Ashoka Buildcon Ltd., Kotak Mahindra Bank Ltd., GAIL (India) Ltd., Macrotech Developers Ltd., and Housing & Urban Development Corp. had 'buy' recommendations from analysts on Tuesday.
HDFC Securities Senior Technical and Derivative Research Analyst Vinay Rajani, JM Financial Senior Vice President Akshay P Bhagwat, and Motilal Oswal Financial Services Vice President, Equity Technical Research, Wealth Management Ruchit Jain shared their insights with NDTV Profit.
Ashoka Buildcon
Vinay Rajani recommended a 'buy' for the counter. The target price for the stock is Rs 210, which implied 3.4% upside from Monday's close. The stop loss for the stock is Rs 198 apiece.
Out of 10 analysts tracking the company, five maintain a 'buy' rating, four recommend a 'hold' and one suggests to 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 21.8%.
Kotak Mahindra Bank
JM Financial's Akshay Bhagwat recommended buying Kotak Mahindra Bank stock. The target price is Rs 2,147, which implied 4.1% upside from Monday's close. The stop loss for the stock is Rs 2,082 apiece.
Out of 44 analysts tracking the company, 27 maintain a 'buy' rating, 11 recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.1%.
GAIL (India)
Bhagwat also has a 'buy' recommendation on Gail (India). The target price for the stock is Rs 201, which implied 6.1% upside from Monday's close. The stop loss for the stock is Rs 184 apiece.
Out of 35 analysts tracking the company, 28 maintain a 'buy' rating, four recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 13.9%.
Lodha
Motilal Oswal's Ruchit Jain recommended a 'buy' for the counter. The target price for the stock is Rs 1,485, which implied 4.1% upside from Monday's close. The stop loss for the stock is Rs 1,380 apiece.
Out of 18 analysts tracking the company, 13 maintain a 'buy' rating, four recommend a 'hold' and one suggests to 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 1.1%.
HUDCO
Jain also recommended buying HUDCO. The target price for the stock is Rs 250, which implied 6.3% upside from Monday's close. The stop loss for the stock is Rs 225 apiece.
The two analysts tracking the company maintained a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies a downside of 1.5%.
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