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Stocks such as Voda Idea, Macrotech Developers, Zee Entertainment, Muthoot Finance, Oberoi Realty and REC were among the top gainers on Nifty 200.
The outlook for the Nifty index leans towards a bearish scenario. There is an expectation of further downward movement in the Nifty, potentially reaching down to the 18,460 level if it breaches the 18,830 support.
“Vodafone is headed upwards and can move towards levels of around Rs. 17-20 range. I am going to keep a stop loss of Rs. 12 and continue holding if I have Vodafone or even buy at current level looking at targets of Rs. 17-20 with a stop loss of Rs. 12.”
ICICI Securities recommended hold rating on Macrotech Developers with a target price of Rs 732 in its research report dated October 30, 2023.
Motilal Oswal is bullish on Macrotech Developers recommended buy rating on the stock with a target price of Rs 900 in its research report dated October 30, 2023.