Top Gainers & Losers: Asian Paints and Infosys lead rally, JSW Steel dips over 1% - check target price

Gainers and Losers: Frontline indices rose for the second straight session, with equity benchmark Sensex climbing 142 points on Thursday, following buying in IT and finance stocks amid a higher opening in European markets.

After a see-saw session, the 30-share BSE Sensex ended 142.43 points or 0.23 per cent higher at 60,806.22. The broader NSE Nifty advanced 21.75 points or 0.12 per cent to finish at 17,893.45.

Bajaj Finserv was the top gainer on NSE, followed by Hindalco, HDFC Life Insurance, Asian Paints and IndusInd Bank.

On the flipside, Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla and JSW Steel were among the laggards.

According to Ajit Mishra, VP - Technical Research, Religare Broking Ltd, the bulls are trying hard to surpass the hurdle at 17900 in Nifty but mixed trend among the index majors delaying the breakout.

He added besides, intermediate pause or profit taking on the global front is further adding to their worries every now and then.  

Ajit advised participants should restrict their focus on the select heavyweights and midcap counters which are attracting consistent buying on dips.

Here are some blue-chip stocks that saw maximum buzz today:

Asian Paints

Asian Paints stock rallied by Rs 54.40 or 1.97 per cent at Rs 2,820 apiece on NSE.

 Image source: NSE

Brokerage firm Prabhudas Lilladher has given an ‘Accumulate’ rating to Asian Paints’ stock with a target price of Rs 3,150 apiece.

Prabhudas Lilladher believes that the paint company might pass on benefits of lower raw Material cost to consumers to push volumes and improve market competitiveness.

Infosys

Infosys stock rose 1.67 per cent or Rs 26.50 to end at Rs 1,617 apiece on BSE.

Image source: NSE

Brokerage firm Yes Securities has maintained a ‘Buy’ call on Infosys stocks at a target price of Rs 1,780 per share.

According to the report, employee attrition has begun to moderate and it should support operating margin going ahead.

JSW Steel

Shares of JSW Steel ended in red by 1.18 per cent or Rs 8.65 at Rs 723.30 apiece.

 Image source: NSE

Centrum Capital has degraded the rating on JSW Steel stock to ‘Sell’  and revised the target price from Rs 667 to Rs 688 apiece.

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