Money-Making Ideas: Here are the top 5 stocks to buy from brokerage recommendations. Stock picks with share price target projections can be great money-making ideas for stock market investors. Check IRFC, Varun Beverages, IDBI, Bank Of India and other share price targets here.
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Stock Market Today: GIFT Nifty on Thursday at 8:30 am was up by 0.36 per cent or 81 points at 22,606. The index hinted at a positive start for the D-Street.
Global Cues: Global cues are positive US stock indices the Dow Jones Industrial Average fell 43.1 points, or 0.11 per cent, to 39,127.14, the S&P 500 gained 5.68 points, or 0.11 per cent, to 5,211.49 and the Nasdaq Composite added 37.01 points, or 0.23 per cent, to 16,277.46. as per the Reuters report.
Ahead of Thursday’s market opening take a look at the stocks to buy today recommended by various brokerages. For the stock market investors share price target projections can be a good money-making idea.
Top Stocks To Buy Today On April 4, 2024
Stocks To Buy Today: Bank Of India Share Price Target
LKP Securities Derivative Analyst Kunals Sha has given a ‘BUY’ rating for the banking stock setting the Bank Of Indian share price target at Rs 160 per share. The analyst also recommended the stop loss at Rs 134 per share.
‘The stock is poised for a breakout from a prolonged consolidation phase on the daily technical chart. This potential breakout is supported by a positive crossover on the momentum indicator RSI, affirming bullish momentum. A lower-end support level for the stock is established at 134, serving as a cushion for bullish sentiment. The anticipated upside potential target for the stock is 160,’ said Shah.
Stocks To Buy Today: Aegischem Share Price Target
LKP Securities Derivative Analyst Kunals Sha has given a ‘BUY’ rating for the stock setting the Aegischem share price target range at Rs 460 to 500 per share. The analyst also recommended the stop loss at Rs 405 per share.
‘The stock recently experienced a robust breakout on the daily chart, and this week it continues to demonstrate strength, particularly on lower time frames. Bolstering this bullish sentiment, the stock has surpassed its 20-day moving average (20DMA) with notable volumes, signalling strong buying activity. With lower-end support established at 410-405, any declines toward this level present buying opportunities. The upside targets for the stock are set at 460/500, reflecting the optimistic outlook fueled by recent bullish developments,’ Shah stated.
Stocks To Buy Today: IDBI Bank Share Price Target
LKP Securities Derivative Analyst Kunals Sha has given a ‘BUY’ rating for the stock setting the IDBI share price target range at Rs 93 to 100 per share. The analyst also recommended the stop loss at Rs 82 per share.
‘The stock recently broke out from a descending trendline, accompanied by a significant surge in trading volumes, indicating heightened investor interest. Furthermore, the momentum indicator, RSI, displayed a robust reversal from oversold levels, corroborating the bullish momentum. Additionally, the stock surpassed its 20-day moving average (20DMA) with substantial volume support, further affirming its bullish stance. These collective signals suggest a strong underlying strength in the stock, potentially paving the way for further upward movement in the near term.’ Shah said.
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Stocks To Buy Today: Varun Beverages Share Price Target
HDFC securities have maintained a ‘BUY’ rating for stock setting a share price target at Rs 1503 per share. The brokerage also recommended the stop loss at Rs 1503 per share. The current Varun Beverages share price is Rs 1480 per share.
‘After a period of slight declines or sideways movement, the stock price has now shifted upward, marking a potential breakout. This upward movement suggests a positive turn in the short-term trend. Positive candlestick patterns are forming on various timeframes, accompanied by increasing volume. Additionally, indicators like RSI are showing positive signs. Considering the overall bullish chart pattern, there may be long trading opportunities ahead. One could consider buying derivatives based on the indicated levels.’ HDFC report noted.
Stocks To Buy Today: IRFC Share Price Target
ICIC Securities has maintained a ‘BUY ‘ rating for the PSU stock, setting IRFC share price at Rs 158 per share. The brokerage also recommended the stop loss at Rs 139 per share. The current IRFC share price is Rs 145 per share.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience consult their financial advisors before making any money-related decisions.)
