NewsPhotos Stocks in Focus: From SBI Cards to EID Parry to Paytm, 7 stocks to bet on next week; Check target price, stop loss

Stocks in Focus: From SBI Cards to EID Parry to Paytm, 7 stocks to bet on next week; Check target price, stop loss

The stock markets settled a bit lower halting their eight-day rally during which the equity benchmark indices hit a record high as well. The Sensex and Nifty were dragged down by a weak trend in global markets and the emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points to close at 62,868.50. The broader NSE Nifty dipped 116.40 points to end at 18,696.10. As the markets will open on Monday, December 5, after two days of holiday, brokerages have already given their calls for multiple stocks that will be in focus next week. These include Paytm, SBI Cards and EID Parry. The above stocks have been suggested by experts/brokerage houses to Zee Business and neither Zee News nor Zee Business vouches for these shares.

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Updated:Dec 04, 2022, 01:52 PM IST

One97 Communications Paytm Share Price Target

1/6

Paytm Share Price Target: Paytm's parent company One97 Communications has given around 18 per cent return in the last week. The share prices closed at Rs 539.75 on Friday. The brokerage house CLSA has upgraded its rating on Paytm to BUY with a target price of Rs 650 per share. Citi has also given a buy call on One97 Communications with a target price of Rs 1055 in long term.

SBI Cards Share Price Target

2/6

The SBI Cards share prices have surged around three per cent in the last week. It closed at Rs 837.5 per share on Friday. Morgan Stanley has given an overweight rating to the stock with a target price of Rs 1,100 per share. It noted that monthly spending for the credit sector rose 5.5 per cent month on month and 28 per cent year on year and is likely to benefit the company. Credit Suisse and Macquarie have maintained outperform ratings on SBI Cards with a target price of Rs 1080 and Rs 1200 per share respectively.

Indian Railways Finance Corporation, IRFC Share Price Target

3/6

The Indian Railways Finance Corporation, IRFC, shares have been chasing an upward trajectory as it closed at Rs 34.4 per share on Friday. Market analyst Ambareesh Baliga suggested investors book profit by buying IRFC shares. Avinash Gorakshakar has set a long-term target of Rs 40-45 for IRFC shares

Bandhan Bank Share Price Target

4/6

Bandhan Bank shares traded higher on December 2 on the back of a bulk deal after Plutus Wealth Management bought 90 lakh scrips of the private lender for an average price of Rs 235.65 per share amounting to Rs 212.08 crore. The share price closed at Rs 240.10 on Friday. Brokerage house CLSA has recommended a BUY rating on Bandhan Bank with a target price of Rs 300 per share. ICICI Securities has also maintained a buy rating with a price target of Rs 365 per share.

Andhra Sugars Share Price Target, Stop Loss

5/6

Market expert Sandeep Jain has recommended Andhra Sugars as a positional pick. The stock closed at Rs 136.40 per share on Friday. Jain recommended a target price of Rs 150 per share with a stop loss of Rs 130.

EID Parry Share Price Target, Stop Loss

6/6

EID – Parry is in the business of Sugar and Nutraceuticals. The company is a part of the Rs 369 billion Murugappa Group, one of India’s leading business conglomerates. Jain has set a target price of Rs 670/690 for the shares in the long term. The EID Parry shares closed at Rs 600.5 on Friday.