Sensex today | Stock Market Live Updates: Stock to buy today: HBL Engineering (₹808) – BUY
Sensex, Nifty, Share Prices Live: The short-term outlook for HBL Engineering is bullish. HBL Engineering share price can go up to ₹880 in the coming weeks.
On Tuesday, the Sensex rose over 2 percent, recovering most of Monday's losses and maintaining an uptrend since the start of the month. Technical indicators show strong support around ₹770-₹740, and the stock appears well-positioned above ₹770. HBL Engineering's share price could climb to ₹880 in the coming weeks, presenting an attractive buying opportunity at its current price of ₹808.
Traders are advised to accumulate shares on dips at ₹790 and set a stop-loss at ₹765. As the stock rises, the stop-loss should be trailed to ₹815 once the price hits ₹825, then adjusted to ₹830 and ₹850 when the price reaches ₹845 and ₹860, respectively. The stock should be exited at ₹870. Meanwhile, Australia's Reserve Bank increased its benchmark interest rate by 25 basis points to 4.6%, the highest level in 15 years, in response to persistent inflation and economic growth concerns.
This marks the fourth rate hike this year, totaling 100 basis points, as the central bank seeks to combat inflationary pressures while remaining open to further rate hikes if necessary.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
