Stocks To Buy Today: Tata Consumer, Havells, Trent Among Others
These stocks have 'buy' calls from analysts this Wednesday.
Tata Consumer Products Ltd., Havells India Ltd., Trent Ltd., BHEL, and Prestige Estates are among stocks with 'buy' recommendations from analysts this Wednesday.
Ravi Singh from Religare Broking, Gaurav Sharma from Globe Capital, and Ruchit Jain from Motilal Oswal Financial Services Ltd. have provided their insights and target prices for these stocks.
Here’s a detailed look at each recommendation.
Tata Consumer Products
Ravi Singh recommends buying Tata Consumer Products with a target price of Rs 1,200. The stock is currently trading at Rs 1,168, and the stop loss is set at Rs 1,150.
Out of 29 analysts tracking the company, 21 maintain a 'buy' rating, six recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 6.2%.
Havells India
Singh also suggests buying Havells India Ltd., with a target price of Rs 1,658. The stock's current market price is Rs 1,621, and the stop loss is Rs 1,600 per share.
Out of 42 analysts tracking the company, 26 maintain a 'buy' rating, 10 recommend a 'hold' and six suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 10.9%.
Bharat Heavy Electricals
Gaurav Sharma recommends buying Bharat Heavy Electricals Ltd. at its current market price of Rs 231. The target price is set at Rs 242, with a stop loss at Rs 225.
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 4.6%.
Prestige Estates Projects
Sharma also advises buying Prestige Estates Projects Ltd., with a target price of Rs 1,500 per share. The stock is currently priced at Rs 1,375, and the stop loss is Rs 1,300.
Out of 20 analysts tracking the company, 17 maintain a 'buy' rating, two recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 22.7%.
Trent
Motilal Oswal's Ruchit Jain recommends buying Trent Ltd. with a target price of Rs 5,770. The current market price is Rs 5,510, and the stop loss is set at Rs 5,350.
Out of 25 analysts tracking the company, 18 maintain a 'buy' rating, three recommend a 'hold' and four suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 14.8%.
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