Mumbai: IIFL Securities has projected share price of Adani Enterprises, Dr Reddy’s Laboratories Ltd, Reliance Industries, Vodafone Idea and Titan to gain in the days ahead.
While recommending the stocks, the brokerage suggested Support Price, Resistance Level and Day Moving Average (DMA) Price so that the investors have an idea of positioning the Stop Loss and target price for the counters.
Adani Enterprises share price
Support: Rs 2953
Resistance: Rs 3105
DMA 50 days: Rs 3024
DMA 200 Days: Rs 3097
IIFL Securities has predicted Adani Enterprise share price to increase. The brokerage advised the shareholders to maintain the Support price at Rs 2953, Resistance level at Rs 3105 and DMA for 50 days at Rs 3204 and DMA for 200 days at Rs 3097.
Dr Reddy share price
Support: Rs 1262
Resistance: Rs 1332
DMA 50 Days: 6401
DMA 200 Days: Rs 6112
The brokerage has projected Dr Reddy’s shares to turn out to be multibagger in the next 50-200 days. The stock is expected to rise to Rs 6401 in 50 days and Rs 6112 in the next 200 days. The stock was trading at Rs is available at Rs 1,286.95 at 10:10 am on November 7, 2024.
Vodafone Idea share price
Support: Rs 8
Resistance: Rs 8
DMA 50 Days: Rs 12
DMA 200 Days: Rs 14
Vodafone Idea – the debt ridden telecom company – is likely to witness a surge in its stock price. The Voda Idea shares are projected to gain in the next 50-200 days and may touch the Rs 12-14-mark.
Reliance Industries share price
Support: 1308
Resistance: Rs 1336
DMA 50 Days: Rs 2796
DMA 200 days: Rs 2838
Reliance Industries share price is also likely to gain and appreciate to the levels of Rs 2796-2838. The RIL share price declined in the last week of October 2024 after the record date for the bonus issue of shares in the ratio of 1:1 came into effect. The board of directors of RIL had approved the issue of bonus shares in the ratio of 1:1 i.e. every shareholder holding 1 (one) fully paid-up equity share of Rs. 10/-each on the record date will receive 1 (one) fully paid-up equity share of Rs. 10/- each.
Titan share price target
Support: Rs 3124
Resistance: Rs 3219
DMA 50 Days: Rs 3579
DMA 200 Days: Rs 3534
IIFL Securities has projected Titan share price to gain to the level of Rs 3579. The brokerage firm said the shareholders should maintain Support price at Rs 3124 and Resistance level at Rs 3219. The shares of the leading jewellery retailer and watchmaker closed nearly 2 per cent lower on November 6, 2024. The stock fell after the company reported a 23 per cent decline in consolidated net profit to Rs 704 crore during the second quarter of 2024-25.
