Stocks To Buy: Muthoot Finance, IRCTC, IndiGo And More

These stock calls have the potential to generate upsides of up to 6.6%, according to analysts.

Analysts recommend 'buy' for stocks like Muthoot Finance, IRCTC, IndiGo for trade today (Image source: Freepik)

Analysts recommend 'buy' for stocks like Muthoot Finance, IRCTC, IndiGo for trade today.

Aditya Arora, founder of Adlytick.in, Aditya Agarwala, head of research and investments at Invest4edu and Ajit Mishra, senior vice president of research at Religare Broking, have shared their insights with NDTV Profit.

These stock calls have the potential to generate upsides of up to 6.6%, according to analysts. Here is a list of stocks that offer promising opportunities for growth, according to insights by these experts.

IRCTC

Aditya Agarwala recommends buying IRCTC for a target price of Rs 775. This implies a 6.6% upside which is the highest among the lot. The stop loss for the 'buy' call is set at Rs 700.

Five out of the nine analysts tracking the company have a 'buy' rating on the stock, one recommends a 'hold' and three suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 810, implying an upside of 11.5%.

Nykaa

Aditya Arora gives Nykaa a 'buy' rating with a target price set at Rs 190. This implies a 6.1% upside from its previous closing price. The stop loss is set at Rs 173.

Fifteen out of the 25 analysts tracking the company have a 'buy' rating on the stock, three recommend a 'hold' and seven suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 182, implying an upside of 1.9%.

Muthoot Finance

Agarwala recommends buying Muthoot Finance for a target price of Rs 2,520. This buy call implies a 5.7% upside compared to the previous close. The stop loss is set at Rs 2,300.

Twenty out of the 26 analysts tracking the company have a 'buy' rating on the stock and six recommend a 'hold,' according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 2,500, implying an upside of 4.9%.

IndiGo

Ajit Mishra gives InterGlobe Aviation Ltd. a 'buy' call with the target price set at Rs 5,380. The recommendation comes with a 5.1% upside from its previous close. The stop loss for the call is Rs 4,940.

Eighteen out of the 23 analysts tracking the company have a 'buy' rating on the stock, three recommend a 'hold' and two suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 5,270, implying an upside of 3%.

Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision

Also Read: Stock Market Today: Nifty, Sensex Extend Losses To Second Consecutive Session As HDFC Bank Share Price Drag

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Ann Jacob
Ann Jacob tracks markets with a special focus on personal finance. She clos... more
GET REGULAR UPDATES