The NSE Nifty 50 and BSE Sensex extended losses at open on Wednesday as HDFC Bank Ltd. and Kotak Mahindra Bank Ltd. shares weighed. The indices were trading 0.15% and 0.18% down, respectively as of 12:11 p.m.
Share price of BSE Ltd. fell over 6% on Wednesday following the announcement of a shift in the expiry day for stock derivatives to Thursday. This decision is anticipated to negatively impact the exchange's trading volumes and profitability.
Amid the ebbs and flows of the market, Brijesh Ail, head of technical and derivatives, retail research IDBI Capital, recommends buying these stocks on June 18.
NRB Bearings
Ail recommends buying NRB Bearings Ltd. at Rs 268 apiece, with a price target of Rs 285 apiece and a stop loss at Rs 253 apiece.
Out of the two analysts tracking the company, one suggests buying its shares and the other recommends selling them.
Aditya Birla Capital
Aditya Birla Capital Ltd. received a 'buy' rating from Ail. He advises to buy the stock at Rs 255 apiece with a price target of Rs 273 apiece and a stop loss at Rs 245 apiece.
All 10 analysts tracking the company have a 'buy' rating on the stock.
Supreme Petrochem
Ail suggests buying Supreme Petrochem at Rs 799 apiece and booking your losses at Rs 785 apiece with a target price of Rs 845 apiece.
Both analysts tracking the company on Bloomberg recommend buying its shares.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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