Analysts recommend ‘buy’ for stocks like Infosys, AU Small Finance Bank and DMart along with others.
Kunal Rambhia, the founder of The Street, Vikas Jain, head of research at Reliance Securities, Ravi Singh, senior vice president of retail research at Religare Broking, Gaurav Sharma, head of research at Globe Capital among others have shared their insights with NDTV Profit.
These five stock calls have the potential to generate upsides of up to 7.8%, according to analysts. Here is a list of stocks that offer promising opportunities for growth, according to insights by these experts.
AU Small Finance Bank
Globe Capital’s Gaurav Sharma recommends buying AU Small Finance Bank. The stock call comes with a target price of Rs 620, implying a 7.8% upside from Wednesday’s closing price. The stop loss for the buy is Rs 560.
Nineteen out of 29 analysts tracking the bank have a ‘buy’ rating on the stock, four recommend a ‘hold’ and six suggest a ‘sell’, according to Bloomberg data. The 12-month analysts’ consensus target price on the stock is Rs 693, implying an upside of 20.8%.
Infosys
Reliance Securities’ Vikas Jain, gives Infosys a ‘buy’ rating with a target price of Rs 1,720. This recommendation comes with a 7.5% upside from the previous closing and the stop loss for the call is Rs 1,530.
Thirty four out of 47 analysts tracking the company have a ‘buy’ rating on the stock, seven recommend a ‘hold’ and six suggest a ‘sell’, according to Bloomberg data. The 12-month analysts’ consensus target price on the stock is Rs 2,018, implying an upside of 26.2%.
Supreme Industries
Jain also recommends buying Supreme Industries Ltd. for a target price of Rs 3,650. This stock recommendation comes with a 6.8% upside against Wednesday’s closing price. The stop loss is set at Rs 3,280.
Of the 26 analysts tracking the company, 16 have a ‘buy’ rating on the stock, six recommend a ‘hold’ and four suggest a ‘sell’, according to Bloomberg data. The 12-month analysts’ consensus target price on the stock is Rs 4,477, implying an upside of 31.1%.
DMart
Kunal Rambhia, gives Avenue Supermarts a ‘buy’ call with a target price of Rs 4,150 and this stock call comes with an upside potential of 5.1%. The stop loss is set at Rs 3,900.
Twelve out of 31 analysts tracking the company have a ‘buy’ rating on the stock, nine recommend a ‘hold’ and 10 suggest a ‘sell’, according to Bloomberg data. The 12-month analysts’ consensus target price on the stock is Rs 4,057, implying an upside of 2.8%.
Godrej Consumer Products
Ravi Singh of Religare Broking recommends buying Godrej Consumer Products Ltd. with a target price of Rs 1,172. This comes with an upside potential of 3.8% and stop loss of Rs 1,100.
Of the 36 analysts tracking the company, 20 have a ‘buy’ rating on the stock, eight recommend a ‘hold’ and three suggest a ‘sell’, according to Bloomberg data. The 12-month analysts’ consensus target price on the stock is Rs 1,274, implying an upside of 12.7%.
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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