Trading ideas: 6 stock recommendations for August 27, Friday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 24 points at the opening bell. Overseas, Asian stocks are trading mixed on Friday as investors remained cautious ahead of the Federal Reserve’s annual Jackson Hole symposium and geopolitical tension over Afghanistan.

Profits at China’s industrial firms grew at a slower rate of 16.4% on year to 703.67 billion yuan ($108.6 billion) in July, the statistics bureau said on Friday, as elevated commodity prices and supply chain constraints from extreme weather weighed on the sector. The July growth rate compared with a 20% gain in the previous month. The pace of growth has been slowing for five consecutive months. Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.

Recommendations by: Chandan Taparia, Motilal Oswal Financial Services Tata Consumer | Buy | Stop loss: Rs 840 | Target price: Rs 880

SRF | Buy | Stop loss: Rs 8,850 | Target price: Rs 9,450

Recommendations by: Nilesh Jain, Centrum Broking

IndiGo | Buy | Stop loss: Rs 1,720 | Target price: Rs 1,800

Tata Consumer | Buy | Stop loss: Rs 830 | Target price: Rs 880

Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group

BPCL | Buy | Stop loss: Rs 458 | Target price: Rs 485

Tata Consumer | Buy | Stop loss: Rs 834 | Target price: Rs 890

(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.)