Oil & Gas shares: HPCL hits 52-week high, gains 3.5% on Moodys outlook revision; analyst recommends these 2 stocks for high returns
Nilesh Jain recommends a buy in HPCL at current levels with a price target of Rs 350 and a stop loss of Rs 300. It will attain new highs once this level is crossed, Jain said. The stock achieved its 52-week high of Rs 323.70 today
The stock markets were trading in the green on Thursday, with Nifty50 gaining over 200 points or 1.1 per cent at 17,844.95 around 1 pm. All 15 sectoral indices were trading with a positive bias. Tech Analyst Nilesh Jain picked two stocks from the Oil & Gas sector, which he said are poised to give good returns.
He said that Hindustan Petroleum Corporation Limited (HPCL) was trading positively on Thursday triggered by an upgrade in its outlook by Moody’s on Wednesday.
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Buy, Avoid or Hold? Analyst gives recommendations on ONGC, IOC, Gujarat GasNifty Oil & Gas index was up 0.24 per cent around this time and was trading at 8043.70. In the 15-share index, 11 stocks advanced, while 4 declined.
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