Analysts chose stocks from healthcare, aviation, banking, and wealth management spaces for Tuesday’s buy calls, a day after Indian equity markets witnessed a crash.
Ahead of market open, Apollo Hospitals Enterprise Ltd., Hindustan Unilever Ltd., HDFC Bank Ltd., 360 One Wam Ltd., and InterGlobe Aviation Ltd. had buy recommendations from analysts.
Globe Capital Research (Equity, Commodity & Currency) Associate Vice President and Head Gaurav Sharma, Adlytick.in Founder and Multi Asset Research Analyst Aditya Arora, The Street Founder Kunal Rambhia, and Motilal Oswal Financial Services Ltd. Technical and Derivatives Research Head Chandan Taparia shared their views on the above mentioned counters.
Apollo Hospitals Enterprise
Globe Capital Research’s Gaurav Sharma recommended a ‘buy’ for Apollo Hospitals Enterprise Ltd. The target price for the counter is Rs 7,100, which implied a 6.23% upside from Monday’s closing price. The stop loss for the stock is Rs 6,450 apiece.
Out of 29 analysts tracking the company, 26 maintain a ‘buy’ rating, two recommend a ‘hold’ and one suggests ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 16.0%.
HUL
Hindustan Unilever Ltd. got a ‘buy’ recommendation from Aditya Arora. The target price for the counter is Rs 2,320, indicating a 3.36% upside from Monday’s close. The stop loss is Rs 2,180 apiece.
Out of 43 analysts tracking the company, 27 maintain a ‘buy’ rating, 12 recommend a ‘hold’ and four suggest ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 15.7%.
HDFC Bank
Arora also had a ‘buy’ recommendation on HDFC Bank Ltd. The target price of the Nifty-50 stock is Rs 1,800, which implied 2.4% upside from Monday’s close. The stop loss is Rs 1,720 apiece.
Out of 52 analysts tracking the company, 46 maintain a ‘buy’ rating and six recommend a ‘hold’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 14.9%.
360 One Wam
The Street Founder Kunal Rambhia recommended ‘buy’ for 360 One Wam Ltd. The target price for the scrip is Rs 910, which implied a 2.65% upside from Monday’s close. The stop loss for the counter is Rs 870 apiece.
Out of 13 analysts tracking the company, 10 maintain a ‘buy’ rating, two recommend a ‘hold’ and one suggests ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 32.8%.
IndiGo
Motilal Oswal Financial Services Ltd.’s Chandan Taparia recommends a ‘buy’ for InterGlobe Aviation Ltd. Taparia gave a target price of Rs 5,285, which implied 5.94% upside from Monday’s closing price. The stop loss is Rs 4,865 apiece.
Out of 23 analysts tracking the company, 18 maintain a ‘buy’ rating, three recommend a ‘hold’ and two suggest ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 6.7%.
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. Read more on Markets by NDTV Profit.Analysts shared their views on these counters ahead of market open on Tuesday. Read MoreMarkets, Business, Notifications
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