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Five Stocks To Buy Today: Data Patterns, IREDA, CDSL, LT Foods, Zomato

Analysts share their calls on major players in the stock markets today.

stocks to buy today
Analysts have buy calls on Data Patterns, IREDA, CDSL, LT Foods, Zomato today. (Photo source: Envato)

Analysts have big names on their radar today, including Data Patterns (India) Ltd., Indian Renewable Energy Development Agency Ltd., Central Depository Services (India) Ltd., LT Foods Ltd., and Zomato Ltd. Some of these stocks have delivered over 244% returns in the last year.

Amit Goel, the founder of Amit Ventures, Sudeep Shah, deputy vice-president and head of tech and derivatives research at SBICAP Securities Ltd., and Brijesh Singh, senior technical analyst at Opulent Investment Advisers Pvt. share their stock calls for today.

Data Patterns (India)

Data Patterns (India) received a 'buy' call at Rs 2,668 per share from Goel. The analyst recommends a target of Rs 2,982 per share on the stock, with stop loss pegged at Rs 2,354.

The stock has returned 30.20% in the past 12 months and 40.55% in the year-to-date. Relative strength index of the stock stood at 68.81.

Of the nine analysts tracking the stock, six recommend 'buy', two suggest 'hold' and one suggests 'sell', according to Bloomberg data. The consensus 12-month analysts' price target is Rs 2,717.43, implying a potential upside of 1.8%.

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Indian Renewable Energy Development Agency (IREDA)

Goel recommends 'buy' on IREDA stock at Rs 217 apiece, with a target of Rs 237 per share, and stop loss at Rs 197.

The stock has risen 244.20% in the past 12 months and 109.68% year-to-date. RSI for the counter stood at 62.38.

Of the two analysts tracking the stock, one recommends 'buy' and one suggests 'sell'. The consensus 12-month analysts' price target is Rs 280, implying a potential upside of 29%.

Central Depository Services (India)

CDSL has a 'buy' recommendation at Rs 1,718 from Brijesh Singh of Opulent Investment Advisers, with target price of Rs 1,830 per share and stop loss of Rs 1,680 per share.

The stock has risen 79.15% over the past year, and 89.03% year-to-date. The RSI of the stock stood at 69.57.

Of the nine analysts tracking the stock, two recommend 'buy', five suggest 'hold', and two 'sell'. The consensus 12-month analysts' price target is Rs 1,448.22 per share, implying a potential downside of 15.7%.

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LT Foods

LT Foods Ltd. has a 'buy' call at Rs 420 from Sudeep Shah of SBICAP Securities. The analyst recommends buying the stock with a target price of Rs 445 and stop loss of Rs 410 apiece.

The stock has risen 84.25% in the past 12 months and 107.58% on year-to-date basis. The RSI for the counter is 66.25.

Of the analysts tracking the stock, two recommend 'buy'. The 12-month analysts' consensus price target is Rs 498.50, implying a potential upside of 18.6%.

Zomato

Zomato Ltd. has a 'buy' call at Rs 286 from Shah, who recommends a target of Rs 302, with stop loss marked at Rs 278.

The counter has yielded 145.18% returns in the past 12 months, and 122.42% year-to-date. RSI for the stock stood at 62.04.

Of the 26 analysts tracking the stock, 24 recommend 'buy', and two 'sell'. The 12-month analysts' consensus price target is Rs 301.54, implying a potential upside of 5.3%.

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