Osho Krishan, chief manager of technical and derivative research at Angel One Ltd., has recommended three stocks to buy on Thursday. These include Tata Power Co., Tata Chemicals Ltd., and Mahanagar Gas Ltd. Here are his insights and target levels for each stock.
Krishan suggests buying Tata Power at Rs 402, with a stop loss at Rs 392 and a target of Rs 418. Tata Power, established in 1919, is an integrated power company. The company operates in various segments, including electricity generation, distribution, and renewable energy. Tata Power is part of the Tata Group and has a significant presence both domestically and internationally.
Krishan recommends buying Tata Chemicals at Rs 935, with a stop loss at Rs 900 and a target of Rs 990. Tata Chemicals Ltd., founded in 1939, is a global company with interests in chemicals, crop protection, and specialty chemistry products. The company operates through two main verticals, Basic Chemistry Products and Specialty Products.
Krishan advised buying Mahanagar Gas at Rs 1,440, with a stop loss at Rs 1,410 and a target of Rs 1,490. Mahanagar Gas, incorporated in 1995, is a leading natural gas distribution company in India. It supplies compressed natural gas to vehicles and piped natural gas to households and industries in the Mumbai Metropolitan Region. Mahanagar Gas is an enterprise of GAIL (India) Limited and the Government of Maharashtra.
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