IREDA Share Price 03 JUNE 2024 📈💹
IREDA stock reached a new record high on Monday (27 May), but profit booking weighed heavy on the market and it closed flat. Sensex, Nifty, and Nifty Midcap Index also touched new highs in the day’s trading. In this environment, Motilal Oswal’s Chandan Tapadia has chosen 3 best midcap stocks for long term, positional, and short term.
- JBM Auto: Chandan Tapadia recommends buying JBM Auto for the long term. He said, ‘It has been consolidating for about 52-53 days. Buy at the target level of ₹1,900 and invest ₹2,500. Investors may have a perspective of 9 to 12 months for the target price. The stock closed at ₹2,124.30 with a gain of 8.08% on 27 May. It can deliver returns of up to 18% at this price. On Monday (03 June 2024), the stock was trading at ₹2,111, up by 0.93%.
- Paras Defence: Chandan Tapadia suggests buying defence shares in Paras Defence. He says the stock has reached several breakout levels. There will be momentum in the coming days. The target price for investing in shares is ₹1,001 with a stop loss of ₹850. The stock was closed at ₹89.40 on 27 May. It can increase by 12% from its current price. On Monday (03 June 2024), the stock was trading at ₹940, up by 2.50%.
- IREDA: Experts have given IREDA a BUY rating. They recommend keeping a stop loss of ₹190 and a target price of ₹203 for investing in this stock. The company’s share closed at ₹193.25, up by 4.15% on 27 May. It can deliver a return of 5% at this price. On Monday (03 June 2024), the stock was trading at ₹192, up by 3.90%.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
