Stocks To Buy Today: Trent, HUL, Biocon And More

Analysts have shared 'buy' calls on companies including Trent Ltd., Biocon Ltd., Hindustan Unilever Ltd., Kotak Mahindra Bank Ltd. and Hero MotoCorp Ltd.

As per the stock calls shared with NDTV Profit, some of these companies could see upside of as much as 3.42% in the near term from current levels. Some of them have already yielded as much as nearly 140% in the past 12 months.

Here are the top stocks to buy as per Kunal Rambhia, Founder of The Street, Sneha Seth, a senior analyst at Angel One, Ruchit Jain, Vice President of equity and technical research for wealth management at Motilal Oswal Financial Services, Avani Bhatt, Senior Vice President and derivative research analyst at JM Financial Services, and Ajit Mishra, SVP-Research, Religare Broking.

Trent

Jain recommends buying the stock with a target price of Rs 7,420 and a stop loss at Rs 7,260. Over the past 12 months, the stock has gained 139.38%. The relative strength index is at 61.39.

According to Bloomberg, 21 analysts track the stock: 12 rate it a 'buy,' five a 'hold,' and four a 'sell.' The consensus 12-month target price is Rs 6,857.35, indicating a potential downside of 6.3%.

Biocon

Mishra has suggested buying this stock at Rs 373.3, with a target price of Rs 385 and a stop loss of Rs 367. The stock has risen by 32.19% in the last 12 months. Its relative strength index is at 61.48.

As per Bloomberg data, 18 analysts cover the stock, with nine assigning a 'buy' rating, two a 'hold,' and seven a 'sell.' The 12-month consensus target is Rs 334.71, offering an expected downside of 10.3%.

Hero MotoCorp

According to Mishra, the stock is a 'buy' at Rs 4,312, with a target price of Rs 4,430 and a stop loss at Rs 4,190. It has gained 8.06% in the last 12 months. The stock's relative strength index stands at 38.08.

Bloomberg shows that 44 analysts cover the stock: 30 rate it 'buy,' seven suggest 'hold,' and seven recommend 'sell.' The consensus 12-month target price of Rs 5,285.79 implies a potential upside of 22.6%.

HUL

Seth recommends purchasing the stock at a range of Rs 2,350 to Rs 2,354 with a target of Rs 2,435 and a stop loss at Rs 2,309. Over the past year, the stock has fallen 9.08%. Its relative strength index is currently at 45.28.

Of the 43 analysts tracking the stock as per Bloomberg, 26 recommend a 'buy,' 14 suggest 'hold,' and three advocate 'sell.' The consensus target for the next 12 months is Rs 2,857.63, implying a potential gain of 20.6%.

Kotak Mahindra Bank 

Jain advises buying the stock, targeting Rs 1,900 with a stop loss at Rs 1,800. The stock has fallen 1.54% in the past 12 months. The relative strength index is recorded at 65.30.

Bloomberg data indicates 44 analysts cover the stock, with 27 giving it a 'buy,' 12 a 'hold,' and five a 'sell.' Analysts' consensus for the next 12 months sets the target at Rs 1,999.84, suggesting an upside of 8.9%.