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Share Market Today: 20 Shares For Profitable Trade On February 9

Share Market Today: Backed by a strong performance by IT stocks on February 9, Sensex opened 350 points higher and Nifty50 close to 17,400.

Updated: February 9, 2022 10:28 AM IST

By Business Desk | Edited by Raghav Aggarwal

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New Delhi: Indian share market opened in the green on Wednesday. Sensex opened 350 points higher and Nifty50 close to 17,400. The markets showed a highly volatile trade on Tuesday amidst the ongoing Monetary Policy Meeting of the RBI. The results of the meeting will be out on Thursday, February 10.

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Another reason for the volatility in the share markets is the rising prices of crude oil. Within weeks, the crude oil prices have gone up from $65 per barrel to $93 per barrel. Also, rising geopolitical tensions in Asia and Eurasia have also dampened the investors’ sentiments.

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Nevertheless, we are here with 20 stock recommendations for profitable trade on February 8, 2022. The investors are however advised to do their research before investing in these stocks. The recommendations have been taken from Zee Business.

  1. RUPA: Target Price- Rs 540, Stop Loss- Rs 505
  2. SUN Pharma: Target Price- Rs 917, Stop Loss- Rs 887
  3. Data Patterns: Target Price- Rs 723, Stop Loss- Rs 696
  4. Ingersol Rand: Target Price- Rs 1,800, Duration- 12 months.
  5. BPCL: Target Price- Rs 390, Stop Loss- Rs 371
  6. Shilpa Medicare: Target Price- Rs 512, Stop Loss- Rs 480
  7. Cineline: Target Price- Rs 126, Stop Loss- Rs 116
  8. JSW Energy: Target Price- Rs 321, Stop Loss- Rs 304
  9. JK Paper: Target Price- Rs 241, Stop Loss- Rs 231
  10. Gujarat Gas: (Sell) Target Price- Rs 645, Stop Loss- Rs 672
  11. Godrej Properties: Target Price- Rs 1,850, Duration – 1 year
  12. Jagran Prakashan: Target Price- Rs 71, Stop Loss- Rs 68
  13. IDFC: Target Price- Rs 66, Stop Loss- Rs 62.5
  14. Redington: Target Price- Rs 165, Stop Loss- Rs 157
  15. BSE: Target Price- Rs 2,150, Stop Loss- Rs 2,050
  16. NALCO (Futures): Target Price- Rs 120, Stop Loss- Rs 115
  17. IRCTC (Futures): Target Price- Rs 865, Stop Loss- Rs 829
  18. Rain Ind 225 CE@ 10.65 (Options): Target Price- Rs 15, Stop Loss- Rs 8
  19. CIPLA 950 CE (Options): Target Price- Rs 26, Stop Loss- Rs 17.75
  20. Bharti Airtel: Target Price- Rs 910, Duration- 3-6 months

For more tips and details on stocks recommendations, read here.

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Published Date: February 9, 2022 9:27 AM IST

Updated Date: February 9, 2022 10:28 AM IST