Produced by: Prashun Talukdar
Domestic benchmarks on Monday gave up their entire gains and finally closed in the red post scaling lifetime peak levels. The 30-share BSE pack fell 20 points or 0.03% to end at 75,391 and the broader NSE Nifty index moved 25 points or 0.05% down to close at 22,932. India VIX, fear index, surged 6.82% to 23.19-level.
For May 28 (Tuesday), market analysts from a few domestic brokerages have assigned 'Buy' calls for JSW Energy, Sonata Software and Ashok Leyland shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 620.50 | SL: Rs 604 An analyst from LKP Securities has given 'Buy' call on JSW Energy Ltd shares with a target price of Rs 650. The multibagger scrip has jumped 145.55% in the past one year. "On the higher end, the stock might move towards Rs 650 level, with support placed at Rs 604," said Rupak De, Senior Technical Analyst at LKP Securities.
LTP: Rs 492.55 | SL: Rs 524 The LKP analyst has also selected Sonata Software Ltd in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 572-590 per share. The scrip has climbed 14.02% in a year. "Following a sharp decline, the stock has witnessed a significant recovery for the first time in several days. Over the short term, it might move towards Rs 572-590 levels, with support placed at Rs 525," De stated.
LTP: Rs 227.10 | SL: Rs 180 Analysts from Religare Broking have included Ashok Leyland Ltd in his stock suggestion with a 'Buy' call for a target of Rs 245. The counter has gained 55.44% in the past one year. "We continue to maintain Buy rating with a revised target price of Rs 245, valuing the company at 16x of its FY26E EV/EBITDA," Religare stated.
"Nifty remained mostly volatile during the day as India awaits the final phase of the general elections. The near-term outlook remains positive, with the index staying above the crucial moving averages. Support lies at 22,900, below which the index might slip towards 22,800. On the higher end, bears are active around 23,000-23,050. A decisive move above 23,050 might trigger a stronger rally towards higher levels," said Rupak De of LKP Securities.
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