Five Stocks To Buy: How To Trade Manappuram Finance, HAL, Jubilant Ingrevia, Vedanta, Ashok Leyland Today

Analysts have given recommendations for companies including Manappuram Finance Ltd., Hindustan Aeronautics Ltd., Jubilant Ingrevia Ltd., Vedanta Ltd., and Ashok Leyland Ltd. As per the stock calls shared with NDTV Profit, these companies can see upside potential of as much as 18% from current levels. These stocks have already yielded as much as nearly 91% in the past 12 months.

Here are the top five stocks to buy as per Avani Bhatt, senior vice president-derivative research analyst at JM Financial Services Ltd., Akshay P Bhagwat, senior vice president at JM Financial Services Ltd., Vaishali Parekh, vice president of technical research at Prabhudas Lilladher Pvt., Ajit Mishra, senior vice-president of research at Religare Broking and Brijesh Ail, head technical and derivatives, IDBI Capital Markets & Securities Ltd.

Manappuram Finance stock can be bought at Rs 153.21 per share, with price target at Rs 165, according to JM Financial's Bhatt. She recommends putting the stop loss for the stock at Rs 147.5.

The stock has risen 4.97% in the past 12 months and fallen 7.70% in the year-to-date period. Relative strength index for the counter stands at 45.47.

Of the 17 analysts tracking the stock, nine recommend 'buy', six have a 'hold' call, while two recommend a 'sell'. The consensus 12-month price target for the share price is Rs 182.63 per share, implying an upside potential of 17.4%.

Bhagwat of JM Financial suggests buying HAL with a target of Rs 4,555 and then Rs 4,625, with a stop loss at Rs 4,287.

HAL share price has risen 90.84% in the past 12 months, and 56.33% year-to-date. The RSI for the stock stands at 54.91.

Of the 16 analysts tracking the stock, 15 recommend 'buy', and one 'sell'. The consensus 12-month analysts' price target for the share price is Rs 5,149.69, implying an upside potential of 18%.

Brijesh Ail of IDBI Capital has a buy call on Jubilant Ingrevia, with a target price of Rs 787. Stop loss for the counter should be pegged at Rs 728, he suggests.

The stock has given 74.71% returns in the past 12 months, and 49.50% in the year-to-date period. The RSI for the stock is 59.67.

Of the five analysts tracking the stock, two recommend 'buy', two 'hold' and one 'sell'. The consensus 12-month price target for the share is Rs 704.75, implying a downside potential of 5.1%.

Prabhudas Lilladher's Parekh recommends buying Vedanta at Rs 447 per share, with the target at Rs 470. She calls for keeping the stop loss at Rs 435.

The scrip has risen 92.58% in the past 12 months, while the year-to-date returns stand at 74.86%. The RSI for the counter is 46.60.

Of the 15 analysts tracking the stock, nine recommend 'buy', five 'hold' and one 'sell'. The consensus 12-month analysts' price target for the share is Rs 525.47, implying an upside potential of 17.2%.

Ashok Leyland stock has received a 'buy' call from Ajit Mishra of Religare Broking. The market expert recommends buying the stock at the current market price of Rs 231.5, with the target at Rs 242 per share and stop loss at Rs 226.

Stock has risen 30.20% in the past 12 months and 29.09% in the year-to-date period. RSI of the stock is 62.48.

Of the 45 analysts tracking the stock, 33 recommend 'buy', four 'hold' and eight 'sell'. The consensus 12-month analysts' price target for the share is Rs 250.68, implying an upside potential of 8.3%.

Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.