Stock market analysts are of the view that investors can buy Nagarjuna Fertilizers & Chemicals Ltd stock to achieve a short term target of Rs 52.

According to analysts, interested investors can purchase the stock above Rs 42.8 with a strict stop loss of Rs 39.5.

Today (August 08), the shares of the company opened at Rs 40.45 on the Bombay Stock Exchange (BSE). Current EPS and P/E stood at 0.52 and 79.64 respectively. The share price has seen a 52-week high of Rs 89 and a low of Rs 22.80 on BSE.

As per views of technical analyst Mathew Easow, investors can purchase Tanla Solutions stock above Rs 226 to achieve a short term between Rs 260-278.

The stop loss marked for the suggested stock is Rs 214.

Today (Aug 08), the company’s shares opened at Rs 218.45, as against its last closure at Rs 216.15 on Thursday (August 07), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 9.29 and 23.80 respectively. The share price has seen a 52-week high of Rs 410 and a low of Rs 182.10 on BSE.

Stock market analysts have maintained ‘Sell’ rating on Reliance Petroleum Limited (RPL) stock to achieve a target between Rs 155-157 today.

The investors are advised to sell the stock in order to avoid loss, as there are full chances of a downward trend in this stock.

If the stock fell below Rs 160, it may see more weakness.

According to analysts, investors can sell the stock below Rs 163.4 with a strict stop loss of Rs 166.3.

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

Stock market analysts have maintained ‘buy’ rating on Cipla stock with an intraday target of Rs 231.

According to them, interested traders can purchase the stock around Rs 228 with a strict stop loss of Rs 225. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 232.
 

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.