Stocks To Buy Today: Hero MotoCorp, NTPC Green, Paytm Among Others
These stocks have 'buy' recommendations on Wednesday.
Hero MotoCorp Ltd., NTPC Green Ltd. and Paytm operator One97 Communications Ltd. were among stocks with 'buy' recommendations on Wednesday.
Rajesh Palviya, senior vice president of technical and derivatives research at Axis Securities, and Swati Hotkar, assistant vice president of technical research at Nirmal Bang, shared their top picks.
Hero MotoCorp
Rajesh Palviya suggests buying Hero MotoCorp Ltd. at Rs 4,068 with a stop loss of Rs 4,010 and a target price of Rs 4,220.
Out of 41 analysts tracking the company, 24 maintain a 'buy' rating, 10 recommend a 'hold' and four suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 7.2%.
NTPC Green
For NTPC Green Energy Ltd., Palviya recommends a buy at Rs 102 with a stop loss of Rs 99 and a target price of Rs 111.
Out of four analysts tracking the company, three maintain a 'buy' rating and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.1%.
Angel One
Palviya also advises buying Angel One Ltd. at Rs 2,487 with a stop loss of Rs 2,455 and a target price of Rs 2,560.
Out of 10 analysts tracking the company, seven maintain a 'buy' rating, two recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 4.3%.
Paytm
Swati Hotkar recommended buying One97 Communications Ltd. above Rs 856.4, with a stop loss of Rs 838 and a target price of Rs 900.
Out of 19 analysts tracking the company, nine maintain a 'buy' rating, seven recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.1%.
KPIT Technologies
Hotkar also suggests buying KPIT Technologies Ltd. above Rs 1,340 with a stop loss of Rs 1,310 and a target price of Rs 1,400.
Out of 19 analysts tracking the company, 14 maintain a 'buy' rating, three recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 3.6%.
