Stocks To Buy: Ashoka Buildcon, Kotak Bank, GAIL, Lodha, HUDCO
These stocks have 'buy' recommendations from analysts on Tuesday.
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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