Produced by: Prashun Talukdar
Benchmark indices on Monday continued their upward move for the fifth straight session, led by gains in consumer and pharma stocks. The 30-share BSE Sensex rose 282 points or 0.39% to close at 72,708 and the broader NSE Nifty index moved 82 points or 0.37% up to close at 22,122. During intraday trade, Nifty50 touched its all-time high of 22,186.65. India VIX, fear index, jumped 5.22% to end at 16.02-level.
For February 20 (Tuesday), market analysts from a few domestic brokerages have assigned 'Buy' calls on GMR Infra, Indiabulls Real Estate and BLS International shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 92.40 | SL: Rs 87 An analyst from LKP Securities has given a 'Buy' call on GMR Airports Infrastructure shares with a target price of Rs 100. The multibagger scrip has zoomed 136.02% in the past one year. "The stock exhibits a bullish trend. One can consider initiating a position within the range of Rs 91-92, setting a stop loss at 87. And, expected target will be Rs 100," said Rupak De, Senior Technical Analyst at LKP Sec.
LTP: Rs 118.95 | SL: Rs 114 The LKP analyst has also selected Indiabulls Real Estate shares in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 133 per share. The multibagger scrip has zoomed 119.06% in a year. "The stock is showing signs of a potential rebound, indicating reversal of previous downtrend. Traders can consider initiating a position once the counter surpasses Rs 119.5 level, keeping a stop loss placed at Rs 114. Expected target will be Rs 133," De stated.
LTP: Rs 385 | SL: Rs 375 An analyst from brokerage Prabhudas Lilladher (PL) has suggested a 'Buy' call for BLS International Services shares with a target price of Rs 405. The multibagger scrip has rallied 135.40% in the past one year. "The stock has once again turned postive after a short correction. A further rise can be expected in the coming sessions. We suggest to buy the stock for an initial upside target of 405, keeping a stop loss of Rs 375," said Shiju Koothupalakkal, Technical Research Analyst at PL.
Nifty's aggressive upside targets are now seen at the psychological 22,500 mark, while 'make-or-break' support is at 21,783, said Prashanth Tapse, Senior VP (Research) at Mehta Equities.
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