Advertisement
Thursday, Dec 09, 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

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers will start vacating Delhi border points from Dec 11, this may take some time, says farmer leader Rakesh Tikait.

Farmers' Agitation: Is it Historic Victory For Farmers?

Farmers' Agitation: Is it Historic Victory For Farmers?

Observers consider it even bigger than the anti-displacement land movement of 2006-08 in Singur-Nandigram-Kalinganagr resulting in the scrapping of an archaic land acquisition act in 2013.

How Disdainfully Has BCCI Sacked Virat As ODI Captain

How Disdainfully Has BCCI Sacked Virat As ODI Captain

The decision to ease Virat Kohli out as ODI captain could have been more professionally handled. All BCCI did was mention a line in a release naming the Test squad to South Africa.

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ agitation suspended: The modified tractors fitted with music systems started snarling through the protest camping site at Singhu, while the farmers chanted slogans.

Advertisement