6 days ago

Expert outlines targets for IREDA, Ashok Leyland and three shares

An expert named Khandelwal shared his views on five company shares.

He expects Mazagon Dock to keep rising if it moves above certain price levels.

He said long-term investors could watch for the stock to cross Rs 3,020.

He is also positive about Narayana Hrudayalaya because he considers its valuation reasonable.

For IREDA, he said current investors should not sell immediately.

He believes IREDA could rise if it moves above Rs 132 and later Rs 160.

Ashok Leyland and SBI were given stop-loss levels to help limit possible losses.

The expert also gave possible price targets for both companies.

Key facts

Mazagon Dock near-term level: Rs 2,770 was identified as a near-term supply level.
Mazagon Dock long-term levels: A sustained move above Rs 3,020 could lead to targets of Rs 3,460 and Rs 3,800.
Narayana Hrudayalaya targets: The stock could move toward Rs 2,080 in the medium term and Rs 2,400 in the long term.
IREDA levels: A move above Rs 132 could trigger an upside toward Rs 160; a sustained move above Rs 160 could lead to Rs 224–240.
Ashok Leyland outlook: The suggested stop-loss is Rs 158, with targets of Rs 194 and potentially Rs 224 over the quarter.
State Bank of India outlook: The suggested stop-loss is Rs 998, with targets of Rs 1,098 and Rs 1,160 by the end of the September series.

businesstoday.in · 6 days ago