The NSE Nifty 50 and BSE Sensex opened on a muted note on Friday. Shortly after, the indices started to rise, tracking a gain in Reliance Industries Ltd., Larsen & Toubro Ltd.
On National Stock Exchange, 11 sectoral indices advanced, one declined, and two remained flat out of 15. The NSE Nifty PSU Bank outperformed while the NSE Nifty Finance emerged as the worst performing sector.
Senior Vice President of Research at Angel One Ltd., Aamar Deo Singh, recommends buying these stocks on Friday.
Steel Authority of India
Sail received a 'buy' call from Singh. He recommends buying the stock at Rs 130 apiece, with a target price of Rs 142, and a stop loss at Rs 123 apiece.
Currently, 28 analysts are tracking the stock out of which five have a 'buy' rating, 11 recommend holding the stock and 12 suggest selling it.
Eternal
Singh suggests buying the stock at Rs 265 apiece, with a target price of Rs 293 apiece, and a stop loss at Rs 247 apiece.
25 out of 31 analysts tracking the stock recommend buying it, two suggest holding it and four have a 'sell' call, according to Bloomberg data.
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