Analysts have shared ‘buy’ calls on shares of NBCC (India) Ltd., Zomato Ltd., Shyam Metalics and Energy Ltd., Hindustan Petroleum Corp. and Larsen and Toubro Ltd.
The stock calls came from Brijesh Ail, a retail researcher at IDBI Capital, Milan Vaishnav, chartered market technician, MSTA and founder and technical analyst at Gemstone Equity Research and Bhavin Mehta, director of research and derivatives strategist at Dolat Capital.
NBCC (India) Ltd.
According to Mehta, the stock should be bought at Rs 845, with a target price of Rs 900 and stop loss of Rs 820. The stock has delivered returns of 97.62% in the past 12 months and 89.14% in the year-to-date period. Relative strength index of the stock stands at 60.34.
Of the four analysts tracking the stock, two maintain a ‘buy’ and two suggest a ‘sell’, according to Bloomberg data. The 12-month analysts’ consensus target price on the stock is Rs 133, implying an upside of 29.3%.
Zomato Ltd.
Vaishnav recommended buying shares of the food delivery major at above Rs 300, with a target price of Rs 324 and a stop loss of Rs 288. The stock has seen returns of 151.77% in the past 12 months and 142% in the year-to-date period. Relative strength index of the stock stands at 68.97.
Of the 26 analysts tracking the stock, 24 maintain a ‘buy’ and two recommend a ‘sell’. The 12-month analysts’ consensus target price on the stock is Rs 301.54, implying an upside of 0.7%.
Shyam Metalics And Energy Ltd.
Mehta recommended buying shares of the metal producing company at Rs 845, with a target price of Rs 900 and a stop loss of Rs 820. The stock has seen returns of 64.26% in the past 12 months and 34.61% in the year-to-date period. Relative strength index of the stock stands at 52.93.
Of the six analysts tracking the stock, five maintain a ‘buy’ and one recommends a ‘sell’. The 12-month analysts’ consensus target price on the stock is Rs 974.17, implying an upside of 15.3%.
Hindustan Petroleum Corp.
Ail recommends buying the city gas distributors’ shares at Rs 391, with a target price range of Rs 410 apiece and a stop loss at Rs 385. The stock has given returns of 52.95% in the past 12 months and 47.33% in the year-to-date period. Relative strength index of the stock stands at 56.48.
Of the 34 analysts tracking the stock, 19 maintain a ‘buy’, five suggest a ‘hold’ and 10 recommend ‘sell’. The 12-month analysts’ consensus target price on the stock is Rs 403.84, implying an upside of 3.1%.
Larsen & Toubro Ltd.
Vaishnav recommends buying the company’s shares at above Rs 3,830 with a target price of Rs 4,000 per share and a stop loss at Rs 3,750 apiece. The stock has seen returns of 12.95% in the past 12 months and 8.67% in the year-to-date period. Relative strength index of the stock stands at 64.97.
Of the 35 analysts tracking the stock, 31 maintain a ‘buy’, three suggest a ‘hold’ and one recommends ‘sell’. The 12-month analysts’ consensus target price on the stock is Rs 4,042, implying an upside of 5.5%.
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