Stock recommendations by analyst for May 27: TVS Motor, Power Finance Corp and RVNL
Produced by: Prashun Talukdar
Market recap: Sensex, Nifty closed flat
Domestic benchmarks on Friday settled almost flat as losses in consumer and IT stocks countered gains in banks and financials. The 30-share BSE pack fell 8 points or 0.01% to end at 75,410 and the broader NSE Nifty index moved 11 points or 0.05% down to close at 22,957. India VIX, fear index, rose 1.54% to 21.71-level.
Stocks with potential 'Buy' calls for May 27
For May 27 (Monday), market analysts from a few domestic brokerages have assigned 'Buy' calls for TVS Motor, Power Finance Corp and RVNL shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
TVS Motor share price target
LTP: Rs 2,246.20 | SL: Rs 2,160 An analyst from LKP Securities has given 'Buy' call on TVS Motor Company Ltd shares with target prices of Rs 2,320-2,370. The scrip has jumped 72.81% in the past one year. "The stock has given a consolidation breakout on daily charts. One can consider initiating a position in the range of Rs 2,230-2,250, with a stop loss set at Rs 2,160. The upside targets are Rs 2,320 and Rs 2,370," said Rupak De, Senior Technical Analyst at LKP Securities.
PFC share price target
LTP: Rs 492.55 | SL: Rs 474 The LKP analyst has also selected Power Finance Corporation (PFC) in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 520-530 per share. The multibagger scrip has gained 253.23% in a year. "The stock has given a consolidation breakout on daily timeframe, suggesting a rise in optimism. On the higher end, it might move towards Rs 530 in the short term. The stock might decline if it falls below 474," De stated.
RVNL share price target
LTP: Rs 368.55 | SL: Rs 265 An analyst from Religare Broking has included Rail Vikas Nigam Ltd (RVNL) in his stock suggestion with a 'Buy' call for a target of Rs 400. The multibagger counter has soared 203.08% in the past one year. "The stock has potential to hit an upside target of Rs 400. Keep stop loss placed at Rs 265," said Ravi Singh, Senior Vice-President (Retail Research) at Religare.
Nifty outlook
"For Nifty, sentiment might remain subdued over the next few days, with the index ranging between 22,950 and 23,050. Heavy call and put writing activity at 23,000 suggests a possible range-bound trade in the near term. Only a decisive fall below 22,950 might take the index towards 22,800. On the other hand, a sustained movement above 23,050 might lead to a meaningful rally," said Rupak De of LKP Securities.
Disclaimer
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