Stocks To Buy: Bajaj Auto, Chennai Petroleum, Coal India, Hindalco, Sammaan Capital
These stocks have 'buy' rating from analysts on Wednesday.
Analysts have 'buy' recommendations on Bajaj Auto Ltd., Chennai Petroleum Corp., Coal India Ltd., Hindalco Industries Ltd., and Sammaan Capital Ltd. for Wednesday's session.
The NSE Nifty 50 and BSE Sensex snapped a three-session decline at open. The indices were trading 0.90% and 0.89% higher, respectively as of 10:25 a.m.
Invest4edu Research and Investments Head Aditya Agarwala, Axis Securities Derivatives and Technical Research Senior Vice President Rajesh Palviya, and Kotak Securities Equity Research Head and Vice President Shrikant Chouhan shared their insights with NDTV Profit.
Bajaj Auto
Invest4edu's Aditya Agarwala recommended a 'buy' for the stock. The target price for the stock is Rs 9,300, which implied 8.58% upside from Tuesday's closing price. The stop loss for the stock is Rs 8,220.
Out of 44 analysts tracking the company, 30 maintain a 'buy' rating, seven recommend a 'hold' and seven suggest to 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 5.2%.
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Chennai Petroleum Corp.
Rajesh Palviya recommended a 'buy' for Chennai Petroleum Corp. The target price for the stock is Rs 700, which implied 3.70% upside from Tuesday's closing price. The stop loss is at Rs 660 apiece.
Out of three analysts tracking the company, one maintains a 'buy' rating, and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 20.8%.
Coal India
Palviya also recommended a 'buy' for Coal India stock. The target price for the stock is Rs 428, which implied 4.88% upside from Tuesday's closing price. The stop loss is at Rs 402 apiece.
Out of 24 analysts tracking the company, 17 maintain a 'buy' rating, five recommend a 'hold' and two suggest to 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 8.2%.
Hindalco Industries
Kotak Securities' Shrikant Chouhan has a 'buy' call on Hindalco Industries. The target price for the stock is Rs 695, which implied 4.87% upside from Tuesday's closing price. The stop loss for the stock is Rs 650.
Out of 24 analysts tracking the company, 26 maintain a 'buy' rating, one recommends a 'hold' and three suggest to 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 14.7%.
Sammaan Capital
Chouhan also recommended a 'buy' for Sammaan Capital Ltd. The target price for the stock is Rs 135, which implied 10.47% upside from Tuesday's close price. The stop loss for the stock is Rs 117.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
