Trading ideas: 6 stock recommendations for Thursday

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The benchmark equity indices are likely to open in the red on Thursday tracking mixed global cues. In the previous session, equity benchmark Sensex jumped 194 points to close above the 53,000-mark for the first time, propelled by metal, finance and banking stocks, as investors were in buying mode ahead of a reshuffle of the Union Cabinet. Overcoming a choppy start, the 30-share BSE Sensex climbed 193.58 points or 0.37% to close at its fresh lifetime high of 53,054.76.

Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by Rohit Singre, LKP Securities

Granules | Buy | Stop loss: RS 337 | Target price: Rs 350-355

Garware Technical Fibres | Buy | Stop loss: Rs 3350 | Target price: Rs 3450-3,500

Recommendations by Sneha Seth, Angel Broking

Indian Hotels | Buy | Stop loss: Rs 147.30 | Target price: Rs 161

Hindalco | Buy | Stop loss: Rs 380 | Target price: Rs 417

Recommendations by Manas Jaiswal, Manas Jaiswal Technical Research Group

RBL Bank | Buy | Stop loss: Rs 217 | Target price: Rs 235

Tata Steel | Buy | Stop loss: Rs 1284 | Target price: Rs 1275

(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.)