Stocks To Buy: Bajaj Finserv, Britannia Industries, Grasim Industries, DMart, Hindalco Industries
Analysts chose stocks from mostly consumer space for Wednesday. Stocks in finance and mining also featured.
Brokerages chose Bajaj Finserv Ltd., Britannia Industries Ltd., Grasim Industries Ltd., Avenue Supermarts Ltd., and Hindalco Industries Ltd. for Wednesday's recommendations.
Axis Securities Technical and Derivatives Research Senior Vice President Rajesh Palviya, The Street Founder Kunal Rambhia, and Adlytick.Com Founder And Multi Asset Research Analyst Aditya Arora shared their views on the above mentioned counters.
Bajaj Finserv
Axis Securities Technical and Derivatives Research Senior Vice President Rajesh Palviya gave a 'Buy' recommendation to Bajaj Finserv Ltd. The target price for the counter is Rs 1,990, which implies a 2.82% upside from Tuesday's closing price.
Out of 12 analysts tracking the company, eight maintain a 'buy' rating, two recommend a 'hold,' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 1.0%.
Britannia Industries
The Street Founder Kunal Rambhia recommended 'Buy' for Britannia Industries Ltd. The target price for the counter is Rs 5,050 apiece, which implies 4.23% upside from Tuesday's closing.
Out of 38 analysts tracking the company, 22 maintain a 'buy' rating, 10 recommend a 'hold,' and six suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 9.2%.
DMart
Avenue Supermarts Ltd. got a 'Buy' recommendation from Palviya. The target price for the counter is Rs 4,060, which implies a 1.8% upside from Tuesday's closing price.
Out of 31 analysts tracking the company, 12 maintain a 'buy' rating, nine recommend a 'hold,' and 10 suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 1.5%
Grasim Industries
Grasim Industries Ltd. got a 'Buy' recommendation from Rambhia. The target price for the stock is Rs 2,750, which implies a 7.02% upside from Tuesday's closing price.
Out of nine analysts tracking the company, six maintain a 'buy' rating, two recommend a 'hold,' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 13.1%.
Hindalco Industries
Hindalco Industries got a 'Buy' recommendation from Adlytick.Com Founder and Multi Asset Research Analyst Aditya Arora. The target price for the scrip is Rs 706, which implies a 2.02% upside from Tuesday's closing price.
Out of 30 analysts tracking the company, 27 maintain a 'buy' rating, and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.6%.
