Brokerage firms and market analysts issued fresh trading ideas for today’s session with opportunities across banking, mineral, and energy counters. Most experts expect continued momentum in large-cap and mid-cap stocks. Here are the key intraday and short-term picks recommended by top analysts.
Gujarat Mineral Development Corp (GMDC) (CMP: Rs 613.90)
Gujarat Mineral Development Corp. (GMDC) is seen as a strong stock by three analysts Nilesh Jain, Head AVP- Technical & Derivatives Research, (Equity Research), Centrum Broking Ltd recommends ‘buy’ for a target price of Rs 645 and a stop loss at Rs 598. Osho Krishan, Chief Manager – Technical and Derivative Research, Angel One also suggests to buy this stock at a target price of Rs 646 and a stop loss at 590. The third analyst who suggests a ‘buy’ at a price range of Rs 609-615 for GMDC is Sachin Janardan Sarvade, AVP Derivatives, Retail Research, IDBI Capital Markets and Securities Limited who set a target price at 690 with a stop loss at Rs 579
Voltas Ltd (CMP: Rs 1,425.80)
Nilesh Jain has also recommended buying Voltas Ltd, setting a target price of Rs 1,480 and a stop loss at Rs 1,380.
NTPC Ltd (CMP: Rs 366.80)
Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One, has recommended buying NTPC Ltd. setting a target price of Rs 384 with a stop loss at Rs 357.
Chennai Petroleum Corporation Ltd (CMP: Rs 880.35)
Kunal Rambhia, Fund Manager & Trading Strategist, The Street recommends a ‘buy’ on Chennai Petroleum Corporation Ltd, with a target of Rs 935 and a stop loss at Rs 865.
Buy Karur Vysya Bank Ltd. (Rs 317.00)
Along with GMDC, Sachin Janardan Sarvade also suggested buying karur Vysya Bank Ltd. placing a stop loss at Rs 294 and a target price of Rs 365.
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