Five Stocks To Buy Today: Zomato, Devyani, Granules, Supreme Industries And Godrej Properties

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

Five Stocks To Buy Today: Zomato, Devyani, Granules, Supreme Industries And Godrej Properties.

Description: Currency exchange data charts (Source: Envato)

Analysts have ‘buy’ calls for Zomato Ltd., Devyani International Ltd., Granules India Ltd., Supreme Industries Ltd. and Godrej Properties Ltd.

The stock calls came from Rajesh Palviya, SVP - Technical and Derivatives Research, Axis Securities, Aditya Arora, Founder and Multi Asset Research Analyst, Adlytick.in and Aditya Agarwala, Head of Research And Investments, Invest4edu.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Dec. 18

Zomato

Palviya recommends buying the stock at Rs 296 with a target price of Rs 303 and a stop loss at Rs 291. Over the past 12 months, the stock has gained 130%, while its year-to-date performance stands at 139%. The relative strength index is at 61.

According to Bloomberg, 26 analysts track the stock: 24 rate it a 'buy,' and two a 'sell.' The consensus 12-month target price is Rs 303.46, indicating a potential upside of 2.2%.

Also Read: Trade Setup For Dec. 18: Nifty Support At 24,180 After Tuesday's Drubbing

Devyani International

Arora has suggested buying this stock at Rs 171.05 with a target price of Rs 178 and a stop loss of Rs 163. The stock has fallen by 6.5% in the last 12 months and by 11% so far this year. Its relative strength index is at 53.

As per Bloomberg data, 26 analysts cover the stock, with 17 assigning a 'buy' rating, two a 'hold,' and six a 'sell.' The 12-month consensus target is Rs 185.75, offering an expected upside of 8.6%.

Granules India

According to Arora, the stock is a 'buy' at Rs 590, with a target price of Rs 610 and a stop loss at Rs 570. It has gained 46% in the last 12 months and 45% year-to-date. The stock’s relative strength index stands at 55.

Bloomberg shows that seven analysts cover the stock: all seven rate it 'buy'. The consensus 12-month target price of Rs 660.7 implies a potential upside of 12%.

Supreme Industries

Agarwala recommends purchasing the stock at Rs 4,902.4 with a target of Rs 5,260 and a stop loss at Rs 4,820. Over the past year, the stock has moved 11%, and in the year-to-date period, it has gained 9.3%. Its relative strength index is currently at 59.

Of the 26 analysts tracking the stock as per Bloomberg, 16 recommend a 'buy,' six suggest 'hold,' and four advocates 'sell.' The consensus target for the next 12 months is Rs 5,219.8, implying a potential gain of 5%.

Godrej Properties

Agarwala advises buying the stock at Rs 2,969.65, targeting Rs 3,300 with a stop loss at Rs 2,830. The stock has shown a 50% change in the past 12 months and 48% year-to-date. The relative strength index is recorded at 60.

Bloomberg data indicates 20 analysts cover the stock, with 16 giving it a 'buy,' one a 'hold,' and three a 'sell.' Analysts' consensus for the next 12 months sets the target at Rs 3,432, suggesting an upside of 14.7%.

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WRITTEN BY
Sai Aravindh
Sai Aravindh is a desk writer at NDTV Profit, where he covers business and ... more
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