Stock market expert Hitendra Vasudeo, stockmechanics.com has suggested that Tata Motors stock can be purchased by day traders in today’s trading session above Rs 652 for achieving an intraday target of Rs 677.
If the stock markets remain on positive track, the next intraday target for the day is above Rs 684. The stop loss for the day is Rs 635.
Shares of the company, on Wednesday, closed up Rs 7.1, or 1.13% at Rs 634.55 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 49,782.
Stock market analyst E Mathew is of the view that the stock of Electrosteel Castings can be purchased around Rs 45 with a stop loss of Rs 40 for achieving a short-term target of Rs 63.
Mr. Mathew also said that the investors can achieve the target within a period of 4-5 weeks. The stock has been recommended after analyzing its last performances.
Mr. Mathew said that the traders can achieve the said target on the back of brilliancy in the stock market.
Stock market analyst Ashwani Gujral has suggested investors to purchase Hind Oil stock to achieve a short-term target of Rs 132.
According to him, the stock can be purchased on declines with a stop loss of Rs 94.
Mr. Gujral also said that the investors can achieve the target within a period of 3-4 weeks. So, the investors are advised not to sell this stock before achieving this price target.
Stock market expert Ashwani Gujral has suggested that Petronet LNG stock can be purchased by day traders in today’s trading session around Rs 70 for achieving an intraday target of Rs 78.
If the stock markets remain on positive track, the next intraday target for the day is above Rs 83. The stop loss for the day is Rs 63.
After gaining Rs 5.10, the shares of the company ended positively at Rs 70.15, on Friday, on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio of the stock stood at 6.14 and 11.42 respectively. The share price has seen a 52-week high of Rs 121.9 and a low of Rs 41.15 on BSE.