Analysts have advised investors to buy Bajaj Auto Ltd., Indraprastha Gas Ltd., SRF Ltd., Tata Chemicals Ltd., and JSW Steel Ltd, among other stocks.
Akshay P Bhagwat, senior vice president at JM Financial, Ravi Singh, senior vice president of retail research at Religare Broking, and Shivangi Sarda, analyst of equity derivatives and technical at Motilal Oswal Financial Services Ltd. shared their insights with NDTV Profit.
These stock calls have a potential upside of up to 6.3%.
SRF
Among the calls mentioned, SRF’s target price by Sharda implies the highest return of 6.3%. She has recommended buying the stock with a target of Rs 3,000 and stop-loss of Rs 2,700.
The stock rose over 2% on Thursday after the company reported a jump in net profit in the third quarter of this financial year. In addition, the company also announced a dividend of Rs 3.6 apiece.
Indraprastha Gas
Indraprastha Gas’ target price of Rs 420 shared by Singh implies an upside of 6.06%. She has a buy call on the stock with a target of Rs 420 and stop-loss of Rs 385.
In Q3, the company reported in-line Ebitda, while net profit was propelled by higher-than-expected other income. Higher gas cost, owing to the lower administered price mechanism allocation, resulted in a sharp drop in Ebitda.
JSW Steel
Sarda recommends buying JSW Steel with a target of Rs 1,000 and stop-loss of Rs 925. The target implies 4.8% upside.
JSW Steel Ltd.’s net profit fell in the third quarter of fiscal 2025, but still managed to be in line with analysts’ estimates. The decline came on the back of other comprehensive loss of Rs 1,391 crore, an exceptional item and higher deferred taxes.
Bajaj Auto
Bajaj Auto is Bhagwat’s recommendation. He has a target of Rs 9,142, implying 4.4% upside and a stop-loss of Rs 8,532. Its stock rose nearly 5% on Wednesday, after the company reported a rise in its net profit for the third quarter of the financial year 2025.
Tata Chemicals
Bhagwat also has a buy call on Tata Chemical, with a target of Rs 1,005, implying an upside of 4.04%. Stop-loss is seen at Rs 949. The stock hit its lifetime high of Rs 1,349 on March 7.
The stock has fallen 8% year-to-date and nearly 6% in the last 12 months.
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