Stocks To Buy Today: 20 Shares To Book Good Profits On February 22, 2022

Stocks To Buy Today: Here are 20 stock recommendations for profitable trade on February 22, 2022.

New Delhi: Amidst heightened Russia-Ukraine tensions, the share markets are expected to open in the red on Tuesday. SGX Nifty also signalled a negative start for the benchmark indices in India. Asian markets, reacting to the latest address by Russian President Vladimir Putin, opened in the red. Japan’s Nikkei 225 index was down over 500 points or 2 per cent as of 9 AM. Hong Kong’s Hang Seng was down over 3 per cent.

According to Prashanth Tapse, Vice President (Research), Mehta Equities Ltd, “Mirroring the fall in SGX Nifty, key benchmark indices are seen trading in rough waters amid Russia-Ukraine tensions and the Fed’s hawkishness which is still reverberating negative sentiments. Overnight, MOEX Russia Index slumped as much as 14% after Russian President Vladimir Putin said he’s considering an appeal for official recognition from separatists in east Ukraine. Amidst this backdrop, Nifty’s resistance is at 17421 mark and expect waterfall of selling below 17057 mark.”

Brent oil prices, on the other hand, rose to $97 per barrel on Tuesday.

However, we bring to you, 20 shares for profitable trade on February 22, 2022

The recommendations have been taken from Zee Business.

1. Jagsonpal Pharma: Target Price- Rs 212, Stop Loss- Rs 200
2. Glenmark Fut (Sell): Target Price- Rs 438, Stop Loss- Rs 460
3. Wipro: Target Price- Rs 630, Duration 9-12 Months
4. LIC Housing: Target Price- Rs 410, Duration 9-12 Months
5. Hindalco: Target Price- Rs 525, Stop Loss- Rs 500
6. Grasim Fut (Sell): Target Price- Rs 1,630, Stpo Loss- Rs 1,705
7. Bata: Target Price- Rs 1,910, Stop Loss- Rs 1,840
8. Bharat Dynamics: Target Price- Rs 475, Stop Loss- Rs 445
9. Krsnaa Diagnostics: Target Price- Rs 605, Stop Loss- Rs 580
10. JSPL (Sell): Target Price- Rs 400, Stop Loss- Rs 419
11. TCS: Target Price- Rs 4,400, Duration 1 year
12. Tata Consumer Products: Target Price- Rs 850, Duration 1 Year
13. Oil India: Target Price- Rs 232, Stop Loss- Rs 221
14. Asian Paints (Sell): Target Price- Rs 3,153, Stop Loss- Rs 3,287
15. Mahindra Holidays: Target Price- Rs 221, Stop Loss- Rs 211
16. Indian Hotels: Target Price- Rs 210, Stop Loss- Rs 200
17. Motherson Sumi (Futures, Sell): Target Price- Rs 152, Stop Loss- Rs 158
18. Sell Indigo (Futures): Target Price- Rs 2,040, Stop Loss- Rs 3,000
19. ONGC 165 Call at 1.5 (Options): Target Price- Rs 2.5-3, Stop Loss- Rs 1.2
20. Berger Paints 730 PE@9.5 (Options): Target Price- Rs 18, Stop Loss- Rs 6

Zee Business’s report can be read here