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SBI Card, SPARC: Top stock picks by Vaishali Parekh of Prabhudas Lilladher


BUY SPARC | CMP: Rs 152 | Target: Rs 175-185 | Stop Loss: Rs 138
The stock has witnessed a decent correction from the peak of 194 levels and has currently bottomed out near 140 levels, indicating a trend reversal to improve the bias. The chart looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy. We suggest to buy and accumulate this stock for an upside target of 175-185 keeping the stop loss of 138.
BUY SBI CARDS | CMP: Rs 974 | Target: Rs 1,100-1,140 | Stop Loss: Rs 920
The stock has witnessed a decent correction from the peak of 1139 levels and has bottomed out near 920 levels indicating a trend reversal to improve the bias. The chart looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy. We suggest to buy and accumulate this stock for an upside target of 1100-1140 keeping the stop loss of 920. ....

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Stocks to watch: Vedanta, Tata Communication, SBI Card, BPCL, Magma Fincorp


Here are the top stocks to track in today s session:
Vedanta: Anil Agarwal-led Vedanta Resources Plc on Tuesday raised the open offer price for buying shares in its Indian firm to Rs 235 per share, nearly 4 per cent higher than the current trading price. It also raised the offer size to 651 million shares representing 17.5 per cent stake in Vedanta from 10 per cent it had offered to buy earlier.
Magma Fincorp: The company will pare its shareholding in insurance venture Magma HDI by selling stake to ICICI Venture, Morgan Stanley PE, a Poonawalla Group firm and other entities in a Rs 525 crore-deal. ....

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Stocks to watch: Tata Consumer, GAIL, NTPC, SBI Card, Sanofi India, REC


Here are the top stocks to track in today s session:
Tata Consumer, GAIL: The Tata Group firm will replace GAIL India in Nifty50 Index from March 31, 2021.
NTPC: State-owned NTPC said it has signed a share purchase agreement to buy GAIL s 25.51 per cent stake in Ratnagiri Gas and Power Pvt Ltd (RGPPL), which is commonly known as Dabhol project. In other news, the company raised Rs 900 crore through issuance of unsecured, redeemable, taxable, listed, rated non-convertible debentures.
SPARC: Sun Pharma Advanced Research Company (SPARC) said the USFDA has ruled against its appeal related to Taclantis, its under development product for treatment of breast cancer. ....

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