Stock market analysts have maintained a ‘Buy’ rating on GMR Infrastructure stock with a long term target of Rs 175.

The company is now making robust efforts to expand its market share, strengthen its business, shapes its asset quality and put more pressure on customer service to develop its profile and combat increasing competition.

According to analysts, investors who have already purchased the stock can go long with the intention of making a big profit.

On the other hand, interested investors can purchase the stock on declines with a strict stop loss of Rs 95.

The 30-share index, Sensex closed the week on a positive note on Friday (August 1) after gaining 300.94 points at 14,355.75 after touching a high of 14,369.59, while the broad-based NSE Nifty ended the week at 4,413.55, up 80.60 points, after hitting a high of 4,422.95.

Good buying action was seen across various sectors.

BSE Midcap and Smallcap index surged 0.24% and 0.21% respectively.

The overall market breadth was positive as it saw 1,551 advancements as compared to 1,108 declinations.

Indian stock markets continued its upward trend backed by lower than expected inflation numbers, encouraging worldwide signals and heavy buying action by funds.

Stocks, which pushed the benchmark index higher during the week, were Tata Steel that climbed 10.16%, HDFC surged 8.13%, RIL arose 7.10%, Wipro zoomed 6.47%, and BHEL was up by 6.14%.

In contrast, Reliance Com (13.18%), Maruti Suzuki (8.77%), Tata Motors (6.57%), Hindalco (5.82%) and NTPC (5.76%) were the major losers in the 30-share index.

After opening with a negative gap of 291.49 points at 14,064.26 on Friday (August 1), the 30-share index BSE Sensex climbed up 247.57 points towards the closing sessions.

Good buying action was witnessed across sectors.
 
BSE Midcap and Smallcap index closed the week on a positive note after gaining 0.24% and 0.21% respectively.

The stock market bells ringed depressing tones during the early sessions mainly on the back of worldwide signals.

The 30-share index BSE Sensex, which opened with a negative gap of around 300 points and lost more than 320 points to touch the day’s low, has regained over 516.51 points and entered into the positive zone.

It has gained over 200 points to touch the high of 14,549.56 on the back of big improvement in the majority of Asian indices. Hang Seng, Shanghai indices turned into positive terrain after wiping off its previous losses.

The recovery was mainly led by BSE Metal, Consumer Goods and Oil and Gas.

Stock market analysts have maintained ‘buy’ rating on ICICI Bank stock with an intraday target of Rs 640.

According to them, interested traders can purchase the stock around Rs 635 with a strict stop loss of Rs 632. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 642.
 
Shares of the bank, on Thurday (July 31), closed at Rs 634.85 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1353189. Current EPS and PE Ratio stood at 36.93 and 17.13 respectively. The share price has seen a 52-week high of Rs 1465 and a low of Rs 515.10 on BSE.