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Top Stock Picks: Angel One Selects Petronet LNG As Its Stock Of The Week; Other Cash Buy Ideas
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Indices in trade on Monday despite mixed global cues and Hang Seng sinking by over 1% is trading in the green, with Nifty above 16,300. Meanwhile, broader markets are still outperforming with Nifty mid cap up by over 0.75%.
Likewise, Angel One has come up with the Top Pick of the week and has given a Buy recommendation on oil drilling and exploration entity. The recommended buy price on the stock is Rs. 227-228 and the target is Rs. 245. Stop loss suggested for the trade is Rs. 217.8 per share.
Intra-day cash buy ideas for May 23, 2022
Angel one-the acclaimed brokerage has come up with Intraday Cash 'Buy' ideas and the 3 'Buy' recommendations are as below:
| Intra-day Cash Buy idea | Buy price | Target price | Stop loss |
|---|---|---|---|
| Godfrey Phillips | Rs. 1249.2- 1252.1 | Rs. 1305 | Rs. 1221 |
| Indigo | Rs. 1715-1716 | Rs. 1795 | Rs. 1670 |
| Adani Enterprises | Rs. 2198-2200 | Rs. 2248 | Rs. 2170 |
