Top 4 Stocks: The market sentiments worsened due to the fall in Adani Group. Nifty fell by about 200 points to reach nearly 23300.
Bank Nifty slipped the most by 500 points. The index of public sector banks fell by more than four percent.
In such a situation, a managing director at Vectus Industries suggested a cheap option on Bharat Petroleum Corporation Ltd (BPCL) for short-term earnings in the market. An expert of a brokerage firm described Ashok Leyland Ltd as F&O Super Star Stock.
Apart from this, the managing director at Vectus Industries bet on SBI Cards & Payment Services Ltd for the miracle of the chart. While Executive Director at JM Financial suggested midcap stock on Syrma SGS Technology Ltd.
Let’s know how much target price the experts gave on which stocks-
BPCL
The expert has suggested a cheap option in Bharat Petroleum Corporation Ltd (BPCL) stock. He said that buying a put with a strike of 280 with a November expiry can give good returns.
Buy it at the level of Rs 6.25. Targets of 8-10 rupees can be seen in this. Also, a stop loss should be placed at Rs 3.
Ashok Leyland
A brokerage firm’s expert advised to sell Ashok Leyland Ltd. She said that sell Ashok Leyland at the level of Rs 217. In this, targets of Rs 210 can be seen in the future. Put a stoploss at Rs 222 in this.
SBI Card
A Trader & Market Expert advised to sell SBI Cards & Payment Services Ltd. He said that sells SBI Cards & Payment Services Ltd at the level of Rs 664.
In this context, goals of 650 to 640 rupees could be considered in the medium to long term. Put a stoploss at Rs 618 in this.
Syrma SGS Technology
The Executive Director at JM Financial Services has chosen the stock of Syrma SGS Technology Ltd from the midcap segment.
He said that Syrma SGS Technology Ltd stock should be bought at the level of Rs 533 from a long-term perspective. If it stays in this, an upside target of 20 to 30 percent can be seen in the medium to long term.
Quick Fact
Table for Bharat Petroleum Corporation (BPCL)
| Company name | Bharat Petroleum Corporation |
|---|---|
| Stock Action | Buy put option |
| Strike Price | ₹280 |
| Expiry Time | November |
| Buy Price | ₹6.25 |
| Possible Target Price | ₹8-₹10 |
| Stoploss | ₹3 |
| Suggested by | NAV Investment |
Table for Ashok Leyland
| Company name | Ashok Leyland |
|---|---|
| Stock Action | Sell |
| Current Price | ₹217 |
| Possible Target Price | ₹210 |
| Stoploss | ₹222 |
| Suggested by | Brokerage Expert |
Table for SBI Cards & Payment Services
| Company name | SBI Cards & Payment Services |
|---|---|
| Stock Action | Sell |
| Current Price | ₹664 |
| Possible Target Price | ₹650-₹640 |
| Stoploss | ₹618 |
| Time | Medium to long |
| Suggested by | Trader & Market Expert |
Table for Syrma SGS Technology
| Company name | Syrma SGS Technology |
|---|---|
| Stock Action | Buy |
| Current Price | ₹533 |
| Possible Target Price | 20%-30% upside |
| Time | Medium to long |
| Suggested by | JM Financial Executive Director |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
