Five Stocks To Buy — Cummins India, Kirlos Bros, Balkrishna Industries Among Others
From industrial engineering to cement and auto ancillary segments, here’s a breakdown of stock picks and their respective trading levels
Market analysts have spotlighted five stocks with strong potential for short-term gains, as per their latest technical recommendations. Gaurav Sharma, Associate Vice President & Head of Research (Equity, Commodity & Currency) at Globe Capital Market Ltd, and Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal Financial Services Ltd (MOFSL), have weighed in with key calls for Monday’s trade.
From industrial engineering to cement and auto ancillary segments, here’s a breakdown of stock picks and their respective trading levels
Gaurav Sharma recommends a Buy on Kirloskar Brothers Ltd. at a current market price of Rs 914, setting a stop-loss at Rs 855 and a target price of Rs 1,010. Only one analysts is tracking the company, and they maintain a 'hold' rating according to Bloomberg data. The average 12-month consensus price target implies an upside of 1.9%
Also endorsed by Sharma, Balkrishna Industries Ltd. is a Buy at Rs 2,655, with a stop-loss of Rs 2,570 and a target of Rs 2,825. Out of 22 analysts tracking the company, four maintain a 'buy' rating, eight recommend a 'hold,' and 10 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 8%
Chandan Taparia of MOFSL suggests a Buy on Ramco Cements Ltd. at a current market price of Rs 1,140, with a stop-loss at Rs 1,085 and a target of Rs 1,255. Out of 36 analysts tracking the company, 14 maintain a 'buy' rating, 10 recommend a 'hold,' and 12 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 13.6%
Taparia also recommends a Buy on Cummins India Ltd. at Rs 3,546, with a stop-loss of Rs 3,445 and a target of Rs 3,765. Out of 27 analysts tracking the company, 17 maintain a 'buy' rating, four recommend a 'hold,' and six suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 2.1%
Taparia's third recommendation is Hindustan Unilever Ltd. at current market price of Rs 2,519 with a stop loss at Rs 2,430 and target price of Rs 2,720. Out of 28 analysts tracking the company, 44 maintain a 'buy' rating, 12 recommend a 'hold,' and four suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.9%
