An expert has chosen Sharda Motor for positional investors in this downturn. Find out what the target price is.

The Indian market closed with a fourth consecutive week of decline. Sensex and Nifty closed at 64948 and 19310 with a 0.6% downturn. Midcap stocks also saw a half-percent decline, while the Smallcap index closed flat. Adani Ports remained the top gainer in the Nifty 50, while JSW Steel was the top loser. Last week, FIIs made net purchases of Rs 3756 crore, and DIIs made purchases of Rs 3892 crore based on net inflow.

Important Support for Nifty at 19150-19100

SBI Securities mentioned that there are no domestic events next week. The earnings season for companies has concluded. Consequently, the market will be influenced by global market trends. The speech by Federal Reserve Chair Jerome Powell in the Jackson Hole meeting next week will be significant. Additionally, the real estate crisis in China is also serving as a trigger for the economy and the market. The level of 19150-19100 will act as immediate support for Nifty. The level of 19470-19500 will act as a barrier.

Sharda Motor Share Price Target

Sandip Jain of Trades Swift Broking has chosen Sharda Motor Industries for positional investors. Last week, this share was at a level of Rs 856. An expert has set a target of Rs 920-930. The stop loss is set at Rs 835. The 52-week high and low for this stock are Rs 950 and Rs 550 respectively. This stock has seen an increase of about 4% in a month and 6.4% in three months.

Cera Sanitaryware Share Target Price

For the long term, an expert has chosen Cera Sanitaryware. Last week, this share closed at a level of Rs 8445. The company’s growth has been good, with a 25% market share in the faucet segment. The company manufactures products such as wash basins, showers, bathroom products, tiles, and kitchen sinks. The company’s rating is excellent. Fundamentally, the ROCE is 25.8% and the return on equity is 19.4%. The company is debt-free. The target for the long term is set at Rs 9750. This stock has seen a rise of 14% in a month and 62% this year.

(Disclaimer: The investment advice in stocks is provided by a brokerage house. This is not financial advice. Consult your advisor before making any investments.)