New Delhi: According to business daily, ‘Mint,’ Sumeet Bagadia of Choice Broking has given three stocks to buy recommendations for Monday, October 07, 2024.These three scrips are Poonawalla Fincorp, BEML and Zomato. He also shared target price and stop loss to kept by investors for these three scrips.
Poonawalla Fincorp Share Price Target And Stop Loss
Bagadia said he sees potential upside in shares of NBFC Poonawalla Fincorp. In the previous trading session on Friday, the scrip had closed at Rs 394.95 apiece. According to the stock market expert, Poonawalla Fincorp share price can rise up to Rs 425 if it sustains above Rs 400 levels. He also suggested stop loss to kept at Rs 380. This is the first of the three stocks to buy recommendations.
BEML Share Price
Bagadia thinks PSU stock BEML’s share price can rise up to Rs 3,960 apiece if it holds above Rs 3,720 levels. On Friday, the stock of the heavy equipment manufacturer closed at Rs 3,664 per share on the BSE. Additionally, the stock market analyst said investors must keep a stop loss at Rs 3,525 levels. This is his second of the three stocks to buy recommendations for Monday. Bagadia said BEML is trading near its 200-day EMA but below 20-day and 50-day EMA. If it surpasses these two short term moving averages, then, the scrip can move upside.
Zomato Share Price Target, Stop Loss
According to the technical analyst, Zomato’s current Relative Strength Index (RSI) indicates the stock is not yet overbought. He has suggested traders can enter the scrip for a target price of Rs 275.30 apiece keeping stop loss at Rs 263. On Friday, the food delivery platform’s share price closed at Rs 275.20 apiece. In last six months, the scrip has run 43%. While, in last one year, it is up 163%. Zomato is the third stock buy recommendation of Bagadia.
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