IIFL Securities advised to bet on these 5 stocks including Tata Steel, Infosys, know the price band

Shares of Tata Steel can be bought at the current market price with a target of Rs 128 per share. However, it has also been advised to place a stop loss at Rs 114.

The month of January has been mixed so far for the stock market. Meanwhile, the result season has started once again. Many stocks are taking a new flight on the basis of better results. In such a situation, if you are a stock market investor, then you can earn well by betting on many stocks. Anuj Gupta, Vice President, Research, IIFL Securities has 5 buy recommendations this week. Come, let us know which are those stocks, which have been advised to buy and what is their price band. Tata Steel: Once again good demand in the metal segment and rise in prices, Tata Steel share price is expected to rise. Shares of Tata Steel can be bought at the current market price with a target of Rs 128 per share. However, it has also been advised to place a stop loss at Rs 114. Tata Steel is trading at Rs 119.55 with a slight decline today. Tata Motors: The second company on whose stock it is advised to bet this week is Tata Motors. Due to strong sales of JLR and strong European markets, Tata Motors share price is expected to rise. Investors can buy Tata Motors with a short term target of Rs 450. At the same time, it has been advised to put a stop loss at 388 per share. Tata Motors stock is trading at Rs 410.10 with a slight decline today. Infosys: IT stocks witnessed strong buying on Friday following encouraging Q3 FY2023 results and positive guidance from frontline IT companies. This trend is expected to continue this week as well. Infosys shares can be bought for short term target of Rs 1565 at current prices. A Stop Loss of Rs 1454 is recommended in this IT stock. Today Infosys is trading strongly at Rs 1,515.20. HDFC Bank: After HDFC Bank's strong Q3FY23 results, HDFC Bank shares are expected to gain momentum. You can invest in this stock for a target of Rs.1670. At the same time, it has been advised to place a stop loss at the level of 1558. HDFC Bank stock is trading strongly at Rs 1,612.05. IDFC First Bank: It has been advised to invest in IDFC Bank for a target of Rs 74. At the same time, it has been advised to put a stop loss at Rs 52. Today this share is trading at Rs.60.60.