs 764 | SL: Rs 725 The analyst from PL has also selected India Tourism Development Corporation Ltd (ITDC) shares in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 830 per share. The multibagger scrip has gained 138.01% in a year. "The stock is looking attractive on daily charts. We suggest buying the stock for a target of Rs 830, keeping a stop loss at Rs 725," said Koothupalakkal stated.
LTP: Rs 5,050 | SL: Rs 4800 The PL analyst has given a 'Buy' call for Crisil Ltd shares as well with a target price of Rs 5,550. The scrip has risen 45% in the past one year. "The stock has once again gained strength. We suggest buying the counter for a target of Rs 5,550 with a stop loss of Rs 4,800," Koothupalakkal mentioned.
"For Nifty, crucial support is positioned at 21,950. As long as the index maintains a position above 21,950, there is a possibility of recovery. Nevertheless, a decline below 21,950 could potentially lead the index towards 21,800," said Rupak De, Senior Technical Analyst at LKP Securities.
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