Analysts have recommended six stocks across the banking, automobile, telecom and consumer sectors. Based on the stated market prices and targets, the counters offer potential upside of around 4% to 23%. Top picks include Federal Bank Ltd., Hyundai Motor Co., Indus Towers Ltd., CEAT Ltd., Meesho Ltd., and South Indian Bank Ltd.
Federal Bank Ltd. (CMP: Rs 361.60)
Osho Krishan, Chief Manager, Technical and Derivative Research at Angel One, recommended buying Federal Bank at Rs 360. He placed the stop-loss at Rs 350 and the target at Rs 375. From the current market price, the target implies a potential upside of 3.7%.
Hyundai Motor Co. (CMP: Rs 2,72,500)
Krishan also recommended buying Hyundai at Rs 2,150, with a stop-loss of Rs 2,100 and a target of Rs 2,220. The target indicates a potential upside of 3.3% over the recommended entry price.
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Indus Towers Ltd. (CMP: Rs 397.50)
Gaurav Sharma, Associate Vice-President and Head of Research at Globe Capital, advised buying Indus Towers at the current market price of Rs 397. He set a stop-loss at Rs 386 and a target of Rs 415, suggesting a potential upside of 4.4%.
CEAT Ltd. (CMP: Rs 3,530.60)
Sharma recommended buying CEAT at Rs 3,548, with a stop-loss of Rs 3,475. His targets of Rs 3,675 and Rs 3,750 imply potential gains of 4.1% and 6.2%, respectively, from the stated CMP.
Meesho Ltd. (CMP: Rs 248.25)
Pradip Halder, Founder and Chief Executive Officer of PHD Capital, recommended buying Meesho with a target of Rs 290 and a stop-loss of Rs 208. The target represents a potential upside of 16.8%.
South Indian Bank Ltd. (CMP: Rs 60.40)
Halder also recommended buying South Indian Bank, setting a target of Rs 74 and a stop-loss of Rs 54. The target points to a potential upside of 22.5%, the highest among the six recommendations.
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