Indian stock markets maintained its upward trend and gained more than 500 points during the week, ended on August 08, despite weak global markets, high inflation numbers and slumping growth.

The Federal Reserve’s decision to keep the benchmark lending rates the same at 2% assisted the stock market to lift up from the lows and consolidate a bit.

The Sensex, which marked its closure at 15,167.82, gained 511.13 points during the week, whereas the 50-share index, NSE Nifty profited 115.95 points to close the week at 4,529.50.

Stock market analysts are of the view that investors can buy Gwalior Chemical Industries stock to achieve a short term target of Rs 163.

According to analysts, interested investors can purchase the stock on declines with a strict stop loss of Rs 104.

Today (Aug 08), the company’s shares opened at Rs 113, as against its last closure at Rs 109.70 on Thursday (August 07), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 11.66 and 9.62 respectively. The share price has seen a 52-week high of Rs 127 and a low of Rs 37.05 on BSE.

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.