Which Stocks To Buy Today? Chandan Taparia Recommends M&M, MCX, BEL
Below are the details of the recommendations, including target price and stop loss price for each stock.
Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services Ltd., has recommended three stocks for investors to consider buying on Monday—Mahindra & Mahindra Ltd., Multi Commodity Exchange Ltd., and Bharat Electronics Ltd. Below are the details of the recommendations, including target price and stop loss price for each stock.
Taparia suggests buying M&M at the current market price with a stop loss at Rs 3,120 and a target price of Rs 3,330. Mahindra & Mahindra, established in 1945, is a leading Indian multinational automotive manufacturing company headquartered in Mumbai. It is part of the Mahindra Group and is one of the largest vehicle manufacturers in India by production volume.
Taparia recommends buying MCX at current market price, with a stop loss at Rs 7,710 and a target price of Rs 8,840. The Multi Commodity Exchange of India, founded in 2003, is the largest commodity derivatives exchange in India. It facilitates online trading of commodity derivatives and offers a platform for risk management.
For BEL, Taparia advised buying at current market price, with a stop loss at Rs 393 and a target price of Rs 435. Bharat Electronics, established in 1954, is a public sector aerospace and defence electronics company headquartered in Bangalore. It primarily manufactures advanced electronic products for ground and aerospace applications and is one of the 16 PSUs under the Ministry of Defence of India.
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