Market Experts' LIVE Stock Recommendations: Buy Canara Bank, Hold Swiggy, NHPC

Mahesh M Ojha, AVP-research and business development at Hensex Securities Pvt. Ltd gave a 'hold' call to Star Health and Allied Insurance Company Ltd.

He recommended to investors to hold it for a three year horizon for long term. On a very short term period, he suggested partially exiting on on higher levels, and re-entering on a lower level near Rs 430- Rs 440.

"In the last two months, stock has recovered a lot on lower levels. On upper side for the time being Rs 470- Rs 475 range can be kept," he said.

Motilal Oswal Financial Services's Equity Technical Research, Wealth Management Vice President Ruchit Jain recommended a buy for GAIL (India) Ltd. The target price is Rs 209, and the stop loss is at Rs 195.

Hotkar recommended a buy for Tech Mahindra Ltd. The target price is Rs 1,720 apiece, which implied a 5% upside from Wednesday's close price. The stop loss is at Rs 1,600 apiece.

Out of 46 analysts tracking the company, 26 maintain a 'buy' rating, eight recommend a 'hold,' and 12 suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 6.5%

Religare Broking's Retail Research Senior Vice President Ravi Singh suggested a buy for the stock. The target price is Rs 832 apiece. The stop loss is at Rs 800.

Axis Securities Technical and Derivatives Research Senior Vice President Rajesh Palviya recommended a buy for Life Insurance Corp of India. The target price is Rs 990 apiece, which implied 2.9% upside from Wednesday's close price. The stop loss is at Rs 960 apiece.

Out of 21 analysts tracking the company, 16 maintain a 'buy' rating, four recommend a 'hold,' and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.9%.

Angel One's Aamar Deo Singh recommended a buy for Biocon. The target price for the stock is Rs 389 apiece, which implied a 9.6% upside from Wednesday's close price. The stop loss is at Rs 327 apiece,

Out of 29 analysts tracking the company, 11 maintain a 'buy' rating, three recommend a 'hold,' and five suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 7.7%

Most of Adani group stocks in focus as it's the last day to buy shares to become eligible for dividend. ACC Ltd., Adani Enterprise Ltd. Adani Total Gas Ltd., Adani Ports & Special Economic Zone Ltd., and Ambuja Cements Ltd. will all trade ex-record date tomorrow.

Investors may take a keen interest in Power Finance Corp. shares as it is the last to buy the stock to be eligible to receive dividend. The company declared June 13 to be the record date for the dividend. Power Finance Corp.'s board recommended a final dividend of Rs 2.05 per equity share, with a face value of Rs 10 for financial year 2025.

Amar Deo Singh, senior vice president of research at Angel One suggested a buy for Canara Bank. The stock made a high of almost Rs 125. If stock rallies above Rs 128-130 level, has significant potential to rally 20-25% on the upside.

Vaibhav Vidwani, fundamental research analyst at Bonanza Portfolio recommended investors to hold Swiggy Ltd. for long duration. Investors can expect more stress in their profitability. Rapido entering space, not charging additional charges.