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Stocks to Buy Today: Share Market Latest News | Maruti, RVNL, PNB, Among Stocks Predicted to Gain
Published : Sep 23, 2024, 10:10 am IST
Updated : Sep 23, 2024, 10:10 am IST
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Stocks to Buy Today: Share Market Latest News |Maruti, RVNL, PNB, Among 11 Stocks Predicted to Gain
Stocks to Buy Today: Share Market Latest News |Maruti, RVNL, PNB, Among 11 Stocks Predicted to Gain

Nifty 50 index has continued its upward momentum, gaining nearly 2% for the second consecutive week.

Stocks to Buy Today, Share Market Latest News: The Indian stock market has been on a strong upward trend, driven by the US Federal Reserve’s 50-basis-point rate cut and hints of further reductions. Lower-than-expected US jobless claims have also eased recession fears, contributing to market optimism.

The Nifty 50 index has continued its upward momentum, gaining nearly 2% for the second consecutive week. On a monthly basis, the index has risen over 2%, maintaining its positive trend since June, and is up around 19% so far this year.

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While experts remain optimistic about the domestic market, they advise investors to be cautious and focus on quality stocks. Analysts have identified 11 stocks that are expected to rise by 7-27% in the coming 3-4 weeks. 

Stocks to Buy Today, Share Market Latest News

Here are the recommendations by experts, as given by LiveMint:

Shiju Koothupalakkal, Technical Research Analyst, PL-Capital - Prabhudas Lilladher

- SBI Life Insurance Company  
  Previous Close: Rs 1,870.25  
  Buying Range: Rs 1,860-1,885  
  Target Price: Rs 2,120  
  Stop Loss: Rs 1,770  
  Upside Potential: 13%

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- Escorts Kubota  
  Previous Close: Rs 4,079.25  
  Buying Range: Rs 4,050-4,100  
  Target Price: Rs 4,575  
  Stop Loss: Rs 3,770  
  Upside Potential: 12%

- Havells India  
  Previous Close: Rs 2,048.10  
  Buying Range: Rs 2,030-2,060  
  Target Price: Rs 2,270  
  Stop Loss: Rs 1,955  
  Upside Potential: 11%

Mandar Bhojane, Equity Research Analyst, Choice Broking

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- Housing & Urban Development Corporation (HUDCO)  
  Previous Close: Rs 251.05  
  Target Price: Rs 300 and Rs 320  
  Stop Loss: Rs 220  
  Upside Potential: 27%

- Cummins India  
  Previous Close: Rs 3,814.05  
  Target Price: Rs 4,100 and Rs 4,200  
  Stop Loss: Rs 3,600  
  Upside Potential: 10%

- Jindal Stainless  
  Previous Close: Rs 776.70  
  Target Price: Rs 850 and Rs 870  
  Stop Loss: Rs 720  
  Upside Potential: 12%

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Vishnu Kant Upadhyay, AVP of Research and Advisory, Master Capital Services

- BPCL  
  Previous Close: Rs 331.20  
  Buying Price: Rs 330  
  Target Price: Rs 360 and Rs 365  
  Stop Loss: Rs 308  
  Upside Potential: 10%

- Punjab National Bank (PNB)  
  Previous Close: Rs 108.41  
  Buying Price: Rs 108  
  Target Price: Rs 122 and Rs 125  
  Stop Loss: Rs 99.50  
  Upside Potential: 15%

- Rail Vikas Nigam (RVNL)  
  Previous Close: Rs 544.25  
  Buying Range: Rs 540  
  Target Price: Rs 622 and Rs 630  
  Stop Loss: Rs 489  
  Upside Potential: 16%

Jigar S. Patel, Senior Manager of Equity Research, Anand Rathi Share and Stock Brokers

- Maruti Suzuki India  
  Previous Close: Rs 12,614.50  
  Buying Range: Rs 12,500-12,650  
  Target Price: Rs 13,500  
  Stop Loss: Rs 12,100  
  Upside Potential: 7%

- Havells India  
  Previous Close: Rs 2,048.10  
  Buying Price: Rs 2,030  
  Target Price: Rs 2,230  
  Stop Loss: Rs 1,930  
  Upside Potential: 9%

- JK Paper  
  Previous Close: Rs 457.05  
  Buying Range: Rs 440-460  
  Target Price: Rs 535  
  Stop Loss: Rs 405  
  Upside Potential: 17%

Investors are encouraged to consider these stocks, as they show strong potential for significant gains in the coming weeks. However, experts advise careful monitoring and appropriate stop-loss measures to minimize risks.

(For more news apart from Stocks to Buy Today, Share Market Latest News, stay tuned to Rozana Spokesman)

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