City
Epaper

Stock Watch: Tata Power, UPL stocks seen rising in near-term, says Lead Research

By IANS | Published: January 06, 2022 6:06 PM

Mumbai, Jan 6 Shares of Tata Power and agro-chemicals firm UPL are expected to give healthy returns in ...

Open in App

Mumbai, Jan 6 Shares of Tata Power and agro-chemicals firm UPL are expected to give healthy returns in the short run, Lead Research said in a report.

The research firm recommended investors to buy Tata Power's stock at Rs 226-228, with a stop loss and target at Rs 219 and Rs 243-245, respectively.

It urged the investors to hold the stocks for one week.

"Looking at the price action and the ‘RSI' readings, we expect a positive momentum in the (Tata Power) stock and hence, it could resume its broader uptrend," the report said.

Besides, for UPL, it gave a ‘buy' call at Rs 778-782 with stop loss and target at Rs 759 and Rs 805, respectively.

It recommended the investors to hold shares for two weeks.

"The volumes were good since the opening ticks itself today indicating buying interest in the counter. Thus, we expect the (UPL) stock to resume its broader uptrend and thus short-term traders can look for buying opportunities," it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Tata PowerUpl
Open in App

Related Stories

MaharashtraElectricity Price Hike in Mumbai: Power Tariff To Rise by 27-44% in April for Tata Power Residential Consumers

MaharashtraMaharashtra Electricity Regulatory Commission Receives Proposal for Significant Rate Increase by Tata Power

MaharashtraTata Power to invest Rs 13,000 crore in Maharashtra for two pumped hydro storage of 2800 MW

MaharashtraElectricity bills of Tata Power consumers in Mumbai to reduce by 25-35%

BusinessTata Power collaborates with Ranchi Airport to install EV charging points

International Realted Stories

InternationalIraqi parliament elects new Speaker after nearly yearlong vacuum

InternationalUN chief emphasises role of youth in driving climate action, shaping urban futures

InternationalSeven killed in Israel after Hezbollah targets Metula, Haifa

InternationalTrump vows to protect Hindu Americans from radical left; strengthen ties with India

InternationalAt least 158 killed in Spain's flash floods