ONGC, Gujarat Gas, and Bata India are stocks to buy and sell. Set a target price and stop loss

Mumbai: On April 16, 2024, India Infoline (IIFL) made recommendations regarding the acquisition of shares in ONGC and Gujarat Gas. The brokerage firm advised divesting from Bata India stock. IIFL delineated the target price and Stop Loss for these stocks.

Acquisition Candidate: ONGC-IIFL India Infoline proposed that connoisseurs of the stock market should consider acquiring ONGC shares at Rs 280. It articulated two target prices: Rs 292 and Rs 303. The firm stipulated the Stop Loss at Rs 268. At 9:28 am on April 16, 2024, ONGC shares were trading at Rs 282.90 apiece.

Recommendation to Acquire Gujarat Gas The brokerage firm advocated for market investors to invest in Gujarat Gas at Rs 573, with target prices set at Rs 592 and Rs 605. The firm suggested maintaining the Stop Loss at Rs 555. At 9:27 am on April 15, 2024, Gujarat Gas shares were trading at Rs 577.45 each.

Divestment of Bata India shares: IIFL IIFL advised divesting from Bata India shares at Rs 1,340 with a Stop Loss set at Rs 1,380. It set the initial target price for selling the stock at Rs 1,300 and the secondary target price at Rs 1,258. Bata India shares were trading at Rs 1,336 each at 9:28 am on April 15, 2024.

Stocks Name Acquisition/Divestment Price Target Price 1 Target Price 2 Stop Loss ONGC Rs 280 Rs 292 Rs 303 Rs 268 Gujarat Gas Rs 573 Rs 592 Rs 605 Rs 555 Bata India Rs 1,340 Rs 1,300 Rs 1,258 Rs 1,380