Karachi - Pakistan stocks down by 0.8 per cent on Thursday on techn

As per views of technical analyst VK Sharma, day traders can purchase IFCI stock around Rs 61.50 to achieve an intraday target of Rs 68.

If the stock market remains positive, the next target for the day will be above Rs above 70. The stop loss marked for the suggested stock is Rs 58.75.

Shares of the company, on Wednesday (May 14), closed at Rs 61.50 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 17235429. Current EPS and P/E stood at 13.39 and 4.74 respectively. The share price has seen a 52-week high of Rs 121.2 and a low of Rs 36.7 on BSE.

Technical analyst, Ashwani Gujral has advised investors to purchase Chambal Fertilizers stock around Rs 70 to achieve a target of Rs 88 within a week.

The strict stop loss for the suggested stock should be Rs 65.

The stock has great potential to go upside. It can still exhibit superb surge. The long term traders are recommended to hold the stock.

Technical analyst, Ashwani Gujral is of the view that investors can buy Hidustan Zinc stock to achieve a medium-term target that lies between Rs 865 to Rs 920.

According to him, investors can purchase the stock around 735 with a stop loss of Rs 650.

The investors can achieve the target within a period of 4-5 months. So they are advised not to sell the stock before achieving this price target.

Today, the company’s shares opened at Rs 741, as against its last closure at Rs 733.85 on Wednesday (May 14), on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 969 and a low of Rs 501 on BSE.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Infosys stock