Traders' Diary: Buy, sell or hold strategy on Piramal Pharma, Vedanta, Thermax, Indus Tower, and other top stocks today
Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's radar.
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Traders’ Diary: Stocks to watch for Thursday, December 28, 2024
In this edition of Traders' Diary, Zee Business research analysts Ashish Chaturvedi and Kushal Gupta share their top picks for investors and traders. Check out the complete list of stocks to watch and trading ideas for the day:
Ashish Chaturvedi
Cash Segment
- Buy Piramal Pharma | Target: Rs 265 | Stop Loss: Rs 246
JM Financial initiates coverage with a ‘buy’ call and a target price of Rs 340, reflecting a 36 per cent upside from current levels.
Futures
- Buy Indus Tower | Target: Rs 365 | Stop Loss: Rs 350
ITAT rules in the company’s favour, resulting in a benefit worth Rs 3,500 crore.
Options
- Buy Cummins 3700 CE | Target: Rs 85 | Stop Loss: Rs 55
Technically strong setup signals further upside.
Technical Pick
- Buy Thermax | Target: Rs 5,200 | Stop Loss: Rs 4,832
Positive price action over the last four weeks; signals buying momentum in the capital goods space.
Fundamental Pick
- Buy Triveni Turbine | Target: Rs 945 | Duration: 1 Month
Capital goods company with a strong order book of Rs 1,796 crore.
Investment Idea
- Buy ACE | Target: Rs 1,705 | Duration: 12 Months
Market leader with a seventy per cent share in the pick-and-carry segment; also receives defence orders for forklifts.
News-Based Pick
- Buy Vedanta Ltd | Target: Rs 530 | Stop Loss: Rs 500
Company announces Rs 8.5/share as its fourth interim dividend.
My Choice Picks
- Buy Texmaco | Target: Rs 245 | Stop Loss: Rs 220
Received an order worth Rs 187 crore from Chhattisgarh State Power Transmission for 132KV transmission lines; to be completed within 15 months. - Buy RVNL | Target: Rs 485 | Stop Loss: Rs 465
Acceptance letter issued for a Rs 270 crore project by Maharashtra Metro Rail Corporation; order completion timeline is thirty months. - Buy RailTel | Target: Rs 465 | Stop Loss: Rs 437
Secured a Rs 38 crore order from Central Warehousing Corporation for CCTV installations; completion date set for May 16.
My Best Pick
- Buy Thermax | Target: Rs 5,200 | Stop Loss: Rs 4,832
Kushal Gupta
Investment Idea
- Buy NTPC | Target: Rs 430 | Duration: 1 Year
Good pick from the power sector.
News-Based Pick
- Buy GMR Airports | Target: Rs 87 | Stop Loss: Rs 82
November passenger traffic grew fourteen per cent year-on-year to 1.12 crore; aircraft movement up eight per cent to 69,540.
My Choice Picks
- Buy CAMS Futures | Target: Rs 5,330 | Stop Loss: Rs 5,160
Stock has surged more than sixteen per cent in the last one month. - Buy Dalmia Bharat Futures | Target: Rs 2,000 | Stop Loss: Rs 1,930
Stock has gained over fifteen per cent in the past month.
Best Pick
- Buy Marico | Target: Rs 760 | Duration: 1 Year
Strong contender from the FMCG space.
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Written By: ZeeBiz WebTeam
Updated: Tue, Dec 17, 2024
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09:08 AM IST
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