Indian equity markets witnessed a rally following Britain Prime Minister Boris Jhonson said Britain and the European Union have agreed to a new Brexit deal, calling on the lawmakers in London to approve it at the weekend.
Subsequently, Brexit impact on the stocks such as Tata Motors and Motherson Sumi, Bharat Forge, and Tata Steel.
The equity index Nifty climbed 122.40 points or 1.07%, settled at 11586.40. While Sensex surged 1.17% or 453.07 points, closed at 39052.06. Nifty Bank up 1.58% or 450.70 points, closed at 28989.50. Nifty Midcap 100 jumps 1.80% or 281.50 points, settled at 15886.90.
Market experts suggested the following stock recommendations in an interview with CNBC-TV 18. Experts feel positive about the following stocks which could yield good returns.
Godrej Consumer:
Godrej Consumer is a buy call with a target in the range from Rs 721 to Rs 724. While the stop loss should be below Rs 708.50
Mahindra & Mahindra:
Mahindra & Mahindra is a buy call with a target price in the range from Rs 607 to Rs 619. While the stop loss should be placed below Rs 584.80.
United Spirits:
United Spirits is a buy call with a target price in the range from Rs 655 to Rs 664. While the stop loss should be placed below Rs 624
Tata Motors:
Tata Motors is a buy call with a target of Rs 150 and a stop loss of Rs 134
Tata Elxsi:
Tata Elxsi is a buy call with a target of Rs 745 and a stop loss of Rs 710
Motherson Sumi Systems:
Motherson Sumi Systems is a buy call with a target of Rs 120 and a stop loss of Rs 105
Axis Bank:
Axis Bank is a buy call with a target of Rs 735 and a stop loss of Rs 700
IndusInd Bank:
IndusInd Bank is a buy call with a target of Rs 1370 and a stop loss of Rs 1325
Bata India:
Bata India is a buy call with a target of Rs 1800 and a stop loss of Rs 1712
Escorts:
Escorts is a buy call with a target of Rs 675 and a stop loss of Rs 633
Manappuram Finance:
Manappuram Finance is a buy call with a target of Rs 150 and a stop loss of Rs 142
Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.