Indian Equities Dip; Acutaas, Sunteck, CIE, Zen, Dalmia Show Resilience
Indian equity markets witnessed a slight downturn on October 24, with key indices like the Sensex and Nifty closing lower. Despite this, several companies showed promising performances, with positive recommendations from brokerage firms.
Acutaas Chemicals Limited, a leading specialty chemicals manufacturer, saw its shares close at Rs 1,685, down around 3.10%. However, IDBI Capital recommended the stock with a target price of Rs 2,141, indicating a potential upside of 26%. Similarly, Sunteck Realty, a Mumbai-based real estate developer, closed at Rs 436 per share, up around 0.73%. Motilal Oswal recommended the stock with a target price of Rs 574, suggesting a potential upside of 32%. CIE Automotive India, a supplier of automotive components, also received a positive recommendation from ICICI Direct, with a target price of Rs 520, indicating a potential upside of 22% after closing at Rs 425 per share, down around 1.48%. Zen Technologies Limited, a manufacturer of combat training and counter-drone solutions, closed at Rs 1,397 per share, up around 0.79%. The company was recommended by Choice Equity Broking with a target price of Rs 2,150. Dalmia Bharat, a leading cement manufacturer, closed at Rs 2,098 per share, down around 1.75%. Despite this, ICICI Direct recommended the stock with a target price of Rs 2,650, indicating a potential upside of 26%.
While the broader market saw a slight dip, several companies like Acutaas Chemicals, Sunteck Realty, CIE Automotive India, Zen Technologies, and Dalmia Bharat showed resilience, with positive recommendations from brokerage firms indicating potential price increases in their stock prices.
