Stocks to Buy today: Is HUDCO undervalued or overvalued? | Is Cipla a good share to buy? | What is the future of GSFC? Pen Industries share price target | Should you buy Lt Food shares | Markets News

IIFL Securities issued buy recommendations for five stocks on December 2nd, 2024: Pennar Industries, Gujarat State Fertilizers & Chemicals (GSFC), Housing and Urban Development Corp (HUDCO), LT Foods, and Cipla.

IIFL Securities’ Buy Calls: Pennar, GSFC, HUDCO, LT Foods & Cipla Stock Targets (Pic: Depositphotos)

Mumbai: IIFL Securities on December 2, 2024 (Monday) recommended buying shares of Pennar Industries Ltd, Gujarat State Fertilizers & Chemicals Ltd, Housing And Urban Development Corp Ltd (HUDCO), Cipla and LT Foods Ltd. The brokerage projected the stocks to rise in the short term.

Pen Industries share price target

IIFl Securities recommended stock market investors to buy shares of Pen Industries at Rs 209 apiece with a target price of Rs 218 and Rs 224. The Stop Loss should be maintained at Rs 215. The stock closed with over 2 per cent gains at Rs 208.30 on November 29, 2024 (Friday).

Buy: 209
Target 1: 218
Target 2: 224
Stop Loss: 215

GSFC share price target

Buy: 224
Target 1: 233
Target 2: 240
Stop Loss: 215

The brokerage advised stock market investors to purchase GFSC stock at Rs 224 per equity share. It predicted the counter to rise to the levels of Rs 233 and Rs 240. The Stop Loss should be positioned at Rs 215. GSFC share closed with nearly 5 per cent profits at Rs 224.10 on 29th November.

HUDCO share price target

IIFL Securities gave a Buy call on HUDCO shares, saying that the stock can be bought at Rs 239 per equity share with the target price of Rs 251 and Rs 260. The counter can be safeguarded by maintaining the Stop Loss at Rs 227. HUDCO stock closed with over 5 per cent gains at Rs 239.65 o Friday.

Buy: 239
Target 1: 251
Target 2: 260
Stop Loss: 227

Lt Foods share price target

Buy: 397
Target 1: 415
Target 2: 425
Stop Loss: 379

The brokerage initiated a Buy rating on Lt Foods shares. It advised the interested investors to pump in money to buy the stock atR s397 apiece and projected it to appreciate to the levels of Rs 415 and Rs 425. The scrip should be safeguarded by positioning the Stop Loss at Rs 379. The counter settled at Rs 397 on Friday.

Cipla share price target

IIFL Securities backed the pharma stock to gain. It advised the stock market enthusiasts to pump in money to buy the stock at Rs 1534 per equity share with a target price of Rs 1580 and Rs 1610. The Stop Loss should be maintained at Rs 1489. The counter closed at Rs 1532 on November 29.

Buy: 1534
Target 1: 1580
Target 2: 1610
Stop Loss: 1489

(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)

Biplob Ghosal

Biplob Ghosal is Online News Editor (Business) at TV9’s digital arm – News9live.com. Leading the english business editorial team, he writes on various issues related to stock markets, economy and companies. Having over a decade of experience in financial and political journalism, Biplob has been previously associated with Timesnownews.com, Zeenews. He is an alumnus of Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya. Follow him at @Biplob_ghosal.

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