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Domestic benchmark indices settled lower on Tuesday amid a highly volatile trade. The 30-share BSE Sensex pack fell 78 points or 0.12 per cent to close at 65,945, while the broader NSE Nifty moved 10 points or 0.05 per cent down to settle at 19,665. India VIX rose 2.61% to 11.19-level
For September 27 (Wednesday), share market analysts at different brokerages have assigned 'Buy' calls on Granules India Ltd, Jubilant FoodWorks, JSW Energy and PNC Infratech. Check share price targets, investment rationale, technical analysis and more crucial details
LTP: Rs 337.40
Religare Broking has a 'Buy' call on Granules India Ltd shares with a target price of Rs 358 apiece. Keep a stop loss placed at Rs 325, the brokerage mentioned. So far this year, Granules' stock has risen 5.36%
Granules has been in a steady uptrend while holding firmly above the support zone of short-term moving average, i.e., 10-EMA (Exponential Moving Average), indicating momentum in place, Religare said
LTP: Rs 545
Religare has included Jubilant Foodworks in its stock recommendations. The brokerage has a 'Buy' call on the counter with a target price of Rs 584 per share, keeping stop loss placed at Rs 524. Jubilant operates Domino's Pizza in India. The stock has jumped 8.13% in 2023 so far
Jubilant Food has registered a breakout from a trend continuation pattern, Religare said. Price pattern coupled with an uptick in volumes suggest resumption of the prior trend, it added
LTP: Rs 438.75
As per JM Financial, investors can 'Buy' JSW Energy shares for a target price of Rs 500 apiece. On a year-to-date (YTD) basis, the stock has jumped 49.46%. "Our positive view of the company extends beyond strategy to its proven execution capabilities, viz., expeditious execution of Kutehr Hydropower project, quick turnaround of Mytrah's wind assets, and likely faster commissioning of the Utkal power project. We expect the company's Revenue/EBITDA to cross Rs 20,000 crore/10,000 crore mark in FY26E, registering a 3-year Revenue/EBITDA/PAT CAGR of 27%/46%/36% over FY23-26E. We upgrade our rating from Hold to Buy," it stated
LTP: Rs 369.55
ICICI Direct Research has placed a 'Buy' call on PNC Infratech, suggesting a target price of Rs 460. "PNC has exhibited healthy execution along with a stable margin trajectory. Medium-term trigger is asset monetisation, which would free up capital and drive scalability," ICICI Direct said
"Nifty remained largely rangebound. However, the short-term sentiment remains bearish as Nifty closed below the 21-EMA. Looking ahead, the trend is expected to stay bearish as long as Nifty remains below 19,750 level. Support is established at 19,600, below which the index may decline further towards 19,250," said Rupak De, Senior Technical analyst at LKP Securities
"Nifty Bank has remained in a consolidation phase, marked by the bulls defending the 45,500 level while the bears have established a hurdle around 45,000. To establish a trending move, the index must break out of this range on either side, providing a clear direction for the market. Currently, the index is trading below its 20-day moving average (20-DMA). A decisive move above this said level could trigger positional buying on the long side, potentially changing the landscape of this consolidation phase," said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
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