Analysts have advised investors to buy Shriram Finance Ltd., Protean eGov Technologies Ltd., Bandhan Bank Ltd., Coal India Ltd. and JSW Energy Ltd. among other stocks.
Vaishali Parekh, vice president, technical research, Prabhudas Lilladher, Nilesh Jain, head VP- technical and derivatives research, (equity research), Centrum Broking Ltd., and Brijesh Ail, retail research, IDBI Capital, shared their insights with NDTV Profit.
These stocks could see potential upsides of up to 6.5%.
Shriram Finance
Parekh recommends purchasing Shriram Finance at Rs 616, with a target of Rs 630 and a stop loss of Rs 595. Over the past year, the stock has risen 25.96%. Its relative strength index was at 48.
Protean eGov Technologies
Parekh also recommended buying Protean eGov Technologies stock at Rs 1,313, with a target of Rs 1,400 and a stop loss at Rs 1,280. In the last 12 months, the stock has risen 18%. Its relative strength index was at 35.
Bandhan Bank
According to Jain, the stock is a ‘buy’ at the current level, with a target price of Rs 147 and a stop loss at Rs 137.5. It has fallen 29.35% in the last 12 months. The stock’s relative strength index stands at 50.
Coal India
Jain advised buying the stock at Rs 369.3, targeting Rs 382 with a stop loss at Rs 362. The stock has fallen by 17.25% in the last 12 months. The relative strength index was at 30.
JSW Energy
Ail recommends purchasing the stock with a target of Rs 480 per share and stop loss at Rs 451. Over the past year, the stock has fallen 7.85%. Its relative strength index was at 43.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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