Traders Diary: Buy, sell or hold strategy on Sagility, Dr Reddy, Wipro, LT, Infosys, over a dozen other stocks today
Check out the complete list of stocks on analysts Kushal Gupta.
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, December 20, 2024. Check out the complete list of stocks on analyst Kushal Gupta.
Complete list of investment and trading ideas for the day:
Cash Segment
- Sagility:
- Action: Buy
- Target: Rs 46
- Stop Loss: Rs 43
- Insight: Jefferies initiates buy coverage; target set at Rs 52.
Futures (FTR)
- Dr Reddy:
- Action: Buy
- Target: Rs 1,360
- Stop Loss: Rs 1,300
- Insight: Strong chart action observed yesterday.
Options (OPTN)
- Wipro
- Action: Buy
- Target: Rs 8
- Stop Loss: Rs 3
- Insight: Positive Accenture results likely to lift IT stocks.
Technical Picks
- Cipla:
- Action: Buy
- Target: Rs 1,550
- Stop Loss: Rs 1,490
- Insight: Stock up nearly 4.5% over the last five days.
Fundamental Picks
- CAMS:
- Action: Buy
- Target: Rs 6,100
- Duration: 1 year
- Insight: India’s largest registrar and transfer agent for mutual funds.
Investment Idea
- Larsen & Toubro (LT):
- Action: Buy
- Target: Rs 4,500
- Duration: 1 year
- Insight: Strong performer in the infrastructure space.
News-Based Picks
- Infosys:
- Action: Buy
- Target: Rs 2,000
- Stop Loss: Rs 1,930
- Insight: Accenture’s results expected to positively influence IT sector sentiment.
My Choice Picks
- Gujarat Gas:
- Action: Buy
- Target: Rs 522
- Stop Loss: Rs 498
- Insight: Stock has risen 11.5% over the past month.
- Muthoot Finance:
- Action: Buy
- Target: Rs 2,200
- Stop Loss: Rs 2,115
- Insight: Closed at day high yesterday.
- HDFC AMC:
- Action: Buy
- Target: Rs 4,520
- Stop Loss: Rs 4,350
- Insight: Witnessed strong action yesterday.
Best Pick
- Larsen & Toubro (LT):
- Action: Buy
- Target: Rs 4,500
- Duration: 1 year
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