Stocks To Buy Today: Emami, Caplin Point, M&M Financial Services, Wipro
Here are all the top 'buy' calls from analysts you need to know about on Tuesday.
Analysts have advised investors to buy Emami Ltd., Caplin Point Laboratories Ltd., Mahindra and Mahindra Financial Services Ltd., and Wipro Ltd. among other stocks.
Aditya Arora, founder and multi asset research analyst at Adlytick.in, Vinay Rajani, senior technical and derivative research analyst, HDFC Securities and Ruchit Jain, vice president, equity technical research, wealth management, Motilal Oswal Financial Services Ltd. shared their insights with NDTV Profit.
These stocks could see potential upsides of up to 5%.
Emami
Arora recommends purchasing the stock at Rs 588, with a target of Rs 621 and a stop loss at Rs 555. Over the past year, the stock has moved 20.47%. Its relative strength index is currently at 70.
As per Bloomberg data, 29 analysts cover the stock, with 22 assigning a 'buy' rating, six a 'hold' and one a 'sell'. The 12-month analysts' consensus target is Rs 718.3, offering an expected upside of 18.7%.
Caplin Point
Arora also recommends buying Caplin Point stock at Rs 2,091, with a target of Rs 2,209 and a stop loss at Rs 1,980. Over the past year, the stock has moved 46.56%. Its relative strength index is currently at 35.08.
As per Bloomberg data, 22 analysts cover the stock, with 13 assigning a 'buy' rating, six a 'hold' and three a 'sell'. The 12-month consensus target is Rs 842.9, offering an expected upside of 5.2%.
M&M Financial Services
According to Rajani, the stock is a 'buy' at the current level, with a target price of Rs 300 and a stop loss at Rs 286. It has gained 2% in the last 12 months. The stock’s relative strength index stands at 65.
As per Bloomberg data, two analysts cover the stock with a 'buy' rating. The 12-month analysts' consensus target is Rs 2,340, offering an expected upside of 12%.
Wipro
Rajani advises buying the stock at Rs 313, targeting Rs 325 with a stop loss at Rs 307. The stock has fallen 31.12% in the past 12 months. The relative strength index is recorded at 60.45.
Bloomberg data indicates 45 analysts cover the stock, with 12 giving it a 'buy', 14 a 'hold' and 19 suggests a 'sell'. Analysts' consensus for the next 12 months sets the target at Rs 294.2, suggesting an downside of 7.5%.
Navin Fluorine International
Jain recommends purchasing the stock with target of Rs 4,350 and a stop loss at Rs 4,050. Over the past year, the stock has moved 24.69%. Its relative strength index is currently at 62.74.
As per Bloomberg data, 30 analysts cover the stock, with 23 assigning a 'buy' rating, four a 'hold' and three a 'sell'. The 12-month analysts' consensus target is Rs 4,313.6, offering an expected upside of 3.3%.
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.
