Stock recommendations for Tuesday are out, with analysts advising investors to keep an eye on some promising picks. Among the highlighted stocks are Bharti Airtel Ltd., TVS Motor Co., Wipro Ltd. and DLF Ltd.
Rajesh Palviya, SVP of technical and derivatives research at Axis Securities, Ruchit Jain, vice president of equity technical research at Motilal Oswal, Shrikant Chouhan, executive VP and head equity research at Kotak Securities and Aamar Deo Singh, senior vice president of research at Angel One shared insights with NDTV Profit.
Today’s stock recommendations have a mix of defence, NBFC, and auto companies.
Bharti Airtel
Rajesh Palviya from Axis Securities has recommended buying Bharti Airtel at the current market price of Rs 1,618 apiece. The target price is Rs 1,660, with a stop loss at Rs 1,596 per share. This recommendation indicates a potential upside of 2.6% from the current levels.
Of the 51 analysts tracking Bharti Airtel, 29 have a 'buy' rating on the stock, four recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target of Rs 1,802 implies a potential upside of 11%.
Manappuram Finance
Palviya has recommended buying Manappuram Finance at the current market price of Rs 191 apiece. The target price is Rs 200-204, with a stop loss at Rs 186. This recommendation indicates a potential upside of 6.8% from the current levels.
Of the 16 analysts tracking Manappuram Finance, eight have a 'buy' rating on the stock, six recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target of Rs 188 implies a potential upside of 1.5%.
Hindustan Aeronautics
Ruchit Jain from Motilal Oswal has recommended buying HAL at the current market price of Rs 3,599 apiece. The target price is Rs 3,780, with a stop loss at Rs 3,490. This recommendation indicates a potential upside of 5% from the current levels.
Of the 16 analysts tracking HAL, 15 have a 'buy' rating on the stock and one suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target of Rs 5,267 implies a potential upside of 45%.
TVS Motor
Shrikant Chouhan from Kotak Securities has recommended buying TVS Motor at the current market price of Rs 3,599 apiece. The target price is Rs 2,400-2,500, with a stop loss at Rs 2,290. This recommendation indicates a potential upside of 7% from the current levels.
Of the 42 analysts tracking TVS Motor, 22 have a 'buy' rating on the stock, 10 recommend a 'hold' and 10 suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target of Rs 2,638 implies a potential upside of 7.6%.
DLF
Aamar Deo Singh from Angel One has recommended buying DLF at the current market price of Rs 710 apiece. The target price is Rs 753, with a stop loss at Rs 687. This recommendation indicates a potential upside of 6% from the current levels.
Of the 20 analysts tracking TVS Motor, 18 have a 'buy' rating on the stock, one recommend a 'hold' and one suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target of Rs 967 implies a potential upside of 33%.
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.
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