tata motors share price: Big Movers on D-St: What should investors do with Tata Motors, PNB and PI Industries?

The Indian market ended its two-day winning streak and ended Wednesday in the red. The S&P BSE Sensex fell more than 150 points while the Nifty50 closed below 18,200.

Sector-wise, buying was seen in banks, FMCG and telecom stocks, while selling was seen in real estate, metals, consumer discretionary and healthcare.

Stocks that have been in focus include names like

which closed with losses of 0.4%, which rose by more than 7% and which ended with gains of almost 10%.

Here’s what Akhilesh Jat, Category Manager – Equity Research, CapitalVia Global Research recommends investors do in these stocks when the market resumes trading today:


Tata Motors: Buy: 445| Stop loss Rs 430 | Target Rs 465
Tata Motors shares opened positive, trading sideways throughout the day. The stock broke out of its ongoing month-long consolidation with marginally higher volume.

The momentum oscillator RSI continues its higher-low formation. We expect the share price to end the consolidation and resume its uptrend in the coming days.

One can buy the stock in the range of Rs 444-446.

PI Industries: Buy@3700| Stop loss Rs 3580 | Target Rs 3850
Shares of PI Industries surged over 10% for the day, hitting a new all-time high after strong quarterly results.

The stock closed above key resistance levels, with higher volume suggesting further upside in the price.

MACD indicator staying above zero levels with positive crossover is suggesting more upside in prices.

: Buy@46| Stop loss Rs 43.50| Target Rs 52
Shares of PNB continued its positive performance for the fourth straight session hitting a fresh 52-week high of Rs 46. The stock is trading in higher highs and higher low formations.

The momentum oscillator RSI continues its higher-low formation and the MACD indicator staying above zero levels with a positive crossover is suggesting further upside in the near future.

(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times)

https://economictimes.indiatimes.com/markets/stocks/news/big-movers-on-d-st-what-should-investors-do-with-tata-motors-pnb-and-pi-industries/articleshow/95415400.cms tata motors share price: Big Movers on D-St: What should investors do with Tata Motors, PNB and PI Industries?

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