Shilpa Rout of Prabhudas Lilladher shared three potential buy calls with CNBC-TV18 on September 5, Tuesday. Her three picks were HPCL, Delta Corp, and Zee Entertainment.

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Hindustan Petroleum Corporation Ltd (HPCL), currently trading at approximately Rs 257, presents an enticing opportunity, as per Rout. Traders and investors can set their sights on targets of Rs 280 while maintaining a disciplined stop loss at Rs 249. This strategic approach provides a risk-reward ratio that many find appealing.

HPCL did face some turbulence in the past month, with its stock value plummeting by more than 4 percent.

The second buy call recommended by Rout was Delta Corp, which is trading at around Rs 188. What makes Delta Corp an attractive prospect is the strong support it enjoys at the Rs 180 zone, as per her. To mitigate risk, investors can set a stop loss at Rs 180 while targeting price points of Rs 205 and Rs 210.

Over the past month, Delta Corp has demonstrated its resilience by gaining more than 3 percent.

Shifting the focus to the entertainment industry, Zee Entertainment is generating significant buzz. She predicted that it was destined for the Rs 300 zone. Should Zee Entertainment breach this milestone, the path to Rs 320-330 becomes more attainable.

For those considering an investment in Zee Entertainment, the support level to watch closely is Rs 260. If the stock experiences a decline, this level provides an appealing entry point. Alternatively, for those who already hold positions, a prudent move would be to trail the stop loss to Rs 260, allowing room for potential growth.

Zee Entertainment has witnessed substantial growth, with its stock surging by more than 18 percent in just the past month.

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First Published:Sept 5, 2023 11:03 AM IST