Stocks To Buy Today: Indian Overseas Bank, Hindustan Construction, Polycab, Exide India
Among these stocks to buy are Indian Overseas Bank, Hindustan Construction, Polycab and Exide India. These stock calls have the potential to generate upsides of up to 13%, according to analysts.
In today's dynamic and often unpredictable market, identifying the right stocks to buy can be a challenging yet rewarding task. Stepping up today, our analysts have recommended buying shares of Indian Overseas Bank, Hindustan Construction Co., Polycab India Ltd., Exide India Ltd and more.
Nilesh Jain, head AVP, technical and derivatives research at Centrum Broking Ltd., Kunal Rambhia, founder of The Street and Amit Goel, founder Of Amit Ventures and others have shared their insights with NDTV Profit.
These stock calls have the potential to generate upsides of over 13%, according to them. Here we list a curated list of stocks that offer promising opportunities for growth according to insights by experts.
Indian Overseas Bank
Kunal Rambhia, founder of The Street, has recommended buying Indian Overseas Bank Ltd., for a target price of Rs 60, implying an upside of 13.2% at a stop loss of Rs 51. The stock ended around 3.66% lower on Tuesday. It is trading 10.82% higher from its price 12 months ago.
Hindustan Construction Company
Rambhia has also given Hindustan Construction a 'buy' rating with a target price of Rs 38, implying an upside of 11.7% at a stop loss of Rs 32. The stock ended around 1.49% higher on Tuesday. It is trading 13.61% higher from its price 12 months ago.
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Polycab India
Amit Goel, founder Of Amit Ventures, has given Polycab India a 'buy' rating with a target price of Rs 415.06, implying an upside of 8.9%, at a stop loss of Rs 367.5 per share. The stock ended around 0.51% higher on Tuesday. It is trading 52.41% higher from its price 12 months ago.
Exide India
Amit Goel has also given Exide India Ltd. a 'buy' rating with a target price of Rs 415.06 apiece, implying an upside of 8.5% at a stop loss of Rs 367.5 per share. The stock ended around 1.23% higher on Tuesday. It is trading 16.77% higher from its price 12 months ago.
Nalco
Nilesh Jain, head AVP, technical and derivatives research at Centrum Broking Ltd., rates National Aluminium Co., with a 'buy' rating. With the target price set at Rs 207, the implied upside is 8.3% with a stop loss of Rs 195.5. The stock ended around 0.70% higher on Tuesday. It is trading 42.74% higher from its price 12 months ago.
