Five Stocks To Buy — Power Finance Corp, SAIL, Eternal, Indian Bank, Among Others
Steel Authority of India Ltd., Eternal Ltd., Power Finance Corp. and Indian Bank are among stocks with 'buy' recommendations on Friday.
Aamar Deo Singh, senior vice president of research at Angel One Ltd., Somil Mehta, head of alternate research at Mirae Asset Sharekhan, and Ajit Mishra, senior vice president of research at Religare Broking, have all shared their top picks.
Singh suggested buying Steel Authority Of India Ltd. at Rs 130 with a stop loss of Rs 123 and a target of Rs 142. Out of 28 analysts tracking the company, five maintain a 'buy' rating, 11 recommend a 'hold' and 12 suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 8.6%.
Singh has also recommended Eternal at Rs 265 with a stop loss of Rs 247 and a target price of Rs 293. Out of 31 analysts tracking the company, 25 maintain a 'buy' rating, two recommend a 'hold' and four suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 3.9%.
Somil Mehta advised purchasing Indian Oil Corp. at Rs 146, with a stop loss of Rs 143 and a target of Rs 155. Out of 35 analysts tracking the company, 23 maintain a 'buy' rating, six recommend a 'hold' and six suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.5%.
Additionally, he recommended Indian Bank Ltd. at Rs 636 with a stop loss of Rs 618 and a target of Rs 665. Out of 13 analysts tracking the company, 11 maintain a 'buy' rating, one recommends a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 7.1%.
Ajit Mishra recommended buying Power Finance Corp. at the current market price of Rs 420, with a stop loss of Rs 410 and a target price of Rs 438.12. All analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 25.9%.
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.
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