Trading ideas: 9 stock recommendations for Thursday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 40 points at the opening bell. Overseas, Asian stocks were mixed on Thursday, as investors watched movements in mainland Chinese stocks as they returned from the Lunar New Year holiday.

Lingering pandemic concerns pushed against stronger economic data, and with little firm direction from Wall Street. In US, the Nasdaq closed lower while the S&P 500 was little changed on Wednesday as investors rotated out of technology shares and concerns about inflation added some pressure on stocks.

Here are 9 money making ideas from technical analysts that may deliver good return in the near term.

Recommendations by: Chandan Taparia, Motilal Oswal Financial Services Cummins India | Buy | Stop loss: Rs 777 | Target price: Rs 820

Hero MotoCorp | Buy | Stop loss: Rs 3,500 | Target price: Rs 3750

SBI | Buy | Stop loss: Rs 405 | Target price: Rs 425

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Aurobindo Pharma | Buy above Rs 925 | Stop loss: Rs 904 | Target price: Rs 960

Canara Bank | Buy above Rs 167 | Stop loss: Rs 160 | Target price: Rs 175

Reliance Industries | Buy above Rs 2,090 | Stop loss: Rs 2,050 | Target price: Rs 2,175

Recommendations by Shrikant Chouhan, Kotak Securities

Tata Steel | Buy | Stop loss: Rs 690 | Target price: Rs 725

Bank of Baroda | Buy | Stop loss: Rs 82 | Target price: Rs 88

Ashok Leyland | Buy | Stop loss: Rs 131 | Target price: Rs 143

(Disclaimer: Stocks recommendations by experts or brokerages are their own and not those of the website or its management. Money9.com advises market participants to check with certified experts before taking any buy, sell or hold decisions.)