Sudarshan Sukhani of s2analytics.com suggests buying Tata Elsxi with stop loss at Rs 670 and target of Rs 710 and Balkrishna Industries with stop loss at Rs 770 and target of Rs 840.
Indian equity benchmarks ended flat on September 24, mostly on profit-booking, amid uninspiring global cues, while investors assessed the impact of tax rate cut on different stocks and sectors after a two-day blockbuster rally.
The rally in equities ebbed after the two consecutive sessions of gains which saw Sensex and Nifty surging over 8 percent and investors getting richer by over Rs 10 lakh crore. While some consolidation was expected as the market is trading near peak valuations, analysts are of the view that it will offer fresh buying opportunities.The Sensex index added just 7 points to its previous close to end at 39,097.14 on September 24, with 15 stocks up and 15 down. On the other hand, Nifty lost 12 points to settle at 11,588.20, with 22 stocks in the green and 28 in the red.
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