Stocks To Buy Today: HDFC Bank, Tata Consumer, JSW Steel, And More

Analysts have provided stock recommendations going into trade Wednesday, suggesting some top picks for traders and investors. The recommendations span a variety of sectors, from banking to consumer goods and steel, with specific entry points, target prices, and stop-loss levels. These stocks are expected to show positive movements in the near term based on technical analysis and fundamental factors.

The stock picks come from well-known analysts including Vikas Jain, head of research at Reliance Securities; Ruchit Jain, vice president of equity technical research at Motilal Oswal Financial Services; and Ravi Singh, senior vice president of retail research at Religare Broking. Here are their recommendations.

Vikas Jain of Reliance Securities suggests buying HDFC Bank Ltd., before the Nifty heavyweight announces its December quarter earnings. The analysts recommends a stop-loss at Rs 1,600 for the stock and a target price of Rs 1,750. The stock is currently trading at Rs 1,645. If the stock reaches the target price, it would represent a potential upside of approximately 3-5%.

Jain also recommends buying PI Industries Ltd., with a stop-loss at Rs 3,250 and a target price of Rs 3,850. The stock is currently trading at Rs 3,521.

Ruchit Jain of Motilal Oswal Financial Services suggests buying Tata Consumer Products Ltd. with a stop-loss at Rs 950 and a target price of Rs 1,010. The stock is expected to benefit from favorable trends in the consumer goods sector

Ravi Singh of Religare Broking recommends buying Tata Communications Ltd. with a target price of Rs 1,765. The stock is trading at Rs 1,727, and investors should set a stop-loss at Rs 1,712. The stock offers a potential upside of 2.2%.

Singh also recommends buying JSW Steel Ltd., with a target price of Rs 946 and a stop-loss at Rs 900. The stock is currently trading at Rs 919, offering a potential upside of 2.9%.