For Thursday’s trading session, experts Brijesh Ail, Head – Technical and Derivatives, Retail Research at IDBI Cap, and Chandan Taparia, Head- Technical & Derivatives Research at MOFSL, have suggested several promising stocks.
Their recommendations include Lemon Tree Hotels, Astral Limited, Container Corporation of India, Aditya Birla Capital, BPCL, and TVS Motor Company.
Below, we provide a brief overview of each company.
Lemon Tree Hotels
Ail suggests buying Lemon Tree Hotels at Rs 140 with a price target of Rs 155 and a stop loss of Rs 135.
Lemon Tree Hotels Ltd. is one of the largest hotel chains in India, catering to the mid-market segment. The company operates a diverse portfolio of hotels across various segments, including upscale, upper-midscale, midscale, and economy.
Out of 22 analysts tracking the company, 20 maintain a ‘buy’ rating, one recommends a ‘hold,’ and one suggests ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 22.9%
Astral
Astral Ltd is another stock recommended by Ail. It has a target price of Rs 1,390 and the buying price of the stock is suggested to be Rs 1,340 and the stop loss is set at Rs 1,325.
Astral Ltd. is a leading manufacturer of building materials. The company specialises in CPVC and PVC pipes, adhesives, and bathware products.
Out of 26 analysts tracking the company, 19 maintain a ‘buy’ rating, four recommend a ‘hold,’ and three suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 28.7%.
Container Corporation of India
Ail suggests buying Container Corporation at Rs 709, with a target price of Rs 735 and a stop loss at Rs 695.
Container Corporation of India Limited (CONCOR) is a state-owned enterprise that provides logistics and transportation services. The company operates a network of inland container depots and container freight stations across India.
Out of 22 analysts tracking the company, 13 maintain a ‘buy’ rating, three recommend a ‘hold,’ and six suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 19.6%
Aditya Birla Capital
Taparia suggests buying Aditya Birla Capital at Rs 190, with a target price of Rs 210 and a stop loss at Rs 184.
Aditya Birla Capital Limited (ABCL) is the financial services arm of the Aditya Birla Group. The company offers a wide range of financial products and services, including loans, insurance, and investment solutions.
10 analysts tracking the company maintain a ‘buy’ rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 29.6%.
BPCL
Taparia suggests buying BPCL at Rs 286, with a target price of Rs 304 and a stop loss at Rs 278.
Bharat Petroleum Corporation Limited (BPCL) is a major Indian public sector oil and gas company. It operates three refineries and is involved in the production and distribution of petroleum products.
Out of 34 analysts tracking the company, 23 maintain a ‘buy’ rating, six recommend a ‘hold,’ and five suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 15.3%.
TVS Motor Company
Last stock suggestion from Taparia is TVS Motor which can be bought at Rs 2,496, with a target price of Rs 2,620 and a stop loss at Rs 2,420.
TVS Motor Company is a leading Indian multinational motorcycle manufacturer. The company produces a wide range of two-wheelers and three-wheelers and is the third-largest motorcycle company in India by revenue.
Out of 42 analysts tracking the company, 25 maintain a ‘buy’ rating, seven recommend a ‘hold,’ and 10 suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 5.1%.
. Read more on Markets by NDTV Profit.The recommendations include Lemon Tree Hotels, Astral Limited, Container Corporation of India, Aditya Birla Capital, BPCL, and TVS Motor Company. Read MoreMarkets, Business
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