STOCK IN FOCUS for 8/3/23 - BUSINESS GUJARAT

JK Tyres (CMP 154)

In view of the strong products basket, regular price hikes, likely revival in replacement demand, healthy export potential and margin expansion in India as well as Mexico operations, we reiterate BUY rating on JKT with a 1-Year Target Price of Rs190, valuing the stock at 8.5x FY25E EPS.

Intraday Picks

LT (PREVIOUS CLOSE: RS2141) SELL

For today’s trade, short position can be initiated in the range of Rs2160- 2180 for the target of Rs2103 with a strict stop loss of Rs2199.

HDFCLIFE (PREVIOUS CLOSE: RS490) BUY

For today’s trade, long position can be initiated in the range of Rs484- 487 for the target of Rs502 with a strict stop loss of Rs480.

ULTRACEMCO (PREVIOUS CLOSE: RS7201) SELL

For today’s trade, short position can be initiated in the range of Rs7220- 7240 for the target of Rs7030 with a strict stop loss of Rs7310.

views of Mr. Mitul Shah – Head of Research at Reliance Securities.

(Recommendations by Kunvarji)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)