Several top analysts from Motilal Oswal Financial Services, Axis Securities, and NeoTrader this morning issued bullish calls on five key stocks spanning IT, chemicals, airports, pharmaceuticals and oil & gas.
Raja Venkatraman, Co-Founder at NeoTrader, recommends buying Mphasis at Rs 2,938, with a target price of Rs 2,980 and a stop loss at Rs 2,900. Out of 40 analysts tracking the company, 28 maintain a 'buy' rating, seven recommend a 'hold,' and five suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 5.6%.
Also backed by Venkatraman, Petronet LNG is a buy with a Rs 285 target and a Rs 277 stop loss. Out of 34 analysts tracking the company, 15 maintain a 'buy' rating, 10 recommend a 'hold,' and nine suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 11.6%.
Ruchit Jain of Motilal Oswal Financial Services sees an opportunity in UPL, calling it a buy with a target of Rs 820 and a stop loss at Rs 760. Out of 22 analysts tracking the company, 16 maintain a 'buy' rating, four recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 3.1%.
A buy recommendation from Jain is placed on GMR Airports, targeting Rs 112 with a stop loss at Rs 100. Out of seven analysts tracking the company, six maintain a 'buy' rating, and one recommends a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 7.5%.
Rajesh Palviya of Axis Securities advises buying Biocon with a stop loss at Rs 395 and a target of Rs 414. Out of 18 analysts tracking the company, 11 maintain a 'buy' rating, two recommend a 'hold,' and five say 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.9%.
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