Karvy Stock Broking Limited has maintained ‘Buy’ rating on Shipping Corporation Of India Limited (SCI) stock with an intraday target of Rs 245.

According to Karvy, day traders can purchase the stock between Rs 232-235 with a strict stop loss of Rs 228. The stock pricing becomes more attractive, and reach above Rs 247, if the stock market remains on positive track.

Indian stock markets closed on a positive note, on Thursday (August 7), touching an intraday high of 15,280.06 and an intraday low of 14,992.97 ahead of inflation numbers for the week ended July 26.

Buying and selling action was witnessed in some of the selected stocks. Consumer durables, realty, auto, IT, banking traded positively, whereas capital goods, power and oil stocks went down.

BSE Midcap and Smallcap index closed positively after gaining 0.45% and 0.32% respectively.

The 30-share index Sensex gained further ground as heavy buying action was witnessed across board.

BSE Midcap and Smallcap surged 0.93 % and 0.85% respectively.

At 1:57 p.m., the BSE Sensex, which had tumbled to 14,992.97 earlier in the day, gained 206.52 points at 15,280.06, while NSE Nifty stood at 4,577.45, up 59.90 points.

IT, banking and realty stocks, which turned a bit easy after a quite positive show earlier this morning, recovered strongly on account of good buying action.

Stock market analysts have maintained ‘buy’ rating on Bharti Airtel stock with a short term target of Rs 920.

According to them, interested investors can purchase the stock around Rs 840 with a strict stop loss of Rs 830.
 
Shares of the company, on Wednesday (August 6), closed at Rs 869.70 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1010461. Current EPS and PE Ratio stood at 36.24 and 23.37 respectively. The share price has seen a 52-week high of Rs 1149 and a low of Rs 688 on BSE.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Cairn India stock with an intraday target of Rs 250.

According to Karvy, day traders can purchase the stock between Rs 232-234 with a strict stop loss of Rs 226. The stock pricing becomes more attractive, and reach above Rs 252, if the stock market remains on positive track.

Shares of the company, on Tuesday (August 06), closed at Rs 237.15 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1221278. The share price has seen a 52-week high of Rs 342.50 and a low of Rs 134.60 on BSE.

Indian stock markets traded positive all through the day, on Wednesday (August 6), gaining 159.17 points, during morning trade to touch a high of 15,422.82 but sank phenomenally by 349.28 points towards closing session.

Good buying activity was witnessed in sectors including Auto, Capital Goods and IT, whereas Healthcare, Realty and Power indices saw selling rally.

BSE Midcap gained 0.20%, whereas Smallcap index closed negatively after declining 0.68%.