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This Article is From Nov 29, 2024

Five Stocks To Buy: How To Trade PNB, Aegis Logistics, Container Corp, Engineers India, BHEL

Five Stocks To Buy: How To Trade PNB, Aegis Logistics, Container Corp, Engineers India, BHEL
Analysts share buy calls on PNB, Aegis Logistics, Container Corp, Engineers India, BHEL. (Photo source: Freepik)

Analysts have shared 'buy' calls on shares of Punjab National Bank Ltd., Aegis Logistics Ltd., Container Corp., Engineers India Ltd., and Bharat Heavy Electricals Ltd.

The stock calls came from Kunal Rambhia, founder of The Street, Vinay Rajani, senior technical and derivative research analyst at HDFC Securities Ltd., and Rajesh Bhosale, equity technical and derivative analyst at Angel One Ltd.

Punjab National Bank

PNB shares should be bought with a target price of Rs 120 per share, and stop loss of Rs 101, recommends Rambhia. The stock has returned 34.29% in the past 12 months and 9.58% in the year to date period. Relative strength index of the stock stands at 56.75.

Of the 18 analysts tracking the stock, nine maintain a 'buy', four suggest a 'hold' and five recommend 'sell'. The 12-month analysts' consensus target price on the stock is Rs 113.81, implying an upside of 7.1%.

Aegis Logistics 

Bhosale recommends buying Aegis Logistics at Rs 872, with a target price of Rs 965 and stop loss at Rs 828 per share. The petroleum bulk stations and terminals company has risen 150.02% in the past 12 months and 149.91% in the year-to-date period.

Of the eight analysts tracking the stock, six recommend 'buy', one suggests 'hold' and one 'sell'. The 12-month consensus target price on the stock is Rs 764, implying a potential downside of 12.4%.

Engineers India

Bhosale suggests buying the Engineers India stock at Rs 199 per share, with a target price of Rs 215 and stop loss of Rs 191. Shares of the construction manufacturing company have risen 33.11% in the past 12 months and 0.88% on a year-to-date basis.

Of the analysts tracking the stock, seven recommend 'buy', and one suggests 'sell'. The 12-month analysts' consensus target price on the stock is Rs 235.17, implying an upside of 18.2%.

Container Corporation Of India

For a time-span of one to two weeks, Rajani recommends keeping a target of Rs 885 per share for Container Corp. stock bought at Rs 820, with stop loss at Rs 766 apiece. The transport company's stock has risen 6.91% in the past 12 months and dropped 6.64% year-to-date.

Of the analysts tracking the stock, 13 maintain a 'buy', five suggest a 'hold' and six recommend a 'sell'. The 12-month analysts' consensus target price on the stock is Rs 956.33, implying an upside of 16.5%.

Bharat Heavy Electricals

Rambhia recommends buying BHEL stock with a target price of Rs 120 per share and stop loss of Rs 101. The stock has risen 52.98% in the past 12 months and 25% year-to-date.

Of the 17 analysts tracking the stock, six recommend 'buy', two 'hold' and nine recommend a 'sell'. The 12-month analysts' consensus target price on the stock is Rs 239, implying a downside of 5.3%.

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.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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