NDTV Profit

Trading Calls: Buy ACC, Escorts, Vedanta, Says Expert

Vedanta, Hindalco Industries, Tata Motors, Mahindra & Mahindra, Aurobindo Pharma and Cipla were the top Nifty50 gainers.
EMAIL
COMMENTS
Gains were led by metal, auto, infra and pharma/healthcare shares (Representational image)
Gains were led by metal, auto, infra and pharma/healthcare shares (Representational image)
Indian shares started the week on a positive note, the BSE benchmark index Sensex and the broader Nifty index hitting new life-time highs of 32,687.32 and 10,242.45 points, respectively. Gains were led by metal, auto, infra and pharma/healthcare shares - up between 0.8 per cent and 1.6 per cent in morning deals. Vedanta, Hindalco Industries, Tata Motors, Mahindra & Mahindra, Aurobindo Pharma and Cipla were the top Nifty50 gainers - rising between 1.7 per cent and 2.1 per cent. Domestic shares also took positive cues from other Asian markets, where shares advanced to new highs following Wall Street's lead. MSCI's broadest index of Asia-Pacific shares outside Japan gained for a fifth day running to be up 0.3 per cent, after US stocks ended at record highs. Australian shares extended their winning streak to a fourth straight session to rise 0.6 per cent, while Japan's Nikkei rallied for a sixth day to the highest since November 1996.

Research analyst Simi Bhaumik shared some of her trading calls:

Buy ACC for a target price of Rs 1,810 with stop loss at Rs 1,745
Buy Escorts for a target price of Rs 730 with stop loss at Rs 697
Buy Vedanta for a target price of Rs 327 with stop loss at Rs 318

Disclaimer: Investors are advised to make their own assessment before acting on the information.

For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ Rupee Closes Higher On Hopes Of S&P Ratings Upgrade

Advertisement

Advertisement

GAINERS / LOSERS