Stocks To Buy Today: IndiGo, Lupin, Jubilant FoodWorks And More
Analysts share their buy calls on stocks including ITC, Lupin, Tata Consumer Products and more.
Analysts have given recommendations for companies including IndiGo parent InterGlobe Aviation Ltd., ITC Ltd., Lupin Ltd., Tata Consumer Products Ltd., and more.
As per the stock calls shared with NDTV Profit, some of these companies could see upside of as much as 7–8% in the near term from current levels. Some of them have already yielded as much as nearly 70% in the past 12 months.
Here are the top stocks to buy, as per Vaishali Parekh, vice president, technical research, Prabhudas Lilladher; Ruchit Jain, vice president, equity technical research, wealth management at Motilal Oswal Financial Services Ltd.; and Rajesh Bhosale, equity technical and derivative analyst, Angel One Ltd.
InterGlobe Aviation
Stock of the IndiGo parent can be bought at Rs 4,612 per share, with price target at Rs 4,800, according to Prabhudas Lilladher's Parekh. He recommends putting the stop loss for the stock at Rs 4,500.
The stock has risen 57.89% in the past 12 months and advanced 55.45% in the year-to-date period. RSI for the counter stands at 69.15, barely away from falling into overbought territory.
Of the 13 analysts tracking the stock, 17 recommend 'buy', three have a 'hold' call, while two recommend a 'sell'. The consensus 12-month price target for the share price is Rs 4,800 per share, implying a upside potential of 4.9%.
ITC
ITC stock can be bought with price target at Rs 500, according to Motilal Oswal's Jain. He recommends putting the stop loss for the stock at Rs 465.
ITC share price has risen 4.82% in the past 12 months and advanced 3.54% in the year-to-date period. Relative strength index for the counter stands at 56.8.
Of the 39 analysts tracking the stock, 33 recommend 'buy', three have a 'hold' call, while other three recommend a 'sell'. The consensus 12-month price target for the share price is Rs 500 per share, implying a upside potential of 4.6%.
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Lupin
Lupin stock can be bought with price target at Rs 2,220, according to Jain. He recommends putting the stop loss for the stock at Rs 2,140.
The stock has risen 69.14% in the past 12 months and advanced 63.99% in the year-to-date period. Relative strength index for the counter stands at 58.53.
Of the 37 analysts tracking the stock, 20 recommend 'buy', 10 have a 'hold' call, while seven recommend selling the stock. The consensus 12-month price target for the share price is Rs 2,220 per share, implying an upside potential of 2.7%.
Tata Consumer Products
Tata Consumer Products stock can be bought at Rs 909 per share, with price target at Rs 940, according to Parekh. He recommends putting the stop loss for the stock at Rs 890.
The stock has fallen 8.81% in the past 12 months and declined 15.48% in the year-to-date period. Relative strength index for the counter stands at 38.8.
Of the 39 analysts tracking the stock, 22 recommend 'buy', six has a 'hold' call, while 11 recommend a 'sell' and as per data available on Bloomberg there is a upside potential of 33.5%.
Jubilant FoodWorks
Domino's operator Jubilant FoodWorks Ltd. can be bought at Rs 703 per share, with price target at Rs 760, according to Angel One's Bhosale. He recommends putting the stop loss for the stock at Rs 670.
The stock has risen 23.49% in the past 12 months and advanced 24.62% in the year-to-date period. Relative strength index for the counter stands at 64.85.
Of the 31 analysts tracking the stock, 13 recommend 'buy', 10 has a 'hold' call, while eight recommend a 'sell'. The consensus 12-month price target for the share price is Rs 760 per share, implying a upside potential of 8.1%.
