Analysts have advised investors to buy Hindustan Zinc Ltd., UltraTech Cement Ltd. and Federal Bank Ltd. among other stocks, on Friday.
Aditya Agarwala, head of research and investments at Invest4edu; Aditya Arora, founder and multi-asset research analyst at Adlytick.in; and Brijesh Ail, head of technical and derivatives, retail research at IDBI Capital, shared their insights with NDTV Profit.
Hindustan Zinc
Agarwal recommends purchasing the stock with a target of Rs 495 and a stop loss of Rs 440. Over the past year, the stock has risen 11.63%. Its relative strength index was at 37.45.
Out of 15 analysts tracking the company, four maintain a 'buy' rating, four recommend a 'hold,' and seven suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 17.9%.
UltraTech Cement
Agarwal recommends purchasing the stock at Rs 12,159, with a target of Rs 12,900 and a stop loss of Rs 11,800. Over the past year, the stock has risen 25.56%. Its relative strength index was at 49.10.
Out of 44 analysts tracking the company, 37 maintain a 'buy' rating, four recommend a 'hold,' and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 1.6%.
Federal Bank
Ail recommends purchasing the stock at Rs 201, with a target of Rs 210 and a stop loss of Rs 198. Over the past year, the stock has risen 29.46%. Its relative strength index was at 69.04.
Out of 43 analysts tracking the company, 39 maintain a 'buy' rating, three suggest 'sell,' and one recommends a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.7%.
Godrej Agrovet
Ail recommends purchasing the stock at Rs 795, with a target of Rs 830 and a stop loss of Rs 780. Over the past year, the stock has fallen 36.79%. Its relative strength index was at 57.33.
Out of six analysts tracking the company, to maintain a 'buy' rating, one recommends a 'hold,' and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 13.9%.
Gujarat Gas
Arora recommends purchasing the stock at Rs 460, with a target of Rs 485 and a stop loss of Rs 435. Over the past year, the stock has fallen 15.52%. Its relative strength index was at 58.77.
Out of 32 analysts tracking the company, nine maintain a 'buy' rating, seven recommend a 'hold,' and 16 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 12.8%.
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.
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