Diwali 2023: BHEL (Bharat Heavy Electricals Ltd), GAIL Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Hero MotoCorp Limited, United Spirits Ltd (MCDOWELL-N), State Bank of India (SBIN), Tata Consumer Products Ltd, and UltraTech Cement Ltd continue to be PhillipCapital’s top technical DIWALI PICKS- (YEAR-2023).
About BHEL, PhillipCapital has set first and second target prices of ₹165 and ₹185, respectively. These represent a 28% and 44% increase from the company’s market price of ₹128.60 as of November 5th. According to PhillipCapital, BHEL’s support is located between ₹105 and ₹90.
GAIL Ltd.
PhillipCapital has set first and second target prices of ₹150 and ₹165 for the stock, respectively. This represents a 21% and 33% increase from GAIL’s closing market price of ₹123.75 on November 5. According to PhillipCapital, the GAIL support is located between ₹113 and ₹97.
Hindustan Aeronautics Ltd (HAL)
A 22% and 34% increase from HAL’s market price of ₹1902 on November 5th is indicated by PhillipCapital’s first target price of ₹2320 and second target price of ₹2550 for the HAL stock. According to PhillipCapital, the support levels for HAL stock are ₹1630 and ₹1540.
Tata Consumer Products
₹970 and ₹1070 are PhillipCapital’s target prices for Tata Consumers, representing a 6% and 17% increase over the market price of ₹913 on November 5th, respectively. According to PhillipCapital, the support levels for Tata Consumer stock are ₹790 and ₹670.
SBI
PhillipCapital has set first and second target prices of ₹680 and ₹730 for the SBI stock, respectively. This represents an 18% and 26% increase from the SBI market price of ₹578 on November 5. According to PhillipCapital, the support levels for SBI stock are ₹540 and ₹500.
McDowell-N (United Spirits Ltd.)
According to PhillipCapital, the stock of United Spirits has a first target price of ₹1200 and a second target price of ₹1320. This indicates a 12% and 23% upside for United Spirits’ market price of ₹1071 on November 5. The support levels for United Spirits stock, as reported by PhillipCapital, are ₹960 and ₹840.
Godrej Consumer Products
A 12% and 27% increase from Godrej Consumer’s market price of ₹1020 on November 5th is indicated by PhillipCapital’s first target price of ₹1140 and second target price of ₹1300 for the Godrej Consumer stock. Godrej customers’ support, according to PhillipCapital, is valued at ₹880.
UltraTech
The target price set by PhillipCapital is ₹10200 for UltraTEch, which represents a 20% increase over the company’s market price of ₹8523 on November 5. According to PhillipCapital, the support for UltraTech tock is between ₹7800 and ₹7200.
Godrej Properties Ltd.
According to PhillipCapital, the company’s stock has a first target price of ₹2300 and a second target price of ₹2600. This represents an increase of 29% and 46% from the company’s market price of ₹1784 on November 5. According to PhillipCapital, the support for Godrej customers is between ₹1500 and ₹1200.
Hero MotoCorp Ltd.
PhillipCapital has set first and second target prices for the Hero MotoCorp stock, respectively, at ₹3450 and ₹3750. This represents a 12% and 21% increase from the Hero MotoCorp market price of ₹3090 on November 5. According to PhillipCapital, the Hero MotoCorp stock has a support level between ₹2800 and ₹2550.
