Stocks To Buy Today: ITC, Marico, Adani Green, Ashok Leyland
These stocks have 'buy' calls on Friday.
Analysts have advised investors to buy ITC Ltd., Marico Ltd. and Adani Green Energy Ltd. among other stocks on Friday.
Gaurav Sharma, associate vice president and head of research (equity, commodity and currency) at Globe Capital, Kunal Rambhia, founder at The Street, and Ravi Singh, senior vice president of retail research at Religare Broking shared their insights with NDTV Profit.
Amid the prevailing uncertainty and expected gap down opening, several analysts declined to share pre-market calls.
Ashok Leyland
Singh recommended purchasing the stock at Rs 226 with a target of Rs 232 and a stop loss of Rs 222. Over the past year, the stock has risen 13.17%.
Out of 44 analysts tracking the company, 36 maintain a 'buy', four recommend a 'hold' rating and four suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 14%.
Marico
Singh also has a 'buy' call on Marico at Rs 736, with a target of Rs 754 and a stop loss of Rs 722. Over the past year, the stock has grown 23.77%.
Out of 42 analysts tracking the company, 30 maintain a 'buy' rating, nine recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 5.9%.
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ITC
Sharma has a 'buy' call on ITC at Rs 429, with a target of Rs 440 and a stop loss of Rs 424. Over the past year, the stock has grown 1.29%.
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 of 12-month analysts' consensus price target implies an upside of 17%.
Adani Green Energy
Rambhia recommends purchasing the stock with a target of Rs 900 and a stop loss of Rs 855. Over the past year, the stock has fallen 48.57%.
Out of seven analysts tracking the company, six maintain a 'buy' rating, and one recommends a 'hold', according to Bloomberg data. The average of 12-month analysts' consensus price target implies an upside of 40%.
Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
