Analysts have advised investors to buy Hindustan Aeronautics Ltd., Mahanagar Gas Ltd. and Bharat Forge Ltd. among other stocks on Tuesday.

Nilesh Jain, head vice president, technical and derivatives research, (equity research), Centrum Broking Ltd., Ruchit Jain, vice president, equity technical research, wealth management, Motilal Oswal Financial Services Ltd., Vaishali Parekh, vice president, technical research, Prabhudas Lilladher and Amit Goel, CMT, SEBI RA, founder Of Amit Ventures shared their insights with NDTV Profit.

HAL

Jain recommends purchasing the stock with a target of Rs 4,760 and a stop loss of Rs 4,500. Over the past year, the stock has risen 20.29%. Its relative strength index was at 56.11.

Out of 20 analysts tracking the company, 19 maintain a ‘buy’ rating and one suggests ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.9%.

Bharat Forge

Parekh recommends purchasing the stock at Rs 1,119, with a target of Rs 1,150 and a stop loss of Rs 1,090. Over the past year, the stock has fallen 10.32%. Its relative strength index was at 50.78.

Out of 27 analysts tracking the company, 19 maintain a ‘buy’ rating, five recommend a ‘hold’ and eight suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 29.6%.

Mahanagar Gas

Jain recommends purchasing the stock with a target of Rs 1,446 and a stop loss of Rs 1,378. Over the past year, the stock has fallen 0.59%. Its relative strength index was at 54.73.

Out of 32 analysts tracking the company, 21 maintain a ‘buy’ rating, seven suggest ‘sell’, and four recommend a ‘hold’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 8%.

Dixon Technologies

Jain recommends purchasing the stock with a target of Rs 17,550 and a stop loss of Rs 16,200. Over the past year, the stock has risen 98.59%. Its relative strength index was at 76.13, indicating it was overbought.

Out of 32 analysts tracking the company, 19 maintain a ‘buy’ rating, five recommend a ‘hold’ and eight suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 1.1%.

PB Fintech

Goel recommends purchasing the stock with a target price of Rs 1,882 and a stop loss of Rs 1,562.50. Over the past year, the stock has risen 30.13%. Its relative strength index was at 48.23.

Out of 20 analysts tracking the company, nine maintain a ‘buy’ rating, three recommend a ‘hold’ and eight suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 7%.

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.

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