Analysts recommend 'buy' for stocks like Adani Power Ltd., Varun Beverages Ltd. and DMart, along with others.
Aditya Arora, founder of Adlytick.in, Nilesh Jain, head of equity research at Centrum Broking and Osho Krishan, senior research analyst at Angel One have shared their insights with NDTV Profit.
These five stock calls have the potential to generate upsides of up to 9.6%, according to analysts. Here is a list of stocks that offer promising opportunities for growth, according to insights by these experts.
Adani Power
Aditya Arora, from Adlytick.in recommends buying Adani Power, the stock with the highest upside of the lot. With a target price of Rs 570, the stock call has a 9.6% upside. The stop loss is Rs 520.
All 18 analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,537, implying an upside of 28.5%.
Godrej Consumer Product
Angel One's Osho Krishan recommends buying Godrej consumer goods with a target price of Rs 1,190. The upside on the stock against its previous closing was 5.3%. The stop loss is set at Rs 1,100.
Of the 36 analysts tracking the company, 25 have a 'buy' rating on the stock, eight recommend a 'hold' and three suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,274, indicating a 11.3% upside.
DMart
Krishan also recommends buying DMart operator Avenue Supermarts for a target price of Rs 4,250. The upside for this call is 4.9% from its closing price. The stop loss of Rs 3,950.
Twelve out of 31 analysts tracking the company have a 'buy' rating on the stock, nine recommend a 'hold' and 10 suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 4,057, implying a downside of 0.2%.
Varun Beverages
Also coming from Angel One is a buy call for Varun Beverages. The recommendation comes with a target price of Rs 560. The call has a 4.6% upside from its close and the stop loss is Rs 520.
Of the 27 analysts tracking the company, 24 have a 'buy' rating on the stock, and three recommend a 'hold,' according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 655, implying a upside of 22.3%.
Hindustan Petroleum
Aditya Arora also recommends buying Hindustan Petroleum with a target price of Rs 373. The call has a 3.6% upside from its previous close and the stop loss is set at Rs 347 for the call.
Twenty-one out of 34 analysts tracking the company have a 'buy' rating on the stock, five recommend a 'hold' and eight suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 406, implying a upside of 13%.
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