Stock Of The Day: There are signs of bullishness in the stock market. In such a market, stocks with results can show strong action. Market guru Anil Singhvi said that traders should buy 3 shares today, which include shares of Tata Motors, JK Lakshmi Cement and Ratnamani Metals. He also gave intraday target and stoploss for the stock.
Buy advice given in Tata Motors
Market Guru Anil Singhvi said that he has given buying advice in Tata Motors Foot. Buy the share with stoploss of Rs 632. Upside target of Rs 648, 655 and 662 has been given for the share. He said that the results in the September quarter are strong on every parameter. The company has given strong guidance for the second half.
Buy these stocks in cash market
Anil Singhvi has advised to buy shares of JK Lakshmi Cement in the cash market. To buy it, set a stoploss of Rs 670. The stock can touch the target of Rs 682, 690, 698 in the upside. Market Guru said that the company has presented the best results in the cement sector. Operational performance was also quite strong.
Metal stock will brighten the portfolio
Market Guru has picked Ratnamani Metals shares from the metal sector for buying. Buy the share with stoploss of Rs 2760. The upside target for the stock is Rs 2865, 2880 and Rs 2900. He said that strong results have been presented in the second quarter. Operational performance and margins were much better than expected.
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