ICICI Securities: BUY GAIL, Gujarat State Petronet, JSPL, Shyam Metalics and APL Apollo
Market experts at brokerage house ICICI Securities have suggested five stocks for medium term holding period that could offer decent returns. Indian markets are hovering around all-time high for NSE Nifty and BSE Sensex and the sentiment is bullish. Markets are looking for global cues and we can expect a range-bound session today. Major resistance for NSE Nifty would be 18622 and we can see selling at higher levels in today’s session.
ICICI Securities has suggested BUY Call for GAIL at current levels with target of Rs Rs 137. The stock is currently trading around Rs 95. There is nearly 42 percent return from current levels.
ICICI Securities has suggested BUY Call for Gujarat State Petronet at current levels for target of Rs 400, offering nearly 42 percent return from current price.
Investors can BUY Shyam Metalics at current levels for target of Rs 425. APL Apollo can be bought with a target price of Rs 1225. The stock is currently trading at Rs 1,075.
ICICI Securities has suggested BUY Call for JSPL with target of Rs 605. The stock is looking fundamentally strong.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.