Advertisement
Tuesday, Dec 07, 2021
Outlook.com
Outlook.com

Stocks To Buy Today: ONGC, Canara Bank, IGPL And More

The banking sector continues to dominate the show with ICICI Bank registering the new highs on Monday following the robust earnings quarterly.

Stocks To Buy Today: ONGC, Canara Bank, IGPL And More
Stocks To Buy Today: ONGC, Canara Bank, IGPL And More
outlookindia.com
2021-10-26T09:15:54+05:30

Equity benchmark Sensex rose 145 points to 60,967 on Monday, driven by gains in banking stocks such as ICICI Bank, Axis Bank, and accompanied by losses in auto and IT stocks.

The banking sector continues to dominate the show with ICICI Bank registering the new highs on Monday following the robust earnings quarterly.

The Asian Markets started Tuesday on a positive note as the major indices were trading in the green on the early hours on Monday. Japanese Nikkei 225 was up 500 points to 29,100, while Shanghai Composite Index was trading flat with 4 points gain at 3613.  The Asia Dow Index USD was also trading half a per cent above at 3946. 

Here are stocks that analysts suggest to watch out for today, as per Mint repot.

Sumeet Bagadia, Executive Director at Choice Broking

ONGC: Buy ONGC, Stop Loss 155, Target 170

Canara Bank: Buy Can Bank, Stop Loss Rs 195, Target 210-215

Mudit Goel, Senior Research Analyst at SMC Global Securities

City Union Bank: Buy CUB, Target Rs 183, Stop Loss Rs 173

Ravi Singhal, Vice chairman, GCL securities Limited

ONGC: Buy at Rs 161, Target Rs 170, Stop Loss Rs 157

Ravi Singh, Head of Research & Vice President, ShareIndia

ONGC: Buy at RS 160, Target Rs 168, Stop Loss Rs 158

IGPL: Buy at Rs 850, Target Rs 880, Stop Loss Rs 840

Manoj Dalmia, Founder, and Director- Proficient Equities Limited

Bank of Baroda: Buy at Rs 96.50, Target Rs 102, Stop Loss rs 94

Also, today, a lot of companies are expecting their quarterly results that could impact their share price. These companies include ABB, Ambuja Cement, Axis Bank, Bajaj Finance, BirlaSoft, Canara Bank, Central Bank, Cipla, Gati, Greaves Cotton, Hikal Chemicals, IRB, Kotak Bank, Mahindra Lifespace, Mahanagar Gas, MRPL, Persistent Systems, Torrent Pharma and Zensar Technologies.

Meanwhile, expressing views on Nifty, Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “The short term trend of Nifty is range bound with minor positive bias. Having slowed down of downside momentum and placed at the crucial supports, one may expect chances of upside bounce from the lower levels.”

Any failure to sustain the upside bounce or a decisive move below 17950-17900 levels could extend sharp weakness for the short term. A confirmation of upside reversal by positive close could open an upside bounce in the market, he said.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Why A Democratic India Must Junk Draconian AFSPA

Why A Democratic India Must Junk Draconian AFSPA

Experts believe the AFSPA has caused more harm to the Indian State in insurgency-hit areas than mitigating problems. Here’s why.

Nagaland Ambush: Not Just AFSPA, It’s Time To Do Away With Most Special Laws

Nagaland Ambush: Not Just AFSPA, It’s Time To Do Away With Most Special Laws

It may be time for India to uphold human dignity, take a hard look at some of its regressive laws like AFSPA which includes Special Laws that authorises detention without trial.

Why England Are Resting James Anderson Vs AUS In 1st Ashes Test

Why England Are Resting James Anderson Vs AUS In 1st Ashes Test

The decision to rest Anderson at Gabba for the first Ashes 2021-22 Test is part of an English plan to keep the pace spearhead fresh for bigger challenges.

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Has the AFSPA become an ideological Act, a tool to revise Kashmir history? Many analysts believe so.

Advertisement