Nifty likely to open flat; 3 stocks which could give 12-20% return

Nifty likely to open flat; 3 stocks which could give 12-20% return


Patterns on SGX Nifty demonstrate a level to positive opening for the more extensive list in India, an ascent of 4 points or 0.03 percent. Clever prospects were exchanging around 11,853-level on the Singaporean Exchange.

The Nifty50 is probably going to open level on Thursday following quieted pattern seen in other Asian markets. The file shut 96 points higher at 11,787 on Tuesday.

Patterns on SGX Nifty demonstrate a level to positive opening for the more extensive file in India, an ascent of 4 points or 0.03 percent. Clever prospects were exchanging around 11,853-level on the Singaporean Exchange.

US stocks finished marginally lower on Wednesday as a drop in medicinal services shares dominated a string of positive corporate profit and peppy monetary information from the United States and China, said a Reuters report.

Asian offers were curbed on Thursday after a negative act on Wall Street, with alert in front of business overviews in Europe and Japan, and the Good Friday and Easter occasions keeping financial specialists on the sidelines, it said.

The Indian rupee on April 16 lost another 18 paise to close at 69.60 against the US dollar, denoting its third straight session of decay inferable from supported interest for the greenback from shippers and rising worldwide raw petroleum costs.

Stocks in news:

RIL will be in center in front of Q4 results and a news paper report said that Saudi Aramco which is the world's biggest unrefined petroleum maker, is in "genuine talks" to gain up to a 25 percent stake in Reliance Industries' refining and petrochemicals organizations.

Wipro has revealed 1 percent consecutive fall in final quarter combined benefit at Rs 2,483.5 crore on frail income development. The IT administrations income direction for the primary quarter of the money related year 2019-20 was additionally lower than investigator gauges.

The moderate sized IT firm on April 17 detailed a 8.9 percent development in united net benefit at Rs 198.4 crore for the March 2019 quarter. Be that as it may, there is one all the more thing in front of a potential takeover of the organization by L&T, Mindtree's board additionally proposed to pay an attractive Rs 320 crore exceptional profit to its investors including advertisers.

Specialized Recommendations:

We addressed Sanctum Wealth Management and this is what they need to suggest:

ICICI Bank Ltd: Buy| LTP: Rs 407| Stop Loss: Rs 385| Target: Rs 475| Upside 16%

Vinati Organics Ltd: Buy| LTP: Rs 1742| Stop Loss: Rs 1675| Target: Rs 1950| Upside 12%

Indian Hotels Company Ltd: Buy| LTP: Rs 154| Stop Loss: Rs 146| Target: Rs 185| Upside 20%

Happy investing.


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