Stocks To Buy Today: ITC, BHEL, SJVN, Cipla, Astral
Analysts have a 'buy' call on these calls this Wednesday.
Analysts have advised investors to buy ITC Ltd., Bharat Heavy Electricals Ltd. and SJVN Ltd. among other stocks on Wednesday.
Vinay Rajani, senior technical and derivative research analyst at HDFC Securities, Shrikant Chouhan, executive vice president and head of equity research at Kotak Securities, Rajesh Palviya, senior vice president of technical and derivatives research at Axis Securities and Milan Vaishnav, CMT, MSTA, founder and technical analyst at Gemstone Equity Research shared their insights with NDTV Profit.
ITC
Rajani recommended purchasing the stock with a target of Rs 443 and a stop loss of Rs 426. Over the past year, the stock has risen 1.14%. Its relative strength index was at 54.24.
Out of 40 analysts tracking the company, 37 maintain a 'buy' rating, one recommends a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 16.6%.
BHEL
Chouhan has a 'buy' call on the stock at Rs 230, with a target price of Rs 237 and then Rs 245, and a stop loss of Rs 224. Over the past year, the stock has fallen 12.25%. Its relative strength index was at 43.19.
Out of 17 analysts tracking the company, seven maintain a 'buy' rating, two recommend a 'hold' and eight suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 3.6%.
SJVN
Chouhan also recommended buying SJVN stock at Rs 98, with a target of Rs 105 and a stop loss of Rs 95. Over the past year, the stock has fallen 23.27%. Its relative strength index was at 56.29.
Out of five analysts tracking the company, three maintain a 'buy' rating, one recommends a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 14%.
Cipla
Vaishnav recommends purchasing the stock above Rs 1,528, with a target of Rs 1,620 and a stop loss of Rs 1,480. Over the past year, the stock has risen 13.33%. Its relative strength index was at 41.22.
Out of 37 analysts tracking the company, 24 maintain a 'buy', eight recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 7.9%.
Astral
Palviya has a 'buy' recommendation on the stock and suggests purchasing it at Rs 1,368, with a target of Rs 1,420 and a stop loss of Rs 1,340. Over the past year, the stock has fallen 30.17%. Its relative strength index was at 62.04.
Out of 26 analysts tracking the company, 19 maintain a 'buy' rating, four recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 22.1%.
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.
