Analysts have shared ‘buy’ calls on companies including Mahindra & Mahindra Ltd., Tata Motors Ltd., Jubilant FoodWorks Ltd., Muthoot Finance Ltd. and Reliance Infrastructure Ltd.
As per the stock calls shared with NDTV Profit, some of these companies could see upside of as much as 5.5% in the near term from current levels. Some of them have already yielded as much as nearly 86% in the past 12 months.
Here are the top stocks to buy as per Brijesh Singh, a senior technical analyst at Opulent Investment Adviser Pvt. Ltd.; Swati Hotkar, AVP Technical Research at Nirmal Bang; Amit Goel, CMT, SEBI RA, founder of Amit Ventures; and Brijesh Ail, retail researcher at IDBI Capital.
M&M
Ail recommends buying the stock at Rs 3,082 with a target price of Rs 3,200 and a stop loss at Rs 3,028. Over the past 12 months, the stock has gained 86.09%. The relative strength index is at 58.09.
According to Bloomberg, 42 analysts are tracking the stock: 37 rate it a ‘buy,’ four recommend ‘hold,’ and one suggests ‘sell.’ The consensus 12-month target price is Rs 3401.37, indicating a potential upside of 10.4%.
Tata Motors
Hotkar has suggested buying this stock with a target price of Rs 790 and a stop loss of Rs 730. The stock has fallen by 4.48% in the last 12 months. Its relative strength index is at 41.83.
As per Bloomberg data, 36 analysts are covering the stock, with 22 assigning a ‘buy’ rating, nine recommending ‘hold,’ and five suggesting ‘sell.’ The 12-month consensus target is Rs 957.42, offering an expected upside of 27.8%.
Jubilant FoodWorks
According to Hotkar, the stock is a ‘buy’, with a target price of Rs 780 and a stop loss at Rs 720. It has gained 32.33% in the last 12 months. The stock’s relative strength index stands at 73.58.
Bloomberg shows that 31 analysts are covering the stock: 13 recommend ‘buy,’ 10 suggest ‘hold,’ and eight recommend ‘sell.’ The consensus 12-month target price of Rs 618.73 implies a potential downside of 16.3%.
Muthoot Finance
Singh recommends purchasing the stock at Rs 2,200 with a target of Rs 2,325 and a stop loss at Rs 2,140. Over the past year, the stock has risen 52.27%. Its relative strength index is currently at 71.92.
Of the 24 analysts tracking the stock as per Bloomberg, 18 recommend a ‘buy,’ four suggest ‘hold,’ and two advocate ‘sell.’ The consensus target for the next 12 months is Rs 2,087.62, implying a potential loss of 5.8%.
Reliance Infrastructure
Goel advises buying the stock at Rs 319, targeting Rs 335 with a stop loss at Rs 303. The stock has shown a 53.50% uptick in the past 12 months. The relative strength index is 66.40.
. Read more on Markets by NDTV Profit.Here are all the top ‘buy’ calls from analysts you need to know about on Thursday. Read MoreMarkets, Business, Notifications
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