Market experts have shared their top stock picks for today, highlighting opportunities in Adani Power Ltd., Torrent Power Ltd., Prince Pipes and Fittings Ltd., Indian Overseas Bank Ltd. (IOB), and Dalmia Bharat Ltd. These recommendations come from Kunal Rambhia, Fund Manager & Trading Strategist at The Streets, and Vikas Jain, Head of Research at Reliance Securities.
Kunal Rambhia recommends buying Adani Power Ltd. with a stop loss at Rs 550 and a target price of Rs 585. Five analysts are tracking the company, and they maintain a 'buy' rating for the stock, according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.2%.
Rambhia also suggests buying Indian Overseas Bank Ltd. with a stop loss at Rs 36 and a target price of Rs 41.
For Prince Pipes and Fittings Ltd., Rambhia recommends a buy with a stop loss at Rs 350 and a target price of Rs 385. Out of 14 analysts tracking the company, nine maintain a 'buy' rating, three recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.3%.
Vikas Jain advises buying Torrent Power Ltd. with a stop loss at Rs 1,350 and a target price of Rs 1,545. Out of 10 analysts tracking the company, three maintain a 'buy' rating, three recommend a 'hold,' and four suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 2.6%.
Jain also recommends buying Dalmia Bharat Ltd. with a stop loss at Rs 1,930 and a target price of Rs 2,250. Out of 36 analysts tracking the company, 21 maintain a 'buy' rating, seven recommend a 'hold,' and eight suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.7% from the last regular trade.
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