Mumbai: In a recent market analysis, India Infoline Limited (IIFL) has identified several promising stocks poised to deliver favorable returns for investors. Among the recommended stocks are Asian Paints, IGL, Dabur, McDowell, and NOCIL, each accompanied by target prices and stop-loss recommendations.
Asian Paints (NSE: ASIANPAINT)
IIFL suggests buying Asian Paints shares at Rs 2,911 each, with a target price range of Rs 3,008 to Rs 3,100. The brokerage firm advises setting a stop loss at Rs 2,815. As of May 28, 2024, Asian Paints shares closed at Rs 2,920 on the NSE.
NOCIL (NSE: NOCIL)
For NOCIL, IIFL recommends purchasing shares at Rs 264 apiece, targeting prices of Rs 275 and Rs 285. The suggested stop loss is set at Rs 253. NOCIL’s share price concluded at Rs 262.90 on the NSE on May 28, 2024.
McDowell (NSE: MCDOWELL-N)
United Spirits, commonly known as McDowell, is suggested for purchase at Rs 1,190 per equity share. IIFL advises setting target prices between Rs 1,230 and Rs 1,275, with a stop loss at Rs 1,148. The closing price of United Spirits shares on May 28, 2024, stood at Rs 1,184 on the NSE.
IGL (NSE: IGL)
IIFL recommends acquiring IGL stock at Rs 473, targeting prices ranging from Rs 495 to Rs 515. The brokerage firm suggests maintaining a stop loss at Rs 452. IGL’s share price ended at Rs 471.50 on the NSE on May 28, 2024.
Dabur (NSE: DABUR)
Dabur shares are proposed for purchase at Rs 571 each, with target prices set at Rs 594 and Rs 615. IIFL advises a stop loss at Rs 548. Dabur’s share price closed at Rs 567 on the NSE on May 28, 2024.
These recommendations from IIFL provide valuable insights for investors seeking potential opportunities in the stock market. However, it’s essential for investors to conduct thorough research and consider their individual risk profiles before making investment decisions.
