Pharma Stock to Buy: Motilal Oswal has made pharma stock Granules a technical pick. The brokerage has advised taking a position on Granules for 2-3 days.
Pharma Stock to Buy: The stock market opened with a sharp decline on Thursday (July 25). The effect of weak global signals is being seen on the domestic market. Amidst this, many stocks are looking attractive on the technical chart. Brokerage firm Motilal Oswal has made pharma stock Granules a technical pick. The brokerage has advised to take a position on Granules for 2-3 days.
In Indian stock markets, Nifty has its monthly expiry after the budget on Thursday and today the trading has started with a big decline. Nifty was trading with a loss of 180 points. Sensex also opened with a decline of about 500 points. Bank Nifty also showed similar weakness. The midcap index was also seen trading with a loss of 400 points. Metal and banking stocks were weak.
Granules: Good profit in 2-3 days
Brokerage firm Motilal Oswal has made Granules a technical pick. The brokerage has set a target price of Rs 570 for this pharma stock for the next 2-3 days. The stock closed at Rs 538 on 24 July 2024. In this way, the stock can jump 5-6 percent from the current price.
Granules: Stock jumped 28% in 3 months
Granules also had a weak start on Thursday amid the stock market decline. The stock has given a return of 25 percent in the last 1 year. So far this year, the stock has been 72 percent. At the same time, the stock has given a return of 29 percent in 6 months and 28 percent in 3 months. The stock has jumped about 10 percent in 1 month. The 52-week high of the stock on BSE is 543 and the low is 287.55. The market cap of the company is more than Rs 12,942 crore.(zeebusiness)
(Disclaimer: Here the advice to buy the stock has been given by the brokerage. These are not the views of Zee Business. Consult your advisor before investing.)
