MOFSL picks this Tata Group's stock for 2-3 days, check target and stop loss

The stock market began the week on a downbeat tone, with key indices opening down on Monday, June 24. The BSE Sensex declined 346.25 points, opening at 76,863.65, or a 0.45 per cent decrease. Meanwhile, the NSE Nifty 50 fell 99.75 points to 23,401.35, or a 0.42 per cent decline.

At 1.23 PM IST, Nifty 50 was 0.17 per cent up at 23,540.75 and Sensex was 0.20 per cent higher at 77,365.02.

Meanwhile, brokerage Motilal Oswal Financial Services (MOFSL) has chosen Tata Group's share as its technical pick.

Stock to buy

MOFSL has recommended its investors buy Indian Hotels for 2-3 days.

Indian Hotels share price target

The brokerage has given a target of Rs 660. On Friday, June 21, shares of Indian Hotels closed at Rs 637 each. In this way, the stock can give up to five per cent returns from its last closing price.

Today at 1.22 PM IST, Indian Hotels shares were trading at Rs 652.25 each, up 2.42 per cent on BSE.

The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.