Stocks To Buy: Federal Bank, HUDCO, Jyoti CNC, SBFC Automation, Union Bank

Analysts chose most stocks from Finance services segment.

(Photo: Freepik) 

Analysts and brokerages recommended Federal Bank Ltd., Housing and Urban Development Corp., Jyoti CNC Automation Ltd., SBFC Bank Ltd., and Union Bank of India for Tuesday's trading session.

Centrum Broking Technical and Derivative Research Head and Vice President Nilesh Jain, Kushbohra.com Founder Kush Bohra, and Angel One Senior Vice President Aamar Deo Singh shared their views on the above-mentioned stocks.

To get more recommendations for stocks, click here.

Federal Bank 

Nilesh Jain recommends a buy for Federal Bank Ltd. The target price for the stock is 216, which implies a 4.8% upside from Monday's close price. The stop loss for the stock is Rs 201 apiece.

Out of 43 analysts tracking the company, 35 maintain a 'buy' rating, seven recommend a 'hold', and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 9.2%.

HUDCO 

Nilesh Jain recommended a 'Buy' for Housing and Urban Development Corp. The target price for the stock is Rs 258 apiece, which implies a 3.8% upside from Monday's close price. The stop loss for the stock is Rs 242 apiece.

Two analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 24.4%.

Jyoti CNC Automation 

Bohra recommended a 'Buy' for the stock. The target price for the counter is Rs 1,350 apiece, which implies a 3.1% upside from Monday's closing price. The stop loss for the stock is Rs 1,270 apiece.

One analyst tracking the company maintains a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.5%.

SBFC Finance 

Kush Bohra recommended a 'Buy' for the stock. The stock price for the counter is Rs 118 apiece, which implies a 3.5% upside from Monday's closing price. The stop loss for the stock is Rs 111 apiece.

Out of six analysts tracking the company, four maintain a 'buy' rating, one recommends a 'hold', and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.2%.

Union Bank 

Aamar Deo Singh recommended a 'Buy' for the stock. The target price for the stock is Rs 173 apiece, which implies a 13% upside from Monday's close price. The stop loss for the stock is Rs 137.

Out of 11 analysts tracking the company, 10 maintain a 'buy' rating, and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 4.4%.

Also Read: Stock Market Today: Nifty Closes 0.74% Lower, Sensex Slips Nearly 650 Points In Third Straight Day Of Decline

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
GET REGULAR UPDATES