Five Stocks To Buy Today: SAIL, Kalyan Jewellers, APL Apollo Tubes, Mphasis And Castrol

Here are all the top 'buy' calls from analysts you need to know about on Tuesday.

Five Stocks To Buy Today: SAIL, Kalyan Jewellers, APL Apollo Tubes, Mphasis And Castrol (Representative image. Photo source: Envato)

Analysts have 'buy' calls on shares of Castrol India Ltd., Steel Authority of India Ltd., Kalyan Jewellers Ltd., APL Apollo Tubes Ltd. and Mphasis Ltd.

The stock calls came from Avani Bhatt, senior vice president and derivative research analyst at JM Financial Services, Osho Krishan, senior research analyst for technicals and derivatives at Angel One Ltd. and Aditya Agarwala, the head of research and investments at Invest4edu.

Castrol India

According to Krishan, the stock should be bought between Rs 220 and 215, with a target price of Rs 248-250 and stop loss of Rs 200. The stock has delivered returns of 58.51% in the past 12 months and 23.94% in the year-to-date period. Relative strength index of the stock stands at 61.53.

One out of the four analysts tracking the stock has a 'buy' rating on the stock, two suggest a 'hold' and one suggests a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 234.25, implying an upside of 5.1%.

Also Read: Stock Market Today: Nifty, Sensex End Muted After Two–Day Fall; RIL, Bharti Airtel Share Prices Drag

SAIL

Bhatt recommended buying shares of the steel manufacturer at Rs 125, with a target price of Rs 140 and a stop loss of Rs 120 . The stock has seen returns of 25.13% in the past 12 months and 2.01% in the year-to-date period. Relative strength index of the stock stands at 64.77.

Of the 28 analysts tracking Steel Authority of India, two have a 'buy' rating on the stock, eight recommend a 'hold' and 18 suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 111.92, implying a downside of 11.3%.

Kalyan Jewellers

Agarwala recommended buying the company's shares at a target price of Rs 850 and a stop loss of Rs 740. The stock has seen returns of 143.66% in the past 12 months and 118.99% in the year-to-date period. Relative strength index of the stock stands at 69.75.

All eight analysts tracking the stock have a 'buy' rating on it, according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 765, implying a downside of 1.3%.

Also Read: Stocks To Watch: JSW Steel, Vodafone Idea, Insurance Companies, Bharat Forge, NHPC

APL Apollo Tubes

Agarwala recommended buying the steel tubes and pipes manufacturing company's shares at a target price of Rs 1,700 apiece and a stop loss at Rs 1,560. The stock has fallen 1.42% in the past 12 months and risen 5.19% in the year-to-date period. Relative strength index of the stock stands at 66.81.

Thirteen out of the 19 analysts tracking the stock have a 'buy' rating on the stock, four recommend a 'hold' and two suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,670.56, implying a upside of 3.3%.

Also Read: Bharti Airtel Gets 'Outperform', Target Price Hike From CLSA

Mphasis

Agarwala recommends buying the company's shares at a target price of Rs 3,250 per share and a stop loss at Rs 3,040 apiece. The stock has seen returns of 27.59% in the past 12 months and 13.32% in the year-to-date period. Relative strength index of the stock stands at 64.28.

Of the 36 analysts tracking Mphasis, 15 have a 'buy' rating on the stock, 11 recommend a 'hold' and 10 suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 3,177.74, implying an upside of 2.4%.

Also Read: Trade Setup For Dec. 10: Nifty 50 Faces Resistance At 24,750–24,800 Levels

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WRITTEN BY
Neha Aravind
Neha Aravind is a desk writer at NDTV Profit, who covers business and marke... more
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