Analysts have advised investors to buy Multi Commodity Exchange Of India Ltd., L&T Technology Services Ltd., Interglobe Aviation Ltd., Chambal Fertilisers and Chemicals Ltd. and JK Cement Ltd. among other stocks.
Chandan Taparia, head of technical and derivatives research, Motilal Oswal Financial Services Ltd., Ajit Mishra, SVP-research at Religare Broking and Ravi Singh, SVP retail research at Religare Broking shared their insights with NDTV Profit.
These stocks could see potential upsides of up to 6.5%.
MCX
Taparia recommends purchasing the stock at Rs 6,096, with a target of Rs 6,490 and a stop loss of Rs 5,910. Over the past year, the stock has fallen 60.13%. Its relative strength index was at 51.
As per Bloomberg data, 12 analysts cover the stock, with eight assigning a ‘buy’ rating, three a ‘hold’ and one recommending a ‘sell’. The 12-month analysts’ consensus target is Rs 6,333, offering an expected upside of 4%.
L&T Technology Services
Taparia also recommends buying L&T Technology stock at Rs 5,615, with a target of Rs 5,900 and a stop loss at Rs 5,465. Over the past year, the stock has moved 0.63%. Its relative strength index was at 48.
Of the 30 analysts covering the stock, 11 have a ‘buy’ rating, eight a ‘hold’ and 11 a ‘sell’, as per Bloomberg data. The 12-month analysts’ consensus target is Rs 5,087, offering an expected downside of 9.4%.
IndiGo
According to Mishra, the stock is a ‘buy’ at the current level, with a target price of Rs 545 and a stop loss at Rs 510. It has gained 40.57% in the last 12 months. The stock’s relative strength index stands was 44.
Bloomberg data indicates 22 analysts cover the stock, with 17 giving it a ‘buy’, three a ‘hold’ and two suggesting a ‘sell’. Analysts’ consensus for the next 12 months sets the target at Rs 4,946.2, suggesting an upside of 12%.
Chambal Fertilisers
Mishra advises buying the stock at Rs 517.8, targeting Rs 545 with a stop loss at Rs 510. The stock has risen 44.66% in the past 12 months. The relative strength index was recorded at 48.
Bloomberg data indicates four analysts cover the stock, with two giving it a ‘buy’, one a ‘hold’ and one suggesting a ‘sell’. Analysts’ consensus for the next 12 months sets the target at Rs 525.2, suggesting an upside of 3.4%.
JK Cement
Singh recommends purchasing the stock with target of Rs 5,050 per share and a stop loss at Rs 4,790. Over the past year, the stock has fallen 13.72%. Its relative strength index is currently at 50.
Of the 27 analysts covering the stock, 20 have a ‘buy’ rating, four a ‘hold’ and three a ‘sell’, according to Bloomberg data. The 12-month analysts’ consensus target is Rs 5,078.3, offering an expected upside of 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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