News

Anil Singhvi Stock of the Day: Market expert Anil Singhvi has highlighted Oil India Ltd and Larsen & Toubro (L&T) futures as key trades for Monday, citing recent developments and market trends.

Singhvi advised buying Oil India futures with a stop-loss at Rs 405 and target levels at Rs 415, 419, and 425. The recommendation follows the company’s natural gas discovery in the Vijayapuram-2 exploratory well in the Andaman Shallow Offshore Block. Preliminary testing has confirmed inflows, and further studies are underway to evaluate the full potential of the find.

The stock was trading at Rs 419.90, up 2.35 per cent at 9:44 am. Analysts noted that with global crude prices near $70 a barrel, Oil India is likely to attract investor attention in the energy sector. Singhvi highlighted the discovery as a positive factor for traders looking at medium-term gains.

Add Zee Business as a Preferred Source

For L&T futures, Singhvi recommended selling near Rs 3800, with a stop-loss at Rs 3850 and target levels at Rs 3765, 3735, and 3700. The stock rallied 2.2 per cent on Friday, closing above the Rs 3,700 resistance, and is trading comfortably above its 21- and 50-day moving averages.

L&T (NSE: LT) was at Rs 3,694, down 0.95 per cent at 9:44 am. Analysts suggest that while the medium-term trend is bullish, short-term profit booking at higher levels could weigh on the stock, supporting Singhvi’s advice to sell.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.