Stock Recommendation Live: The Street Suggests Buy For Bharat Forge
The Street Founder Kunal Rambhia recommended a buy for the stock with a target price Rs 1,300 apiece. The current target price implied 2.5% upside from Tuesday’s close price. The stop loss is at Rs 1,255 apiece.
Out of 29 analysts tracking the company, 13 maintain a ‘buy’ rating, seven recommend a ‘hold,’ and nine suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies a downside of 9.4%.
Stock Recommendation Live: Angel One Gives Buy To Tata Chemicals
Angel One Technical and Derivative Research Chief Manager Osho Krishnan suggested a buy for Tata Chemicals Ltd. The target price is Rs 940, which implied 3.5% upside from Tuesday’s close price. The stop loss is at Rs 875 apiece.
Indegene, Tata Technologies, Aditya Birla Fashion In Focus
Aditya Birla Fashion and Retail Ltd., Alkem Laboratories, Indegene Ltd., and Tata Technologies Ltd. are in focus because of expected block deals. Total value of block deal for Wednesday is estimated to be at Rs 3,480 crore.
Ashok Leyland, Garden Reach, Paytm, Sun Pharma In Focus
Ashok Leyland Ltd., Garden Reach Shipbuilders Ltd., One 97 Communication Ltd., and Sun Pharmaceutical Industries Ltd. are in focus because of the business related news flow overnight.
Ashok Leyland received an order worth Rs 182 crore. Garden Reach Shipbuilders signed a deal with Norway’s Konsberg to build India’s first polar research vessel.
Sun Pharmaceutical Industries reported a successful executed a second phase trial of a drug used in treating inflammatory disease. Yes Bank approved raising fund up to Rs 16,000 crore. Paytm’s unit incorporated a new subsidiary, Paytm Singapore.
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