Analysts have advised investors to buy Axis Bank Ltd., The Indian Hotels Co., Gala Precision Engineering Ltd., Bajaj Finance Ltd. and Aditya Birla Fashion and Retail Ltd., among other stocks.
Kunal Rambhia, Founder, The Street, Aditya Agarwala, Head of Research And Investments, Invest4edu and Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher, shared their insights with NDTV Profit.
These stocks can see upsides of up to 12%.
Gala Precision
Among the calls mentioned, Gala Precision's target price by Rambhia implies the highest return of 12%. He has recommended buying the stock with a target of Rs 1,125 and a stop loss of Rs 1,020.
Since its listing in September last year, the stock has risen by 49% so far.
Aditya Birla Fashion
Agarwala has suggested buying this stock at the current price with a target price of Rs 305 and a stop loss of Rs 270. The stock has risen by 13% in the last 12 months and by 0.93% so far this year. Its relative strength index is at 59.
The 12-month consensus target is Rs 311, offering an expected upside of 9.8%.
Bajaj Finance
According to Agarwala, the stock is a 'buy' at the current level with a target price of Rs 8,450 and a stop loss at Rs 7,780. It has gained 17% in the last 12 months. The stock’s relative strength index stands at 63.
As per Bloomberg data, 37 analysts cover the stock, with 27 assigning a 'buy' rating, five a 'hold,' and five a 'sell.' The 12-month consensus target is Rs 8,590, offering an expected upside of 7.4%.
Indian Hotels
Parekh recommends purchasing the stock at Rs 801 with a target of Rs 830 and a stop loss at Rs 780. Over the past year, the stock has moved 60.29%. Its relative strength index is currently at 45.
As per Bloomberg data, 22 analysts cover the stock, with 13 assigning a 'buy' rating, six a 'hold,' and three a 'sell.' The 12-month consensus target is Rs 842.9, offering an expected upside of 5.2%.
Axis Bank
Parekh advises buying the stock at Rs 996, targeting Rs 1,025 with a stop loss at Rs 980. The stock has fallen 6.4% in the past 12 months. The relative strength index is recorded at 44.81.
Bloomberg data indicates 49 analysts cover the stock, with 40 giving it a 'buy,' and nine a 'hold'. Analysts' consensus for the next 12 months sets the target at Rs 1,289, suggesting an upside of 29%.
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