Analysts and brokerages recommended Federal Bank Ltd., Housing and Urban Development Corp., Jyoti CNC Automation Ltd., SBFC Bank Ltd., and Union Bank of India for Tuesday's trading session.
Centrum Broking Technical and Derivative Research Head and Vice President Nilesh Jain, Kushbohra.com Founder Kush Bohra, and Angel One Senior Vice President Aamar Deo Singh shared their views on the above-mentioned stocks.
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Federal Bank
Nilesh Jain recommends a buy for Federal Bank Ltd. The target price for the stock is 216, which implies a 4.8% upside from Monday's close price. The stop loss for the stock is Rs 201 apiece.
Out of 43 analysts tracking the company, 35 maintain a 'buy' rating, seven recommend a 'hold', and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 9.2%.
HUDCO
Nilesh Jain recommended a 'Buy' for Housing and Urban Development Corp. The target price for the stock is Rs 258 apiece, which implies a 3.8% upside from Monday's close price. The stop loss for the stock is Rs 242 apiece.
Two analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 24.4%.
Jyoti CNC Automation
Bohra recommended a 'Buy' for the stock. The target price for the counter is Rs 1,350 apiece, which implies a 3.1% upside from Monday's closing price. The stop loss for the stock is Rs 1,270 apiece.
One analyst tracking the company maintains a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.5%.
SBFC Finance
Kush Bohra recommended a 'Buy' for the stock. The stock price for the counter is Rs 118 apiece, which implies a 3.5% upside from Monday's closing price. The stop loss for the stock is Rs 111 apiece.
Out of six analysts tracking the company, four maintain a 'buy' rating, one recommends a 'hold', and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.2%.
Union Bank
Aamar Deo Singh recommended a 'Buy' for the stock. The target price for the stock is Rs 173 apiece, which implies a 13% upside from Monday's close price. The stop loss for the stock is Rs 137.
Out of 11 analysts tracking the company, 10 maintain a 'buy' rating, and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 4.4%.
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