Five Stocks To Buy Today: JSW Steel, Ashok Leyland, Crompton, Among Others

JSW Steel Ltd., Ashok Leyland Ltd., Crompton Greaves Consumer Electricals Ltd., Birlasoft Ltd., and United Spirits Ltd. have 'buy' recommendations from analysts on Thursday.

Gaurav Sharma, associate VP and head of research (equity, commodity and currency) at Globe Capital, and Aditya Agarwala, head of research and investments at Invest4edu, have provided their insights and target levels for these stocks.

Sharma recommends buying JSW Steel at the current market price, with a stop loss at Rs 985 and a target price of Rs 1,120. Out of 34 analysts tracking the company, 19 maintain a 'buy' rating, five recommend a 'hold' and 10 suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 2.4%.

Agarwala suggests buying Ashok Leyland with a target price of Rs 255 and a stop loss at Rs 240. Out of 44 analysts tracking the company, 34 maintain a 'buy' rating, seven recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.1%.

He also recommended buying Crompton with a target price of Rs 375 and a stop loss at Rs 345. Out of 39 analysts tracking the company, 36 maintain a 'buy' rating, two recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 20.4%.

Sharma advised buying Birlasoft at the current market price with a stop loss at Rs 430 and a target of Rs 480. Out of 16 analysts tracking the company, six maintain a 'buy' rating, seven recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 5.3%.

Sharma also recommended buying United Spirits at current market price with a stop loss at Rs 1,420 and a target of Rs 1,580. Out of 25 analysts tracking the company, 16 maintain a 'buy' rating, three recommend a 'hold' and six suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 12.7%.

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