Stocks To Buy Today: Syrma SGS Technology, Chalet Hotels, HPCL, IOCL And More

Analysts have given recommendations for companies including Syrma SGS Technology Ltd., Chalet Hotels Ltd., Hindustan Petroleum Corp., Indian Oil Corp., Lupin Ltd. and Indian Renewable Energy Development Agency Ltd.

As per the stock calls shared with NDTV Profit, these companies could see upside potential of as much as 34% from current levels. These stocks have already yielded as much as nearly 99% in the past 12 months.

Here are the top five stocks to buy as per Avani Bhatt, senior vice president-derivative research analyst at JM Financial Services Ltd., Kunal Rambhia, founder of The Street, and Ruchit Jain, vice president of equity technical research, wealth management at Motilal Oswal Financial Services Ltd.

Syrma SGS Technology stock can be bought in the range of Rs 605 to Rs 610 per share, with price target at Rs 700, according to JM Financial's Bhatt. She recommends putting the stop loss for the stock at Rs 586.

The stock has fallen 8.07% in the past 12 months and fallen 6.03% in the year-to-date period. Relative strength index for the counter stands at 67.28.

Of the 22 analysts tracking the stock, 17 recommend 'buy', two have a 'hold' call, while three recommend a 'sell'. The consensus 12-month price target for the share price is Rs 528.85 per share, implying a downside potential of 14%.

Jain of Motilal Oswal Financial Services suggests buying Chalet Hotels with a target of Rs 1,100, with a stop loss at Rs 950.

Chalet Hotels share price has risen 53.77% in the past 12 months, and 48.14% year-to-date. The RSI for the stock stands at 67.87.

Of the 14 analysts tracking the stock, 11 recommend 'buy', two recommend 'hold', and one 'sell'. The consensus 12-month analysts' price target for the share price is Rs 984.86, implying a downside potential of 2.3%.

Jain also has a buy call on HPCL, with a target price of Rs 444. Stop loss for the counter should be pegged at Rs 388, he suggests.

The stock has given 68.15% returns in the past 12 months, and 50.11% in the year-to-date period. The RSI for the stock is 60.01.

Of the 34 analysts tracking the stock, 18 recommend 'buy', six 'hold' and 10 'sell'. The consensus 12-month analysts' price target for the share is Rs 404.97, implying a downside potential of 0.6%.

Kunal Rambhia recommends buying IOCL with the target at Rs 150. He calls for keeping the stop loss at Rs 135.

The scrip has risen 16.35% in the past 12 months, while the year-to-date returns stand at 6.99%. The RSI for the counter is 46.26.

Of the 29 analysts tracking the stock, 16 recommend 'buy', seven 'hold' and 11 'sell'. The consensus 12-month analysts' price target for the share is Rs 162.97, implying an upside potential of 16.7%.

Lupin Ltd. stock has received a 'buy' call from Bhatt. The market expert recommends buying the stock at a price of Rs 2,160, with the target at Rs 2,220 and then Rs 2,275 per share and stop loss at Rs 2,095.

Stock has risen 76.36% in the past 12 months and 55.27% in the year-to-date period. RSI of the stock is 58.35.

Of the 37 analysts tracking the stock, 20 recommend 'buy', 10 'hold' and seven 'sell'. The consensus 12-month analysts' price target for the share is Rs 2,252.72, implying an upside potential of 4.2%.

Rambhia also has a buy call on Indian Renewable Energy Development Agency, with a target price of Rs 220. Stop loss for the counter should be pegged at Rs 205, he suggests.

The stock has given 99.29% returns in the past 12 months, and 102.08% in the year-to-date period. The RSI for the stock is 48.79.

Of the two analysts tracking the stock, one recommends 'buy' and one 'sell'. The consensus 12-month price target for the share is Rs 280, implying an upside potential of 34%.