Stock to Buy: The increased tension between Iran and Israel (Israel-Iran) has also affected the Indian stock markets. This week, Sensex and Nifty have seen a decline of more than 4-4 percent. Due to the increasing dispute between Iran and Israel, there has been a rise in the prices of crude oil. Due to which oil stocks have become victims of selling. The effect of fall in rupee prices is also visible. According to experts, further decline may be seen in the prices of oil stocks. Experts say that these oil stocks will recover again as soon as the situation in the Middle East improves. Experts are advising long term investors to bet in oil stocks. Let us know which oil stocks you can buy on Monday –
1- Gandhar Oil Refinery –
Brokerage house VLa Ambala believes that this stock is currently undervalued. In such a situation, investors can buy in the range of Rs 210 to Rs 215. Investors can set target prices of Rs 228, Rs 235 and Rs 250. Investors can hold this stock for one week to 8 weeks. Let us tell you, the stop loss is Rs 200 per share.
2- Oil India Limited
Sugandha Sachdeva, Founder, SS WealthStreet, says, “Oil India has given returns of 135 percent so far this year. There has been a decline in the shares of the company.” They believe that investors can buy this share at Rs 510. For medium term he has set a target price of Rs 665 to Rs 680.
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3- Petronet LNG
According to the report of VLA Ambala, this stock can be purchased in the range of Rs 340 to Rs 350. The brokerage house has set a target price of Rs 370 to Rs 430. At the same time, the stop loss has been kept at Rs 310.
4- BPCL
BPCL shares are currently trading at Rs 340. Shares of the company can be bought from Rs 290 to Rs 310. At the same time, the target price for stocks has been set at Rs 365 to Rs 450. Let us tell you, the stop loss has been kept at Rs 265.
5- ONGC
According to VLA Ambala, shares can be bought from Rs 276 to Rs 255. The brokerage house has set a target price of Rs 310 to Rs 370. Whereas, the stop loss has been kept at Rs 240.
(This is not investment advice. The stock market is subject to risks. Decide wisely before making any investment. The views of the experts presented here are personal.)
