The stock market has closed with gains over the past 12 sessions of trading. This is a record of the last 31 years.
Profit booking cannot be ruled out in this rise. In such a situation, traders need to take positions carefully.
An expert has chosen the power sector company CG Power & Industrial Solutions Ltd for short-term investors.
Apart from this, Polyplex Corporation Ltd and GAIL (India) Ltd have also been selected. Know the complete details of the target and stop loss for these.
CG Power Share Price Target
CG Power & Industrial Solutions Ltd’s stock closed at Rs 695 this week. A goal of 7550 rupees has been set with a stop loss of 685 rupees.
The 52-week high for this stock is Rs 784. It is a Murugappa Group company.
This company manufactures industrial products and power equipment and products. The June quarter result was excellent and the company’s order book is Rs 7000 crore.
Polyplex Corporation Share Price Target
The second pick of the experts is the packaging company Polyplex Corporation Ltd. This stock closed at Rs 1244 with a gain of 2.25 percent.
The 52-week high is Rs 1,376. A target of Rs 1290 has been given with a stop loss of Rs 1205. The company has seven manufacturing facilities spread across 5 countries.
The overall sector is booming. The June quarter result was excellent.
Gail Future Share Target
Buying is recommended in GAIL (India) Ltd Future from the future and option segment. Keep a short-term target of Rs 250 and a stop loss of Rs 234.
It closed at 238.28 on Friday. It is a giant company in the oil and gas sector whose fundamentals are very strong. At present, this space remains in action.
Quick Fact
CG Power & Industrial Solutions
| Company name | CG Power |
|---|---|
| Current Price | ₹695.90 |
| Possible Target Price | ₹7550 |
| Stop Loss | ₹685 |
| June Quarter Result | Excellent |
| Order Book | ₹7000 crore |
| Sector | Power Equipment |
| Group | Murugappa Group |
Polyplex Corporation
| Company name | Polyplex |
|---|---|
| Current Price | ₹1,244 |
| Possible Target Price | ₹1290 |
| Stop Loss | ₹1205 |
| June Quarter Result | Excellent |
| Manufacturing Units | 7 |
| Countries with Facilities | 5 |
| Sector | Packaging |
GAIL (India)
| Company name | GAIL |
|---|---|
| Current Price | ₹236.60 |
| Possible Target Price | ₹250 |
| Stop Loss | ₹234 |
| Sector | Oil and Gas |
| Fundamentals | Very Strong |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
