Stock market experts have recommended five stocks for trade that promise returns for investors. The suggestions come from Nilesh Jain, Head AVP, Technical & Derivatives Research (Equity Research), Centrum Broking Ltd. and Akshay P Bhagwat, senior VP, JM Financial.
They have recommended Container Corporation of India Ltd, TVS Motor Company Ltd., Tech Mahindra Ltd., Larsen and Toubro Ltd., and Reliance Industries Ltd. The experts have given a specific target price and stop loss price for the stock.
Jain suggests buying Container Corp at the current market level with a target price of Rs 600 and a stop loss at Rs 569. Out of 20 analysts tracking the company, 11 maintain a 'buy' rating, three recommend a 'hold,' and six suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.9%
Another stock that Jain suggests is TVS Motor at the current market level with a target price of Rs 2,875 and a stop loss at Rs 3,000. Out of 51 analysts tracking the company, 23 maintain a 'buy' rating, 10 recommend a 'hold,' and eight suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 1.2%
The third stock recommendation from Jain is Tech Mahindra at the current market level with a target price of Rs 1,451 and a stop loss at Rs 1,525. Out of 46 analysts tracking the company, 21 maintain a 'buy' rating, Eight recommend a 'hold,' and 17 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 11.4%
Bhagwat suggests buying Larsen and Toubro at the current market level with a target price of Rs 3,732 and a stop loss at Rs 3,557. Out of 33 analysts tracking the company, 28 maintain a 'buy' rating, four recommend a 'hold,' and one suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 11.8%
He also suggests buying Reliance Industries at the current market level with a target price of Rs 1,431 and a stop loss at Rs 1,387. Out of 36 analysts tracking the company, 33 maintain a 'buy' rating, one recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 17.1%
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