Sensex, Nifty50 top gainers and losers: Buy Hindalco for short term gains; Sell Divis Lab
Metal stocks took the spotlight today and Hindalco Industries was one of the biggest beneficiaries in the large cap pack. The counter gained nearly 5 per cent to finish at Rs 430. The stock still has 7 per cent upside in the near term, said technical analyst Simi Bhaumik
Domestic markets broke their two-day losing streak and ended Friday on a high note. BSE Sensex closed at 60,950.36, up 113.95 points or 0.19 per cent while Nifty50 managed a closing above the 18000 mark. The index ended at 18,117.15, higher by 64.45 points or 0.36 per cent.
In the 30-share Sensex, 18 stocks closed in the green against 12 losers. In the 30-stock Nifty50, there were 28 advances and 22 declines.
Hindalco: Buy | LTP: Rs 430 | Target: Rs 450 | Stop Loss: Rs 420 | Upside 7%
Metal stocks took the spotlight today and Hindalco Industries was one of the biggest beneficiaries in the large cap pack. The counter gained nearly 5 per cent to finish at Rs 430. The stock still has 7 per cent upside in the near term, said technical analyst Simi Bhaumik. Buying is recommended in this stock for targets of Rs 440 and Rs 450.
Divi’s Lab: Sell | LTP: Rs 3743 | Target: Rs 3650| Stop Loss: Rs 3780 | Downside 3%
Bhaumik recommends a Sell in this stock citing a weak chart structure. The stock was one of the biggest losers in Nifty50 and was down nearly 1 per cent at the market closing time.
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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