Top 7 stock picks by Sanjiv Bhasin, AnandRathi, MotilalOswal and Nuvama; Check target price, stop loss
Top 7 Stock Picks: The stocks market today fell for the second straight session as the 30-share BSE benchmark dipped 33.9 points or 0.05 per cent to settle at 62,834.60. The broader NSE Nifty eked out marginal gains and ended 4.95 points or 0.03 per cent higher at 18,701.05. The markets dipped due to a volatile trade as investors looked to book profit in oil, IT and auto stocks ahead of the RBI policy announcement on December 7. Stock brokerage houses have picked their shares for the investors on Zee Business and these include ICICI Bank, Symphony, Supreme Industries and Mahindra and Mahindra among others.
M&M Share Price Target, Stop Loss
Stock market expert and Director at IIFL Securities, Sanjiv Bhasin has picked Mahindra and Mahindra Ltd shares. He said that Mahindra's vehicle sales have been good and the stock may reach the target price of Rs 1350 per share. He kept the stop loss at Rs 1220. The shares closed at Rs 1,259.20 today.
Bajaj Auto Share Price Target, Stop Loss
Sanjiv Bhasin also picked Bajaj Auto saying that it's one of the biggest exporters and is doing well in exports. Bhasin recommended the target price of Rs 3825-3850 per share while the stop loss was Rs 3600. Bajaj Auto stocks closed at Rs 3,660 per share today.
Sun Pharma Share Price Target, Stop Loss
Sanjiv Bhasin called this stock one of the biggest stocks and recommended it for a target price of Rs 1080 per share and with a stop loss of Rs 1018 per share. The Sun Pharma shares closed at Rs 1,039 per share today.
ICICI Bank Share Price Target
Brokerage house AnandRathi has recommended ICICI Bank shares at a target price of Rs 1,094 per share. ICICI Bank share prices closed at Rs 933.90 per share today.
Symphony Share Price Target
AnandRathi also recommended Symphony for a target price of Rs 1,194 per share. Since the stocks closed at Rs 937 per share today, investors can book a profit of around Rs 257 per share.
JK Cement Share Price Target
Brokerage house Motilal Oswal recommended a BJY call in JK Cement shares with a target price of Rs 3,550 per share. The stock closed at Rs 3,184.70 apiece today. Investors can earn a return of Rs 365 per share.
Supreme Industries Share Price
Brokerage firm Nuvama Wealth gave a BUY call on Supreme Industries with a target price of Rs 2817 per share. The stocks settled for Rs 2,493 per share today. Investors can earn a return of Rs 324 per share.