The NSE Nifty 50 and BSE Sensex opened lower on Monday. The Nifty 50 opened 0.69% lower at 24,939.75 after ending in the green in the previous session, while the Sensex opened 0.85% down at 81,704.07.
While Nifty IT and Nifty Metal led the decline, Nifty Defence was the only sector that was in the green amid the rising tensions between Iran and Israel.
As of 11:40 a.m., Nifty 50 was trading 0.64% lower at 24,958.90, while the Sensex 30 was trading 0.67% lower at 81,860.47.
Vice President of technical research at Prabhudas Lilladher, Vaishali Parekh, has these recommendations for June 23.
Yes Bank
Yes Bank Ltd. received a 'buy' rating from Parekh. She suggests buying the stock at Rs 19.7 apiece, with a target price of Rs 21 apiece, and a stop loss at Rs 19 apiece.
Out of 11 analysts tracking the company, one recommends holding the stock, while 10 recommend selling it, according to Bloomberg data.
Jio Financial Services
Vaishali suggests buying Jio Financial Services Ltd. at Rs 292 apiece, with a stop loss at Rs 288 apiece and a target price of Rs 303 apiece.
The only analyst tracking the stock recommends holding it.
Persistent Systems
Persistent Systems Ltd. received a 'buy' call from Parekh, who suggests buying the stock at Rs 6,100 apiece. She recommends a target price of 6,500 apiece and a stop loss at Rs 5,800 apiece.
Twenty-one out of 41 analysts suggest buying the stock, nine recommend holding it and 11 have a 'sell' call.
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