Stocks To Buy: GAIL, HAL, NMDC, SAIL, Max Financial Services
Investors prefers mining, manufacturing, and defence sectors for Friday's session.
Analysts chose stocks from mining and manufacturing sectors for buy recommendations on Friday.
Religare Broking Research Senior Vice-President Ajit Mishra, and Motilal Oswal Financial Services Technical and Derivatives Head Chandan Taparia shared their views on the stocks.
GAIL (India)
Religare Broking's Ajit Mishra recommended a 'buy' for the stock. Target price for the counter is Rs 202, which implies an upside of 4.7%. The stop loss is at Rs 187 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 12.1%.
HAL
Motilal Oswal's Chandan Taparia recommended a 'buy' for HAL. The target price for the counter is Rs 5,385, which implies an upside of 6.8%. The stop loss is at Rs 4,850 apiece.
Out of 19 analysts tracking the company, 15 maintain a 'buy' rating, three recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 12.2%.
NMDC
Mishra recommended buying NMDC stock. The target price for the counter is Rs 77, which implies an upside of 7.3%. The stop loss is at Rs 69 apiece.
Out of 23 analysts tracking the company, 13 maintain a 'buy' rating, four recommend a 'hold' and six suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 3.6%.
Max Financial Services
Taparia has a 'buy call on Max Financial. The target price for the counter is Rs 1,500, which implies an upside of 6.1%. The stop loss is at Rs 1,370 apiece.
Out of 21 analysts tracking the company, 20 maintain a 'buy' rating, and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 7.2%.
SAIL
Taparia also recommended buying SAIL. The target price for the counter is Rs 132, which implies an upside of 5.6%. The stop loss is at Rs 121 apiece.
Out of 28 analysts tracking the company, six maintain a 'buy' rating, 10 recommend a 'hold' and 12 suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 11.3%.
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