Market analysts have recommended five shares for investors and traders, including Hindustan Zinc, Siemens, Muthoot Finance, Steel Authority of India and Engineers India. The suggested trading strategies include entry levels, price targets for upside potential and stop-loss limits to manage downside risk.
Hindustan Zinc Ltd. (CMP: Rs 608.00)
Vaishali Parekh, Vice-President of Technical Research at PL Capital, has recommended buying Hindustan Zinc shares at Rs 603, with a stop-loss at Rs 585 and a target price of Rs 640. The target indicates a potential upside of around 6.1% from the recommended entry price.
Siemens Ltd. (CMP: Rs 4,098)
Amit Goel, CMT, SEBI-registered research analyst and Partner and Co-Founder of Blue Oak Wealth, has advised buying Siemens shares at Rs 4,114. Goel has placed the stop-loss at Rs 3,853 and set a target price of Rs 4,375. The target implies a potential gain of approximately 6.3% from the suggested buying price.
Muthoot Finance Ltd. (CMP: Rs 3,199.80)
Goel has also recommended buying Muthoot Finance shares at Rs 3,209, with a stop-loss at Rs 3,050 and a target of Rs 3,411. The target suggests an upside potential of about 6.3% from the recommended entry level.
Steel Authority of India Ltd. (SAIL) (CMP: Rs 179.05)
Gaurav Sharma, Associate Vice-President and Head of Research at Globe Capital, has given a ‘buy' recommendation on Steel Authority of India Ltd., or SAIL, at Rs 179. Sharma has suggested keeping a stop-loss at Rs 175 and set the target at Rs 192. This represents a potential upside of around 7.3% from the recommended buying level.
Engineers India Ltd. (CMP: Rs 256)
Sharma has also recommended buying Engineers India shares at Rs 253, with a stop-loss at Rs 246 and a target price of Rs 265. The target implies a potential upside of approximately 4.7 % from the suggested entry price.
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