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Stocktipsinfo recommends the stocks -- A2Z Maintenance & Engineering Services (A2ZMES). This is an intra-day recommendation with a target price of Rs 260 and a stop loss at Rs 248.
Mayank Shah, Business Head, of Edelweiss recommended the following stocks at Economic Times.
Fresenius Kabi: Shah says to buy this stock with a target price of Rs 138 with a stop loss of Rs 125. After a sharp rise of nearly 30% between 10 and 14 June, Fresenius Kabi digested the upmove over the next ten sessions and saw a decisive move northward in Wednesday's trade. The stock gained 3.4% with volumes twice the 5-day average volume.
VST Industries: He suggests to buy this stock with a target price of Rs 1060 and a stop loss at Rs 938. VST industries is in the bull run with the stock touching a new life-time high on Wednesday. The stock made a decisive move by gaining 4% on higher volumes of twice that of the 10-day average volumes. The target is Rs 1060.
Godrej Consumer: This FMCG company also a buy recommendation from him with a target price of Rs 440 and a stop loss at Rs 410. After touching its high recently, Godrej Consumer corrected nearly 10% in the next couple of sessions. This was followed by a range bound trade for four sessions, after which the stock made a decisive move in Wednesday's trade, gaining 2.4% with above average volumes.
Astral Poly: On this stock, Shah's recommondation is buy with a target price of Rs 207 and a stop loss at Rs 183. ASTRAL POLY touched its peak high of Rs 199.65 on June 17. After a brief correction and consolidation period, the upward journey is set to resume as indicated by Wednesday's move, wherein the stock gained 5% accompanied by volumes nearly twice the 10-day average volumes.
Ranbaxy: Here too the recommendation is buy with a target price of Rs 576 with a stop loss at Rs 526. Ranbaxy decisively broke out of the trendline adjoining tops of May 31 and June 15 in Wednesday's trade. The stock, after slipping below the 200-day simple moving average for couple of days, regained the level and has successfully closed above the same.
Firstpost has recommended the following stocks to track for the day: Dr Reddy, JP Associates, Tata Motors DVR, Adani Power, DLF, GAIL, MRPL, ONGC, and Reliance Communications.
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