New Delhi: Stock market expert Ashish Bahety has recommended Patanjali Foods and Indiabulls Real Estate stocks to be bought on April 1, 2024. Bahety, Director of NAV Investment Research and Quant-xpress Technologies, shared the share price target and Stop Loss for both the stocks.
Patanjali Foods Share Price Target
Patanjali Foods share ended at Rs 1334 on March 28, 2024. The stock has given over 7 per cent returns in the last 6 months and has rallied over 35 per cent in the last one year. Announcing its Q3 Results of 2023-24, Patanjali Foods registered a drop of 19.55 per cent in net profit to Rs 216.54 crore after reporting a net profit of Rs 269.18 crore in the year-ago period.
Ashish Bahety, Director at NAV Investment Research, has recommended buying Patanjali Foods on April 1 (Monday). The market expert suggested investors buy Patanjali Foods shares with a target price of Rs 1500 and Stop Loss of Rs 1300.
“The Food and Fast-Moving Consumer Goods (FMCG) segment achieved the highest quarterly revenue of Rs 2,498.62 crore in the third quarter, achieving a growth of 64.05 per cent. The Food & FMCG segment accounted for 31.59 per cent of total revenue from operations in the current quarter,” the company had said in its release.
Buy Indiabulls Real Estate shares: Ashish Bahety
Indiabulls Real Estate stock ended at Rs 116.25 on 28th March 2024. The shares of Indiabulls Real Estate have given bumper returns to its shareholders in the last one year. The stock gained over 41 per cent in 6 months and made the investors richer by over 130 per cent in the last 1 year.
Ashish Bahety recommended stock market investors to buy Indiabulls Real Estate share with a target of Rs 125 and Stop Loss of Rs 109.
Indiabulls Real Estate posted a net loss of Rs 236.77 crore for the third quarter of 2023-24. As per its regulatory filing, the company registered a net loss of Rs 87.04 crore in the year-ago period.
