Money-Making Ideas: Tata Motors, Maruti Suzuki, Exide Industries, L&T And Reliance Industries Are Among Top Stocks To Buy Today |Check Share Price Targets (image source: Canva)
Money-Making Ideas: Tata Motors, Maruti Suzuki, Exide Industries, Reliance Industries and L&T are among the top stocks to buy on Tuesday’s market session recommended by multiple brokerages by setting a share price and stop loss. For the stock market investor stock recommendations from the top brokerages with share price target projections and stop loss can be good money-making ideas.
Top Stocks To Buy Today
Reliance Industries (RIL) Share Price Target Price
Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities has given a ‘BUY’ rating for Ambani’s owned Reliance Group stock. The brokerage has set Reliance Industries (RIL) share price target at Rs 3,100 per share and recommended the stop loss at Rs 2,930 per share.
“The stock has given a breakout form a consolidation phase with strong volumes. The momentum infdicator rsi has given a positive crossover which confirms the buy signal. The support of 2900 will act cushion for the bull and the upside potential target is 3100,” said Shah.
L&T Share Price Target
LKP Securities has given a ‘BUY’ rating for the construction giant stock setting an L&T share price target at Rs 4,100 per share. The brokerage also recommended a stop loss at Rs 3,690 per share.
‘The stock, after a breakout on the daily chart, is currently testing its previous resistance level, indicating potential bullish momentum. It’s trading above its 21-day moving average, a positive sign. The Relative Strength Index (RSI) also shows a bullish crossover, further supporting upward movement. Consider initiating a long position in the range of 3780-3810, setting a stop loss at 3690, and targeting 4000 for potential gains’, said Shah Senior Technical & Derivative Analyst at LKP Securities.
Tata Motors Share Price Target
US investment bank and international market observer Morgan Stanley has maintained an ‘overweight’ on Tata Group stock setting a Tata Motors share price target at Rs 1,013 per share. The brokerage has cited reasons like JLR Q4 sales and EV transition.
Another US Stock Broker Macquarie has maintained an ‘outperformer’ rating on Tata Group stock setting Tata Motors share price target at Rs 1,028 per share. The brokerage cited positive EBITA and other financial reasons.
Maruti Suzuki Share Price Target
Morgan Stanley has maintained an ‘overweight’ on the automobile stock setting a share price target range at Rs 14,322 to Rs 11,228 per share. Similar to Tata the brokerage cited EV transition and Hybrid adoption in India.
Exide Industries Share Price Target
US Investment Bank and market observer JP Morgan has maintained an ‘overweight’ on the stock battery manufacturer setting Exide Industries’ share price target at Rs 480 per share. The brokerage firm has increased the target by 45 per cent after recent positive developments in the industry.
IDBI Bank Share Price Target
LKP securities has given a ‘BUY’ rating for the banking stock by setting IDBI Bank share price target range at Rs 96 to 100 per share, the brokerage also recommended a stop loss at Rs 85 per share.
‘The recent session saw a breakout of a falling trendline for the stock, indicating a potential upward movement. Additionally, it is trading above its short-term moving average, further supporting bullish sentiment. The Relative Strength Index (RSI) is in a bullish crossover, positioned at 61, suggesting increasing buying momentum. Considering these factors, buying the stock at the current market price with a stoploss at 87 appears favorable, targeting 94 and 96 as potential objectives,’said Kunal Shah.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
