Analysts have recommended a number of stocks for Thursday's trading session, advising investors to keep an eye on Infosys, Devyani, Britannia, and more. These stocks come with specific target prices and stop-loss levels for traders to consider. Below, NDTV Profit outlines individual stock recommendations from market experts.
Among those giving recommendations today are Rajesh Palviya, SVP - Technical and Derivatives Research, Axis Securities, Dr. Ravi Singh, SVP - Retail Research, Religare Broking, Nilesh Jain, Head AVP - Technical & Derivatives Research, Centrum Broking Limited and Brijesh Ail, Retail Research, IDBI Cap.
Infosys
Rajesh Palviya recommends buying Infosys Ltd. at its current price of Rs 1,856, with a target of Rs 1,900. This represents a potential upside of about 2.4% from the current price. The stop-loss is set at Rs 1,835, providing a controlled risk-to-reward scenario.
Manappuram Finance
Another pick from Palviya is Manappuram Finance Ltd., with a target of Rs 208 and a stop-loss of Rs 191. The stock is currently trading at Rs 195, presenting an upside of approximately 6.7%. With growing demand for gold loans, this stock has potential for upside in the near term.
Britannia Industries
Dr. Ravi Singh recommends buying Britannia Industries Ltd. at its current price of Rs 4,960. The target price for the stock is Rs 5,100, which represents an upside of approximately 2.8%. The stop-loss is placed at Rs 4,870 to minimise potential losses, should the stock take a downturn. Britannia has continued to show strength in the FMCG sector, benefiting from its strong market position and brand loyalty, said Singh.
Devyani International
Devyani International Ltd. is another 'buy' recommendation. Nilesh Jain suggests buying the stock and putting a stop-loss at Rs 177.75, with a target of Rs 191. With the company steadily growing in the food and beverage sector, there's optimism for steady growth.
Bajaj Holding
Brijesh Ail recommends buying Bajaj Holding and Investment Ltd. at Rs 11,324, with a target of Rs 12,000, suggesting a possible upside of 5.97%. The stop-loss is placed at Rs 11,037. The stock is backed by the strong fundamentals of the Bajaj group, making it an attractive long-term investment.
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