Stock recommendations for Tuesday are out, with analysts advising investors to keep an eye on some promising picks. Among the highlighted stocks are ICICI Bank Ltd., Torrent Pharma Ltd., Hindalco Industries Ltd. and Tech Mahindra Ltd. These stocks come with specific target prices and stop-loss levels, with analysts setting optimistic forecasts on their potential upside.
The recommendations for today’s stock picks have been provided by experts including Chandan Taparia, head of technical and derivatives research at Motilal Oswal, Ravi Singh, SVP of retail research at Religare Broking, and Brijesh Ail, head of technical and derivatives at IDBI Capital.
Today’s stock recommendations have a mix of FMCG, pharma, bank and IT companies.
ICICI Bank
Brijesh Ail from IDBI Capital has recommended buying ICICI Bank at the current market price of Rs 1,219 apiece. The target price is Rs 1,280, with a stop loss at Rs 1,185. This recommendation indicates a potential upside of 5% from the current levels.
Of the 51 analysts tracking ICICI Bank, 48 have a ‘buy’ rating on the stock, and three recommend a ‘hold’, according to Bloomberg data. The average of 12-month analysts’ price target of Rs 1,502 implies a potential upside of 22%.
Torrent Pharma
Brijesh Ail from IDBI Capital has recommended buying Torrent Pharma at the current market price of Rs 3,347 apiece. The target price is Rs 3,500, with a stop loss at Rs 3,290. This recommendation indicates a potential upside of 4.57% from the current levels.
Of the 31 analysts tracking Torrent Pharma, 20 have a ‘buy’ rating on the stock, eight recommend a ‘hold’ and three suggest a ‘sell’, according to Bloomberg data. The average of 12-month analysts’ price target of Rs 3,599 implies a potential upside of 7.8%.
Hindalco Industries
Ravi Singh from Religare Broking has recommended buying Hindalco at the current market price of Rs 607 apiece. The target price is Rs 635, with a stop loss at Rs 596. This recommendation indicates a potential upside of 4.6% from the current levels.
Of the 29 analysts tracking Hindalco, 24 have a ‘buy’ rating on the stock, and five recommend a ‘hold’, according to Bloomberg data. The average of 12-month analysts’ price target of Rs 745 implies a potential upside of 27%.
Tech Mahindra
Ravi Singh from Religare Broking has recommended buying Tech Mahindra at the current market price of Rs 1,723 apiece. The target price is Rs 1,770, with a stop loss at Rs 1,700. This recommendation indicates a potential upside of 2.7% from the current levels.
Of the 46 analysts tracking Tech Mahindra, 24 have a ‘buy’ rating on the stock, eight recommend a ‘hold’ and 14 suggest a ‘sell’, according to Bloomberg data. The average of 12-month analysts’ price target of Rs 1,704 implies a potential upside of 3%.
Britannia Industries
Chandan Taparia from Motilal Oswal has recommended buying Britannia Industries at the current market price of Rs 5,176 apiece. The target price is Rs 5,520, with a stop loss at Rs 5,025. This recommendation indicates a potential upside of 6.6% from the current levels.
Of the 38 analysts tracking Britannia Industries, 20 have a ‘buy’ rating on the stock, 12 recommend a ‘hold’ and six suggest a ‘sell’, according to Bloomberg data. The average of 12-month analysts’ price target of Rs 5,451 implies a potential upside of 5.3%.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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