Pick of the Day: Dr. Reddy's, ITC among analysts top bluechip stock recommendations
In a weak market dragged down by the disappointing commentary from the Federal Reserve Chair wherein outllook for the number of rate cuts for next year have been halved, Zee Business panelists have shared their pick of the day across sectors. The picks are both from the cash and derivatives segment.
Pick of the day: Nifty call
Pick of the day: Vikas Sethi, Managing Director of Sethi Finmart suggests buying Nifty's 24,000 call in case Nifty is around 23,900 levels.
Pick of the day: Ashok Leyland Futures
Pick of the day: Rakesh Bansal of Rakesh Bansal Ventures recommends selling Ashok Leyland Futures.
Pick of the day: Ashok Leyland Futures target
Pick of the day: Futures of the stock currently priced at Rs 222.73 are given a sell call for a target of Rs 208 with a stop loss held at Rs 230.
Pick of the day: Dr. Reddy's
Pick of the day: Rakesh Bansal is also bullish on the Nifty constitutent Dr. Reddy's
Pick of the day: Dr. Reddy's target
Pick of the day: For the scrip, Bansal has given a target of Rs 1,316 with the stop loss placed at Rs 1,250 per share. Last, the stock traded very close to its target price at around Rs 1,315.
Pick of the day: ITC
Pick of the day: Kunal Saraogi- SEBI- registered research analysts is bullish on ITC and recommends buying the FMCG counter.
Pick of the day: ITC target
The expert has suggested to buy the scrip for a target of Rs 480/485 keeping a stop loss of Rs 465.
Pick of the day: Mankind Pharma
Pick of the day: Sudeep Shah, Head - Technical & Derivative Research Desk - SBICAP Securities is bullish on the pharma counter Mankind Pharma. For the stock, the expert has given a target of Rs 2,880/ Rs 2,950, keeping the stop loss at Rs 2,720.
Pick of the day: BHEL Futures
Sudeep on the other hand has given a 'sell' call on BHEL futures priced at around Rs 240.05 of Rs 230/225 and a stop loss of Rs 245.
Pick of the day: Cipla
Sumeet Bagadia, Executive Director at Choice Broking suggests buying Cipla for a target of Rs 1,500/1,520, keeping a stop loss of Rs 1,440.