Anil Singhvi bullish on 1 largecap and 2 midcap stocks: Check stop losses and targets
:Indian equities in the previous session ended higher shrugging off the weak global sentiment. At the close, Nifty settled close to 25,000 levels with all the sectors ending in the green. So, as the FIIs and even the broader macros, continued to support Indian equities- Zee Business Managing Editor has recommended buying the below scrip.
Biocon
The expert has recommended buying the futures of this stock. Buy Biocon Futures:
QIP launched
Biocon launched Qualified Institutional Placement (QIP) for raising Rs 4,500 crore. As part of the offering, the company will issue up to 139 million new shares — 11.6 per cent of its outstanding equity shares.
Buy Biocon| Target: Rs 362, 366, 371
The stop loss suggested for the trade is Rs 352.
Schneider Electric
Market expert has recommended buying this midcap heavy electrical equipment company shares.
Goldman Sachs upbeat
Goldman Sachs upgraded the stock to 'buy' from the earlier 'sell' call. Target Price raised to 910 from 505
Buy Schneider Electric| Target: Rs 758, 765, 775
The stop loss for the trade is Rs 735 per share.
Tanla Platforms
The market guru has adviced buying this scrip.
Tanla Platforms buyback
The company's board on Monday approved Rs 175 crore share buyback at `Rs 875/share. The buyback price implies 33 per cent gains from the previous close.
Buy Tanla Platforms| Tareget Rs 670, 678, 690
The stop loss recommended for the trade is Rs 649
Disclaimer
The expert has recommended buying the scrips. Investors should do their own analysis basis their risk profile and then only take a dip into them.