Market experts have recommended stocks for Wednesday, Shrikant. Chouhan, Head of Equity Research at Kotak Securities, and Osho Krishan, Chief Manager – Technical and Derivative Research at Angel One, have shared their top stock picks. Their recommendations span across banking, energy, IT, and healthcare sectors.
Shrikant Chouhan is bullish on State Bank Of India, recommending a buy on the stock as it continues to show strength in the PSU banking space. He recommends the stock with a target price of Rs 835 to Rs 845 in the near term with a stop loss at Rs 805. Out of 50 analysts tracking the company, 40 maintain a 'buy' rating, nine recommend a 'hold,' and one suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.3%
Chouhan also recommends Suzlon Energy Ltd. with a target price of Rs 71 and a stop loss at Rs 63. Out of eight analysts tracking the company, seven maintain a 'buy' rating and one recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.1%
Osho Krishan has identified Petronet LNG Ltd. as his first stock recommendation with a target price of Rs 310 to Rs 312 range with a stop loss at Rs 304. Out of 35 analysts tracking the company, 14 maintain a 'buy' rating, 10 recommend a 'hold,' and 11 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 4.5%
Krishan is also optimistic about Max Healthcare Ltd., recommending a buy at current market price with a target price of Rs 1,295 and a stop loss at Rs 1,230. Out of 21 analysts tracking the company, 16 maintain a 'buy' rating, three recommend a 'hold,' and five suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 5.2%
Osho also advises buying Central Depository Services India Ltd. at current market price, with a target of Rs 1,755 and a stop loss at Rs 1,670. Out of 10 analysts tracking the company, three maintain a 'buy' rating, five recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 15.8%
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