BUSINESS

Buy stocks in Tata Steel, Adani Power, ZEEL, and Britannia right now

Purchasing shares in Tata Steel, Adani Power, Zee Entertainment Enterprises Limited (ZEEL), Britannia, and Sigachi Industries was advised by India Infoline Limited (IIFL) on Wednesday. For each of the equities listed, the brokerage business disclosed the target price and stop loss.

Target share price for Tata Steel
Purchase Tata Steel shares at Rs 175 each, as advised by IIFL. The target prices provided by the brokerage business were Rs 182 and Rs 186. It recommended that the shareholders keep their stop loss at Rs 169. On May 21, 2024, the share price of Tata Steel finished at Rs 174. Tata Steel increased by more than 65% in the previous year.

With a target price of Rs 703 and Rs 780, IIFl encouraged stock market investors to purchase Adani Power shares at Rs 680 each, expressing trust in the company. It was suggested by the company that the Stop Loss be kept at Rs 653. On May 21, 2024, the share price of Adani Power closed at Rs 683. In the last year, shares of Adani Power have increased by more than 175%.

Purchase Sigachi Industries stock (IIFL).

The company gave Sigachi Industries a “Buy Rating,” recommending that investors buy the stock at Rs 72 with a target price of Rs 76 and Rs 80. It is advisable to keep the stop loss at Rs 70. On May 21, 2024, the share price of Sigachi Industries closed at Rs 71.75. Over the last year, Sigachi stock has returned around 200 percent, making it a multibagger.

Purchase a ZEEL share rating.

IIFL recommended purchasing equity shares of ZEEL at a price of Rs 148, with a first target price of Rs 155 and a second target price of Rs 163. One may set the stop loss at Rs 140. On May 21, 2024, the share price of ZEEL closed at Rs 147.50. The ZEEL stock has dropped 20% within the last 12 months.

Target price for Britannia shares
With a target price of Rs 5,282 and Rs 5,385, IIFL issued a “Buy Call” on Britannia, stating that the stock may be bought at Rs 5,178. It is advisable to keep the stop loss around Rs 5,075. On May 21, 2024, the share price of Britannia closed at Rs 5,191. The stock has increased by almost 15% throughout the last 12 months.

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