Stocks to Purchase: Newgen, Manali Petro, Gujarat Alkalies, and Two More
Purchasing shares in Gujarat Alkalies and Chemicals, Century Textiles and Industries, General Insurance Corporation of India, Manali Petrochemicals, and Newgen Software Technologies was advised by India Infoline Limited (IIFL) on Thursday. The brokerage business discloses the stop loss and target price for each stock.
The share price of Century Textiles and Industries
Shares of Century Textiles and Industries were given a “Buy Call” by IIFL at a price of Rs 2,048 per. The brokerage business recommended that stockholders set a stop loss of Rs. 2,048 and a target price of Rs. 2,110, or Rs. 2170. On May 15, 2024, the share price of Century Textiles and Industries closed at Rs 2,050.
Goal for Gujarat Alkalies and Chemicals’ stock price
Purchase Gujarat Alkalies and Chemicals shares at Rs 808 per share, as advised by IIFL. The company advised investors in the stock market to maintain their target prices between Rs. 845 and Rs. 880. As advised, the Stop Loss should be kept at Rs 772. On May 15, 2024, the share price of Gujarat Alkalies and Chemicals closed at Rs 804.05.
The share price of General Insurance Corporation of India
With a target price of Rs 358 and Rs 375, shares of General Insurance Corporation of India are available for buy for Rs 341 each. Investors have the option to keep their stop loss at Rs 324. On May 15, 2024, the share price of General Insurance Corporation of India closed at Rs 341.50.
The value of Manali Petrochemicals’ stock
Manali Petrochemicals shares have been given a buy recommendation by IIFL, which states that the stock may be bought around Rs 75 with a target price of Rs 83 and Rs 87. It recommended a stop loss of Rs 75. On May 15, 2024, the share price of Manali Petrochemicals closed at Rs 79.
Share price target for Newgen Software Technologies: The Indian Institute of Financial Literacy (IIFL) recommended stock market investors purchase shares of Newgen Software Technologies at a price of Rs 982 per. It recommended that the shareholders establish a stop loss of Rs 948 and set the target price between Rs 1,020 and Rs 1,050. On May 15, 2024, Newgen Software Technologies’ share price closed at Rs 987.
