Analysts have advised investors to buy Bharti Airtel Ltd., JK Cement Ltd. and Oil India Ltd. among other stocks on Wednesday.
Ruchit Jain, vice president, equity technical research, wealth management, Motilal Oswal Financial Services Ltd., Ajit Mishra, SVP-Research, Religare Broking and Aditya Arora, founder and multi asset research analyst, Adlytick.in shared their insights with NDTV Profit.
Bharti Airtel
Mishra recommends purchasing the stock at Rs 1,697, with a target of Rs 1,780 and a stop loss of Rs 1,650. Over the past year, the stock has risen 51.67%. Its relative strength index was at 63.
JK Cement
Jain recommends purchasing JK Cement stock at Rs 4,823, with a target of Rs 5,065 and a stop loss of Rs 4,715. Over the past year, the stock has fallen 13.89%. Its relative strength index was at 55.
Oil India
Mishra recommends purchasing Oil India at Rs 412.20, with a target of Rs 437-400 and a stop loss of Rs 390. Over the past year, the stock has risen 31.86%. Its relative strength index was at 43.
Stocks To Sell
NTPC
Mishra recommends selling the stock. The current market price of the stock is at Rs 305.6, with a target of Rs 292 and a stop loss of Rs 312. Over the past year, the stock has fallen 3.34%. Its relative strength index was at 37.
Oberoi Realty
Jain recommends selling Oberoi Realty shares. The current market price of the stock is at Rs 1,704, with a target of Rs 1,615 and a stop loss of Rs 1,750. Over the past year, the stock has risen 28.05%. Its relative strength index was at 34.
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