Five Stocks To Buy Today: Tata Steel, Senco Gold, Shriram Finance, Chalet Hotels And EIH
Here are all the top 'buy' calls from analysts you need to know about on Friday.
Analysts have 'buy' calls on shares of Senco Gold Ltd., Shriram Finance Ltd., EIH Ltd., Chalet Hotels Ltd. and Tata Steel Ltd.
The stock calls came from Kushal Gandhi, a technical analyst at StoxBox, Ruchit Jain, Vice President of equity technical research and wealth management at Motilal Oswal Financial Services Ltd., Sudeep Shah, Deputy VP Head of tech and derivatives research at SBI CAP Securities and Shrikant Chouhan, Executive VP and head of equity research at Kotak Securities.
Senco Gold
Gandhi recommends buying the stock at Rs 1,167 with a target price of Rs 1,309 and a stop loss at Rs 1,106. Over the past 12 months, the stock has gained 56.77%, while its year-to-date performance stands at 67.63%. The relative strength index is at 51.63.
According to Bloomberg, 6 analysts track the stock and they have a 'buy' rating on it. The consensus 12-month target price is Rs 1,502.33, indicating a potential upside of 28.6%.
ALSO READ
Stock Market Today: Sensex, Nifty Clock Longest Weekly Gaining Streak In Nearly Five Months
Shriram Finance
Gandhi has suggested buying this stock at Rs 3,248 with a target price of Rs 3,597 and a stop loss of Rs 3,074. The stock has risen by 62.79% in the last 12 months and by 58.19% so far this year. Its relative strength index is at 63.03.
As per Bloomberg data, 41 analysts cover the stock, with 39 assigning a 'buy' rating, one a 'hold,' and one a 'sell.' The 12-month consensus target is Rs 3,674.85, offering an expected upside of 13.1%.
EIH
According to Jain, the stock is a 'buy', with a target price of Rs 460 and a stop loss at Rs 405. It has gained 75.43% in the last 12 months and 69.84% year-to-date. The stock’s relative strength index stands at 71.67.
Bloomberg shows that two analysts cover the stock: one rates it 'buy,' and one suggests 'hold'. The consensus 12-month target price of Rs 400 implies a potential downside of 5.6%.
Chalet Hotels
Shah recommends purchasing the stock at Rs 1,017 with a target price range of Rs 1,070-1,090 and a stop loss at Rs 980. Over the past year, the stock has moved 58.26%, and in the year-to-date period, it has gained 46.03%. Its relative strength index is currently at 76.94.
Of the 14 analysts tracking the stock, as per Bloomberg, 11 recommend a 'buy,' two suggest 'hold,' and one advocates 'sell.' The consensus target for the next 12 months is Rs 974.14, implying a potential loss of 4.2%.
Tata Steel
Chouhan advises buying the stock, targeting Rs 160 with a stop loss at Rs 147. The stock has shown a 14.75% change in the past 12 months and 8.01% year-to-date. The relative strength index is recorded at 59.67.
Bloomberg data indicates 34 analysts cover the stock, with 17 giving it a 'buy,' nine a 'hold,' and eight a 'sell.' Analysts' consensus for the next 12 months sets the target at Rs 162.13, suggesting an upside of 7.5%.
