One can expect a bounce back in GMR Infra, which can take it to Rs 160-165, says MB Singh, technical analyst, on Zee Business.
The market is trying to recover. Sensex is at 16,028, down 58 points from the previous close. Nifty is at 4839, up 10 points. Market breadth has turned positive, with 713 advances against 515 declines on the NSE.
Religare Securities has a buy rating on Tata Steel, with a target price of Rs 867, reports NDTV Profit. The stock is currently trading at Rs 658 on the BSE.
Suzlon has good support at Rs 220, says MB Singh, technical analyst, on Zee Business. So one can buy the stock close to this level and keep a stoploss below Rs 220, he suggests. It is currently trading at Rs 228.75, up 0.2% on the BSE
Kotak Mahindra Bank has a target price of Rs 1500 in 9-12 months, says Shishir Kedia, technical analyst with Religare Securities, on NDTV Profit. The stock has resistance at Rs 725 and support at Rs 550-600 where more can be bought for the long term, he adds. The stock is currently trading at Rs 676, up 0.24% on the BSE
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