Produced by: Prashun Talukdar
Domestic benchmarks on Thursday closed in the green, led by gains in banks, metals, energy and realty stocks. The 30-share BSE Sensex pack scaled a fresh all-time high of 77,852 during intraday deals. It eventually settled 141 points or 0.18% higher at 77,478. The broader NSE Nifty index ended 51 points or 0.22% up at 23,567. India VIX, fear index, fell 2.68% to 13.35-level.
For June 21 (Friday), analyst from a domestic brokerage has assigned 'Buy' calls for GMDC, Graphite India and Taj GVK shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 404.20 | SL: Rs 385 An analyst from Prabhudas Lilladher (PL) has given a 'Buy' call on Gujarat Mineral Development Corporation Ltd (GMDC) shares with a target price of Rs 460. The multibagger scrip has surged 150.28% in the past one year. "We anticipate a further upward movement in the stock and suggest to buy it for an upside target of Rs 460, keeping stop loss placed at Rs 385," said Shiju Koothupalakkal, Technical Research Analyst at PL.
LTP: Rs 588.50 | SL: Rs 560 The PL analyst has also selected Graphite India Ltd in his stock recommendations. He has given a 'Buy' call on the counter with a target price of Rs 666 per share. The scrip has risen 39.57% up in a year. "The stock can carry on with the positive move further ahead. We suggest to buy it for an upside potential target of Rs 666, keeping a stop loss at Rs 560," Koothupalakkal stated.
LTP: Rs 353 | SL: Rs 330 The analyst from PL has included Taj GVK Hotels and Resorts Ltd in his stock suggestions as well with a 'Buy' call. One can expect a target of Rs 404 in the near term. The counter has gained 50.02% in the past one year. "One can anticipate a further upward movement in the stock. We suggest buying it for an upside target of Rs 404, keeping a stop loss of Rs 330," Koothupalakkal mentioned.
"Nifty stuck between 23,400 and 23,650 levels. The undertone remains bullish as long as the index sustains above the support zone of 23,400, where aggressive put writing is visible. Surpassing the 23,650 mark will open further room towards 23,800-24,000 levels," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
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