Produced by: Prashun Talukdar
Domestic benchmarks on Tuesday closed in the green, led by gains in automobile, metals, state-owned lenders and energy stocks. Headline index NSE Nifty rose 114 points or 0.51% to settle at 22,218-level. The 30-share BSE Sensex pack climbed 328 points or 0.45% to end at 73,105. India VIX, fear index, fell 1.96% to 20.20-level.
For May 15 (Wednesday), market analysts from a domestic brokerage have assigned 'Buy' calls for IRFC, Aurobindo Pharma and Marico shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 157.75 | SL: Rs 152 Analysts from Religare Broking have given 'Buy' call on Indian Railway Finance Corporation Ltd (IRFC) shares with a target price of Rs 168. The multibagger scrip has rallied 371.60 per cent in the past one year. "The stock witnessed a strong upmove with noticeable volumes. We believe this bullish tone will continue. Traders can accumulate the stock in the given range," the brokerage said.
LTP: Rs 1,165 | SL: Rs 1,115 Religare analysts have also selected Aurobindo Pharma Ltd in their stock recommendations. They have given a 'Buy' call on the counter with a target price of Rs 1,265 per share. The scrip has surged 89.85% in a year. "The stock is offering fresh buying opportunity. Traders can consider taking positions in the mentioned range," Religare stated.
LTP: Rs 600 | SL: Rs 565 The analysts from Religare have included Marico Ltd in their stock suggestions as well with 'Buy' call for a target of Rs 670. The counter has climbed 11.75% in the past one year. "We are seeing a noticeable traction in the FMCG space and Marico is leading from the front. It has registered a breakout after spending nearly over 2 years in consolidation phase and now looking set for the next leg of the upmove. We advise traders to accumulate the stock in the given range," Religare mentioned.
"Going ahead, we need a decisive close above 22,350 for further recovery in Nifty. On the other hand, the 22,000–21,800 zone would offer a cushion in case of further profit-taking," analysts at Religare Broking said.
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