Five Stocks To Buy Today: JK Lakshmi Cement, Gabriel India, Chola Fin, Punjab National Bank And Mphasis
Here are all the top 'buy' calls from analysts you need to know about on Wednesday.
Analysts have 'buy' calls on shares of JK Lakshmi Cement Ltd., Gabriel India Ltd., Cholamandalam Financial Holdings Ltd., Punjab National Bank and Mphasis Ltd.
The stock calls came from Aamar Deo Singh, senior vice president of research at Angel One Ltd. and Ajit Mishra, SVP-Research of Religare Broking.
JK Lakshmi Cement
According to Deo Singh, the stock should be bought at Rs 850 with a target price of Rs 945 and stop loss of Rs 797. The stock has fallen 3.33% in the past 12 months and 4.88% in the year-to-date period. Relative strength index of the stock stands at 67.10.
Twelve out of the twenty analysts tracking the stock have a 'buy' rating on the stock, four suggest a 'hold' and four suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 835.59, implying a downside of 2.3%.
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Gabriel India
Deo Singh recommended buying the company's shares at Rs 510 apiece, with a target price of Rs 565 and a stop loss of Rs 479 . The stock has seen returns of 25.13% in the past 12 months and 2.01% in the year-to-date period. Relative strength index of the stock stands at 64.77.
Of the 28 analysts tracking Steel Authority of India, two have a 'buy' rating on the stock, eight recommend a 'hold' and 18 suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 111.92, implying a downside.
Cholamandalam Financial Holdings
Mishra recommended buying the company's shares at Rs 1,336.3 apiece with a target price of Rs 1,410 and a stop loss of Rs 1,300. The stock has seen returns of 51.66% in the past 12 months and 47.49% in the year-to-date period. Relative strength index of the stock stands at 40.28.
The two analysts tracking the stock have a 'buy' rating on it, according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,875.
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Punjab National Bank
Mishra recommended buying the PSU bank's shares at Rs 110.47 apiece, with a target price of Rs 120 apiece and a stop loss at Rs 106. The stock has risen 24.90% in the past 12 months and 15.37% in the year-to-date period. Relative strength index of the stock stands at 61.28.
Eight out of the 18 analysts tracking the stock have a 'buy' rating, five recommend a 'hold' and five suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 112.21, implying an upside of 1.6%.
Mphasis
Mishra recommends buying the company's shares at Rs 3,181.80 apiece with a target price of Rs 3,450 per share and a stop loss at Rs 3,050 apiece. The stock has seen returns of 30.77% in the past 12 months and 15.84% in the year-to-date period. Relative strength index of the stock stands at 68.18.
Of the 36 analysts tracking Mphasis, 15 have a 'buy' rating on the stock, 11 recommend a 'hold' and 10 suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 3,177.74, implying a downside of 0.1%.