Stock market analysts have maintained ‘buy’ rating on Ranbaxy Laboratories stock with an intraday target of Rs 531.

According to them, interested traders can purchase the stock above Rs 525 with a strict stop loss of Rs 521. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 532.
 
Shares of the company, on Monday (August 4), closed at Rs 524 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 829050. The share price has seen a 52-week high of Rs 613.70 and a low of Rs 299.90 on BSE.

Indian stock markets ended that day negatively amid volatility. Heavy buying activity was seen in FMCG, metal, healthcare stocks, whereas oil, power and consumer goods stocks went down.

The 30-share index Sensex, on Monday (August 4), opened with a negative gap of 62.05 points at 14,594.64 the back of profit booking. After few minutes, Sensex moved into the positive terrain to trade on a flat note.

BSE Midcap and Smallcap index closed after gaining 1.77% each.

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.