Produced by: Prashun Talukdar
Benchmark indices on Thursday settled higher, led by gains in metal, energy and IT stocks dragged. The 30-share BSE pack rose 335 points or 0.46% to close at 73,097 and the broader NSE Nifty index moved 149 points or 0.7% up to end at 22,147. India VIX, fear index, tanked 5.59% to end at 13.62-level.
For March 15 (Friday), market analysts from a domestic brokerage and a research entity have assigned 'Buy' calls for Asian Paints, BEL and ICICI Bank shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 2,898 | SL: Rs 2,828 An analyst from LKP Securities has given a 'Buy' call on Asian Paints Ltd shares with a target price of Rs 3,110. The scrip has climbed 2.50% in the past one year. "The stock is poised for a consolidation breakout on daily charts after a prolonged correction. A decisive move above Rs 2,900 could trigger a short-term rally, potentially reaching Rs 3,110. Support is located at Rs 2,828, below which the stock may resume fall," said Rupak De, Senior Technical Analyst at LKP Sec.
LTP: Rs 196.40 | SL: Rs 189 The LKP analyst has also selected Bharat Electronics Ltd (BEL) in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 210 per share. The multibagger scrip has gained 112.10% in a year. "In the short term, the stock could advance towards Rs 210. Support is positioned at Rs 189, below which the stock may slip," De stated.
LTP: Rs 1,084.35 | SL: Rs 1,058 An analyst from a Sebi-registered research entity has included ICICI Bank Ltd in his stock suggestion with a 'Buy' call for a target of Rs 1,150. The counter has moved 31.29% up in the past one year. "The stock can see Rs 1,150 level in the near term. One should keep a stop loss placed at Rs 1,058," DRS Finvest founder Ravi Singh mentioned.
"Nifty could encounter resistance in the 22,200-22,250 zone. Support levels are situated at 22,050-22,000," said Rupak De from LKP Securities.
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