Produced by: Prashun Talukdar
Benchmark indices slipped into the red on Tuesday, dragged by technology and financial stocks. Headline index Nifty shed 9 points or 0.04% to close at 22,453-level. The 30-share BSE pack fell 111 points or 0.15% to end at 73,904. India VIX, fear index, tanked 3.55% to end at 11.65-level.
For April 3 (Wednesday), market analysts from a domestic brokerage have assigned 'Buy' calls for Hindustan Copper, Max Financial and Petronet LNG shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 308.50 | SL: Rs 290 Analysts from Religare Broking have given a 'Buy' call on Hindustan Copper shares with a target price of Rs 335. The multibagger scrip has gained 210.52% in the past one year. "We expect the stock to resume its prior uptrend. Traders can consider taking positions in it," Religare said.
LTP: Rs 1,013.05 | SL: Rs 988 The brokerage has also selected Max Financial Services in its stock recommendations. Religare has given a 'Buy' call on the counter with a target price of Rs 1,070 per share. The scrip has jumped 59.70% in a year. "The stock is offering fresh buying opportunity. It has potential to gradually inch higher to challenge its previous swing high," it stated.
LTP: Rs 272.90 | SL: Rs 262 Religare has included Petronet LNG in its stock suggestions as well with a 'Buy' call for a target of Rs 292. The counter has risen 16.72% in the past one year. "The stock has recorded a breakout this week. It has potential to gradually inch higher," the brokerage mentioned.
"Going forward, a decisive breakout above the 22,550 zone would propel the next leg of the upmove, taking Nifty higher towards 22,700-22,850 levels. On the flipside, 22,300–22,050 would offer cushion to the index in the near term," Religare said.
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