Here is a look at some of the top recommendations from HDFC Securities –
Irb Infrastructure Developers
Analysts at the HDFC Securities see 7% upside potential in Irb Infrastructure stocks and recommended investors to buy the scrip at an upside target of Rs 34.50, in its brokerage report. “The overall bullish chart pattern of the stock price indicates long trading opportunity. One may look to buy as per the levels mentioned above,” said the HDFC Securities’ report.
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The stock price of Irb Infrastructure has gained 1.85% in the last five days, 3.19% in the last one month, 19.41% in the last six months and a whopping 35.30% in the last one year.
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The report further said that, “Short term trend of the stock turned positive as stock price has started trading above multiple resistances. Volume has started to rise along with the up move in the stock price. RSI and MFI oscillators are rising upwards on the daily and weekly chart, Indicating strength in the current uptrend.”
The report, however, cautioned investors to set a stoploss at Rs 30.60 to avoid financial losses.
E I D-Parry (India)
Analysts at the HDFC Securities see nearly 6% upside potential in E I D-Parry (India) stocks and recommended investors to buy the scrip at an upside target of Rs 555, in its brokerage report. “The overall bullish chart pattern of the stock price indicates long trading opportunity. One may look to buy as per the levels mentioned above,” said the HDFC Securities’ report.
The report further said that, “After showing minor declines/sideways consolidation, the stock price- EIDPARRY has shifted into an upside bounce. Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance.”
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The stock price of E I D-Parry (India) fell 2.07% in the last five days, 7.64% in the last one month, while it gained 1.70% in the last six months, whereas it plunged 16.59% in the last one year.
The report also said that the short-term trend seems to have turned positive. We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart. Volume has started to rise along with the upmove in the stock price.
The report, however, cautioned investors to set a stoploss at Rs 497 to avoid any financial setback.
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By admin • January 2, 2025 • Infosys share price tanked 4.46% to Rs 1,400 during the early trade on Friday, a day after the IT giant announced a 3.2% growth in its second-quarter net profit to Rs 6,212 crore year-on-year. The company’s revenue from operations in the July-September quarter jumped 7.5% year-on-year to Rs 11,963 crore from Rs 11,126 crore. The company also announced an interim dividend of Rs. 18 per equity share. The stock price of Infosys has fallen 3.67% in the last 5 days, and 5.11% in the last one month, while it has gained 2.47% in the last six months and 0.29% in the last one year.
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By admin • December 27, 2024 • Tiger Global and Z47 (formerly Matrix Partners India), which bet on Ola Electric Mobility at a very early stage, are set to make multibagger returns, with the company pricing its initial public offering (IPO) at a price band of Rs 72-76 per share.
At the upper end of the band, founder and promoter Bhavish Aggarwal’s 36.94% stake in the company is worth Rs 10,350 crore. Aggarwal will offload 37.9 million of his total holding of 1,361.9 million shares.
The Rs 6,100-crore IPO, through which fresh capital worth Rs 5,500 crore will be raised, will open for subscription on August 2 and close on August 6. At Rs 76, Ola will be valued at Rs 33,500 crore (approximately $4 billion).
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