The NSE Nifty 50 and BSE Sensex started the day on a muted note and swung between gains and losses. HDFC Bank Ltd. and Reliance Industries Ltd. cushioned losses. The Nifty 50 and Sensex were trading 0.25% and 0.24% down, respectively as of 11:26 a.m.
Amit Goel is a SEBI registered research analyst, a chartered market technician and founder of Amit Ventures. He recommends buying the following stocks on Friday.
Canara Bank Ltd.
Goel has a 'buy' call on Canara Bank. He suggested buying the stock at Rs 110.5, with a target price of Rs 120, and to book losses at Rs 104.
Out of 18 analysts tracking the company, 13 recommend buying the stock, four recommend holding it and one suggests selling the stock, as per Bloomberg data.
Shree Cement Ltd.
Goel also recommended buying Shree Cement, which is trading at Rs 30,005 on Friday. He has a target price of Rs 30,900 and stop loss at Rs 29,300.
Out of 42 analysts tracking the company, 15 recommend buying the stock, 16 recommend holding and 11 suggest selling it, according to Bloomberg.
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