Produced by: Prashun Talukdar
Domestic benchmarks on Tuesday halted their two-day strong upward move and settled lower as automobile, pharma and energy stocks dragged. The 30-share BSE Sensex slipped 106 points or 0.13% to close at 80,004 and the broader NSE Nifty moved down 27 points or 0.11% to end at 24,195. India VIX, fear index, edged up 0.01% to 15.31-level.
For November 27 (Wednesday), analysts from a domestic brokerage assigned ‘Buy’ calls on Jio Financial, Bharti Airtel and Granules India shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 326.10 | SL: Rs 317 Analysts from a brokerage have given a 'Buy' call on Jio Financial Services Ltd shares with a target price of Rs 342. The scrip has jumped 44.07% in the past one year. "The stock has been in a corrective phase for the past seven months. It has now posted a fresh breakout from an inverted head and shoulders pattern. This breakout signals potential outperformance and suggests continued strength from current levels," said Religare Broking.
LTP: Rs 1,577.95 | SL: Rs 1,530 Religare analysts have also selected Bharti Airtel Ltd in their stock recommendations. They have given a 'Buy' call on the counter with an upside target of Rs 1,650 per share. The scrip has gained 60.21% in a year. "Airtel has consistently shown a bullish trend. After reaching a peak of Rs 1,779 in September 2024, profit booking led to a correction, bringing the stock down to its previous resistance zone, which then acted as strong support, triggering a rebound. During this move, it broke out of a narrow falling channel, signaling the continuation of the rebound and a potential resumption of the prior uptrend," the domestic brokerage stated.
LTP: Rs 591 | SL: Rs 575 Analysts from the brokerage have included Granules India Ltd as well in their stock suggestions with a 'Buy' call. The stock may hit an upside target of Rs 635, they said. The counter has surged 56.37% in the past one year. "Granules consolidated for over two months. Recent price action indicates a potential steady uptrend and a breakout from a reversal pattern. The stock is worth monitoring for promising gains," Religare mentioned.
"Nifty's consolidation is unfolding as expected post-rebound. Banking and IT remain the key drivers, but a decisive move beyond the 24,350 hurdle will require broader participation from other heavyweight sectors. Traders are advised to stay selective, using dips to accumulate quality stocks, as long as the index holds above 23,800 level," Religare Broking said.
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