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%.
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%.
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%.
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%.
RECOMMENDED FOR YOU

Five Stocks To Buy: Cartrade Tech, Cipla, Vijay Diagnostic Centre, Fortis Healthcare, Dabur India


JSW Steel Q1 Results Review: Citi, CLSA Remain Cautious After Earnings, But Hike Target Price — Here's Why


Five Stocks To Buy Today: SAIL, Tata Steel, Bajaj Finance And Two Others


Polycab Shares Get Target Price Upgrades After Q1 — Analysts Upbeat On Execution, Market Share Gain
