The Indian Stock Market is on a positive run for the third consecutive day. On 16th April, the Nifty 50 gained 109 points and closed at 23,437.20. On the other hand, the Sensex also increased by 309 points and closed at 77,044.29. What are the stocks to watch today that can break out? Check the expert’s recommendation.
Stocks to Buy Today by Vaishali Parekh
1. Hindusthan Zinc: The first recommendation of the day is Hindusthan Zinc. You can purchase these shares at Rs 439 and target to sell at Rs 465. Also, remember to keep a stop loss at Rs 425.
2. Syngene International: Another good stock to watch today is Syngene International. These shares can be purchased at Rs 735 and aim for a target price of Rs 760. Do remember to keep a stop loss at Rs 720.
3. Bank of Maharashtra: The last recommendation of the day by Vaishali Parekh is Bank of Maharastra. You can buy these shares at Rs 47.40 and target to sell at Rs 52. Do remember to keep a stop loss at Rs 45.
Stocks to Buy Today by Sumeet Bagadia
1. Karnataka Bank: The first recommendation of the day is Karnataka Bank. You can buy these shares at Rs 190.48 and aim to sell at a target price of Rs 204. Do remember to keep a stop loss at Rs 183.
2. Refex Industries: The stock that can break out today is Refex Industries. You can purchase these stocks at Rs 446.05 and sell for a target price of Rs 477. A stop loss of Rs 430 should also be kept.
3. Repco Home Finance: Another good stock that can break out today is Repco Home Finance. You can buy these shares at Rs 376.15 and target to sell at Rs 403. Do remember to keep a stop loss at Rs 362.
4. Indraprastha Medical Corporation: The second-to-last recommendation of the day is Indraprastha Medical Corporation. Investors can buy these shares at Rs 423.25 and sell at a target price of Rs 453. It is also advised that a stop loss of Rs 408 be kept.
5. DCB Bank: The last recommendation of the day by Sumeet Bagadia is DCB Bank. You can buy these shares at Rs 123.43 and target to sell at a target of Rs 132. Do remember to keep a stop loss at Rs 119.
All the recommendations provided above are of individual analysts’ or experts’ views. Indiahood does not suggest anything regarding buying or selling. Investors are strongly advised to consult with their certified experts before making any investment-related decision.
