Analysts have shared 'buy' calls on shares of Voltas Ltd., Tech Mahindra Ltd., Coal India Ltd., State Bank of India and Jindal Stainless Ltd.
The stock calls came from Ajit Mishra, SVP-research of Religare Broking, Akshay P Bhagwat, senior vice president at JM Financial and Vaishali Parekh, vice president of technical research at Prabhudas Lilladher Pvt.
Voltas
According to Mishra, the stock should be bought at Rs 1,721, with a target price of Rs 1,830 and stop loss of Rs 1,668. The stock has delivered returns of 105.45% in the past 12 months and 75.94% in the year to date period. Relative strength index of the stock stands at 52.11.
Of the 39 analysts tracking the stock, 19 maintain a 'buy', 11 suggest a 'hold' and nine recommend 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,800.05, implying an upside of 4.6%.
Tech Mahindra
Mishra recommends to buy shares of the tech company at Rs 1,746 with a target price of Rs 1,830 and a stop loss of Rs 1,704. The stock has seen returns of 42.83% in the past 12 months and 37.31% in the year-to-date period. Relative strength index of the stock stands at 58.25.
Of the 46 analysts tracking the stock, 22 maintain a 'buy', 10 suggest a 'hold' and 14 recommend 'sell'. The 12-month analysts' consensus target price on the stock is Rs 1,662.75, implying a downside of 5.5%.
Coal India
Bhagwat recommends buying the coal miners' shares at a target price range of Rs 434 to 442 apiece and a stop loss at Rs 412. The stock has given returns of 19.28% in the past 12 months and 12.53% in the year to date period. Relative strength index of the stock stands at 43.45.
Of the 25 analysts tracking the stock, 20 maintain a 'buy', three suggest a 'hold' and two recommend 'sell'. The 12-month analysts' consensus target price on the stock is Rs 536, implying an upside of 26.1%.
State Bank Of India
Buy the shares at Rs 836.4 apiece, with a target price of Rs 872 and a stop loss of Rs 818, recommends Mishra. The stock has delivered returns of 42.19% in the past 12 months and 31.77% in the year to date period. Relative strength index of the stock stands at 57.52.
Of the 50 analysts tracking the stock, 39 suggest a 'buy', six maintain a 'hold' and five suggest a 'sell'. The 12-month analysts' consensus target price on the stock is Rs 967.96, implying an upside of 15.5%.
Jindal Stainless
Parekh recommends buying the company's shares at Rs 694 with a target price of Rs 720 and a stop loss at Rs 683. The stock has seen returns of 36.50% in the past 12 months and 24.95% in the year to date period. Relative strength index of the stock stands at 56.63.
Of the 11 analysts tracking the stock, 10 maintain a 'buy' and one suggests a 'hold'. The 12-month analysts' consensus target price on the stock is Rs 868, implying an upside of 24%.
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