Tata Steel among five stocks recommended for Tuesday trading
Improved domestic macro indicators and better Q2 earnings have supported a firm start for Indian equities this week, according to The Economic Times.
Indian equities began the week on a firm footing, supported by domestic macro indicators such as increased gross GST collections and October passenger-vehicle sales growth, according to The Economic Times.
The market sentiment was further bolstered by better than estimated Q2 earnings and improving domestic cues.
Sachin Gupta, VP – Research at Choice Equity Broking, recommended buying Tata Steel at Rs 177.4 with a target of Rs 193 and a stop loss of Rs 170.
Gupta also suggested buying FACT at Rs 704 with a target of Rs 780 and a stop loss of Rs 665, and Ujjivan SFB at Rs 56.15 with a target of Rs 62 and a stop loss of Rs 53.15.
Virat Jagad, Sr Technical Research Analyst at Bonanza Portfolio, recommended Tata Communications at Rs 1745-1750 with a target of Rs 1884 and a stop loss of Rs 1675.
Jagad also suggested buying AB Capital at Rs 378-379 with a target of Rs 408 and a stop loss of Rs 362.