Analysts have shared ‘buy’ calls on shares of Graphite India Ltd., NMDC India Ltd., Tata Motors Ltd., Hindustan Construction Co. and Union Bank of India.
The stock calls came from Aamar Deo Singh, senior vice president of research at Angel One Ltd., Kunal Rambhia, founder of The Street and Amit Goel, chartered market technician, SEBI research analyst and founder of Amit Ventures.
Graphite India
According to Goel, the stock should be bought at Rs 570, with a target price of Rs 640 and stop loss of Rs 500. The stock has delivered returns of 8.3% in the past 12 months and 3.63% in the year-to-date period. Relative strength index of the stock stands at 68.33.
Of the three analysts tracking the stock, two maintain a ‘buy’ and one suggests a ‘hold’, according to Bloomberg data. The 12-month analysts’ consensus target price on the stock is Rs 719.32, implying an upside of 26.2%.
NMDC
Singh recommended buying shares of the iron ore company at Rs 235, with a target price of Rs 258 and a stop loss of Rs 223. The stock has seen returns of 28.05% in the past 12 months and 12.42% in the year-to-date period. Relative strength index of the stock stands at 59.98.
Of the 22 analysts tracking the stock, 13 maintain a ‘buy’, three suggest a ‘hold’ and six recommend ‘sell’. The 12-month analysts’ consensus target price on the stock is Rs 243.21, implying an upside of 3.2%.
Tata Motors
Singh recommends buying the auto company’s shares at Rs 800 with a target price range of Rs 876 apiece and a stop loss at Rs 757. The stock has given returns of 13.56% in the past 12 months and 3.05% in the year-to-date period. Relative strength index of the stock stands at 43.37.
Of the 36 analysts tracking the stock, 21 maintain a ‘buy’, 10 suggest a ‘hold’ and five recommend ‘sell’. The 12-month analysts’ consensus target price on the stock is Rs 966.56, implying an upside of 20.6%.
Union Bank Of India
Buy the shares at Rs 125 apiece, with a target price of Rs 137 and a stop loss of Rs 119, recommended Singh. The stock has delivered returns of 10.39% in the past 12 months and 5.84% year-to-date. Relative strength index of the stock stands at 65.50.
Of the 11 analysts tracking the stock, nine suggest a ‘buy’, one maintains a ‘hold’ and one suggests a ‘sell’. The 12-month analysts’ consensus target price on the stock is Rs 145.75, implying an upside of 15.6%.
Hindustan Construction Company
Rambhia recommends buying the company’s shares at a target price of Rs 50 and a stop loss at Rs 43 apiece. The stock has seen returns of 77.83% in the past 12 months and 84.67% in the year-to-date period. Relative strength index of the stock stands at 70.29.
The one analyst tracking the stock, has a ‘buy’ rating, according to Bloomberg data. The 12-month analysts’ target price on the stock is Rs 45.81.
. Read more on Markets by NDTV Profit.Here are all the top ‘buy’ calls from analysts you need to know about on Wednesday. Read MoreMarkets, Business, Notifications
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