Produced by: Prashun Talukdar
Domestic benchmarks finished in the green during a special trading session on Saturday, led by gains across all sectors. Headline index NSE Nifty rose 36 points or 0.16% to settle at 22,502-level. The 30-share BSE Sensex pack moved 89 points or 0.12% up to end at 74,006. India VIX, fear index, jumped 3.67% to 20.53-level.
For May 21 (Tuesday), market analyst from a domestic brokerage has assigned 'Buy' calls for NHPC, GMR Infra and L&T Finance shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 97.75 | SL: Rs 92 An analyst from Prabhudas Lilladher (PL) has given 'Buy' call on NHPC Ltd shares with a target price of Rs 116. The multibagger scrip has gained 124.45% in the past one year. "We suggest to buy and accumulate the stock for an upside target of Rs 116 in the coming days, keeping stop loss at Rs 92," said Shiju Koothupalakkal, Technical Research Analyst at PL.
LTP: Rs 86.20 | SL: Rs 82 The PL analyst has also selected GMR Airports Infrastructure Ltd in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 99 per share. The scrip has surged 90.08% in a year. "The stock has overall maintained a positive trend and has been moving within a range for quite sometime with consolidation witnessed. One can buy it for an upside target of Rs 99 with stop loss placed at Rs 82," Koothupalakkal stated.
LTP: Rs 160.45 | SL: Rs 152 The analyst from PL has included L&T Finance Ltd in his stock suggestions as well with 'Buy' call for a target of Rs 180. The counter has shed 4.41% in the past one year. "Traders can buy the stock for an upside target of 180, keeping stop loss placed at Rs 152," Koothupalakkal mentioned.
"Nifty needs to sustain above 22,300 level. Otherwise, profit-taking might resume, potentially retesting the support zone of 21,800-22,000. Given the selective participation of key sectors in the rotation, investors should focus on stock selection, favoring those with relatively higher strength," said Ajit Mishra – SVP, Research at Religare Broking.
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