1 week ago
Expert Shares Trading Views on Vodafone Idea and Metals
An expert gave investors views on three companies.
He said Vodafone Idea may rise further and could reach Rs 18–18.50.
He recommended using a safety limit below Rs 13.50.
He also said Paradeep Phosphates could be considered for buying.
Its possible target was Rs 180–190, with a safety limit below Rs 150.
For Hindustan Copper, he suggested buying gradually and considering the government’s share sale.
He said this investment could be held for more than six to eight months, with a stop loss below Rs 470.
The government’s offer-for-sale opened first for non-retail investors and was scheduled to open for retail investors the next day.
Upadhyay said Vodafone Idea’s structure looks positive, with potential upside to Rs 18–18.50.
He advised holding Vodafone Idea while maintaining a trailing stop loss below Rs 13.50.
Paradeep Phosphates was considered a buy, with a possible move toward Rs 180–190.
Upadhyay recommended a stop loss below Rs 150 for Paradeep Phosphates.
The government’s Hindustan Copper OFS seeks to sell up to 6% at a floor price of Rs 514 per share.
- Who
- Market expert Upadhyay, the Government of India, and investors in Vodafone Idea, Paradeep Phosphates, and Hindustan Copper.
- What
- Upadhyay provided trading recommendations and targets for three stocks, while the government began selling up to a 6% stake in Hindustan Copper.
- Where
- The stock recommendations and OFS concern the Indian share market.
- When
- The Hindustan Copper OFS began on Tuesday, August 25, for non-retail investors; retail bidding was scheduled for Wednesday, August 26.
- Why
- Upadhyay identified potential price appreciation in the three stocks, while the government launched the OFS to sell part of its Hindustan Copper holding.
Key facts
- Vodafone Idea target
- Rs 18–18.50
- Vodafone Idea stop loss
- Below Rs 13.50
- Paradeep Phosphates target
- Rs 180–190
- Paradeep Phosphates stop loss
- Below Rs 150
- Hindustan Copper target
- Rs 720–740
- Hindustan Copper stop loss
- Below Rs 470
- Hindustan Copper OFS floor price
- Rs 514 per share
- Government stake offered
- Up to 6% of Hindustan Copper
Quotes
Upadhyay
Expert providing technical views and trading recommendations on the three stocks
“One can hold the position, but do not forget to maintain a trailing stop loss below Rs 13.50”
businesstoday.in
Sources
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