Analysts recommend short calls on Birlasoft, Dixon Tech, Balrampur Chini, Atul, Torrent Pharma, TVS Motor

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, along with Sneha Seth, Derivatives Research Analyst, Angel One share their top stock picks for the day.

From Mitessh Thakkar

Mitessh Thakkar’s first sell call of the day is on Birlasoft. He recommends this with a stop loss of ₹721 for a target of ₹680. Shares have declined more than 3% in the last month.

He recommends a sell call on Dixon Technologies with a stop loss of ₹7,700 for a target ₹7,470. The stock is up more than 8% over the last month.

Thakkar also has one sell call on Balrampur Chini Mills with a stop loss of ₹374 for a target of ₹350. Shares have gained more than 1% over the last month.

Deepak Nitrite is the solitary buy call from Mitessh Thakkar. His recommendation comes with a target of ₹2,370 and a stop loss of ₹2,274. The stock has gained more than 8% in the last month.

From Sudarshan Sukhani

Sukhani finds a selling opportunity in Atul Ltd. He advises traders to keep a stop loss of ₹6,281. Shares have declined more than 3% over the last month.

He also recommends a sell call on Birlasoft. For this, he advises a stop loss of ₹769.

Larsen and Toubro (L&T) is another sell call from Sudarshan Sukhani. The Stop loss is to be placed at ₹3,793. The stock has remained flat in the last month.

Lastly, Sukhani recommends a sell call on Torrent Pharma. He advises a stop loss of ₹2,675. Shares are down more than 1% over the last month.

From Sneha Seth

Sneha Seth has a sell call on TVS Motor Company with a stop loss of ₹2,047 and a price target of ₹1,920 on the upside. The stock was down more than 2% in the past month.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow