Trading ideas: 5 stock recommendations for Thursday

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Indian equity market may open lower on Thursday on rising concerns over Covid-19. SGX Nifty was also down over 100 points in the morning trade, indicating a gap-down start for benchmark equity indices Sensex and Nifty. Domestic equity markets were closed on Wednesday on account of a public holiday. Equity benchmark Sensex rebounded over 660 points on Tuesday, tracking strong gains in auto and financial stocks amid largely positive cues from global markets. The 30-share BSE index ended 660.68 points, or 1.38%, higher at 48,544.06 on April 13. Similarly, the broader NSE Nifty surged 194 points or 1.36 per cent to 14,504.80.

Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Mehul Kothari, Anand Rathi Shares and Stock Brokers

HDFC Bank | Buy | Stop loss: Rs 1,350 | Target price: Rs 1,480

Hero MotoCorp | Buy | Stop loss: Rs 2760 | Target price: Rs 3,000

Recommendations by: Ashish Kyal, Wave Strategy Advisors

Kotak Mahindra Bank | Buy | Stop loss: Rs 1,722 | Target price: Rs 1,900

Marico | Buy | Stop loss: RS 410 | Target price: Rs 440

Mahindra & Mahindra | Buy | Stop loss: Rs 786 | Target price: Rs 867

(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.)