Sensenx and Nifty50 closed at marginally lower points on yesterday. BSE dipped by 28.21 points and settled at 75,939.18 points. It did hit a high of 76,338.58 intraday. On the other hand Nifty dropped by 12.40 points and closed at 22,932.90 points. As US president Donald Trump impose more tariffs on imports pharma and IT stocks countered losses.
Trump said he wants to levy 25% auto tariffs and similar taxes on semiconductors and pharmaceutical imports in us. This has resulted in 0.7% decline in Indian Pharma stocks. Because US is responsible for 31% of the total domestic pharma exports. So, what are the stocks you should keep you eyes on today? Let’s find out.
Stocks to Buy Today by Vaishali Parekh
According to Vaishali Parekh, vice president of technical research at prabhudas LilaDhar, Nifty 50 again recovered from 22,800 zones and have touched 23,000. If it fails to breach this zone it might close at a flat note. On the other hand, Bank Nifty says giant companies with positive and bullish candles in daily trends after seven sessions which improves the bias to some extent. What are Vaishali Parekh’s recommendations today as intraday stocks? Here’s the list
Stock Recommendation by Vaishali Parekh
1. IREDA : Vaishali Parekh recommends buying IREDA stocks at Rs 170 and sets the target price at Rs 185. Also, investors need to keep a stop loss at Rs 162.
2. Bharat Electronics Ltd or BEL: BEL is also another recommendation by Vaishali Parekh. She told investors to get this share at Rs 253 and aim for a Rs 265 target price. meanwhile do remember to keep a stop loss at Rs 248.
3. Mangalore Refinery and Petrochemicals Ltd or MRPL : the third stock on the recommendation list is MRPL. This stock can be purchased at Rs 114. The target price should be Rs 128 and the stop loss should be at Rs 109.
These are the stock recommendations with their entry price, target price and stop losses for 20th February 2025. However investors are advised to consult with their certified analysts before making any investment decision.
