Analysts have advised investors to buy Tata Motors Ltd., Marico Ltd. and Federal Bank Ltd. among other stocks on Thursday.
Aamar Deo Singh, senior vice president, research at Angel One, and Vikas Jain, head of research at Reliance Securities shared their insights with NDTV Profit.
Tata Motors
Singh recommended purchasing the stock at Rs 680 with a target of Rs 759 and a stop loss of Rs 633. Over the past year, the stock has fallen 32.78%. Its relative strength index was at 58.04.
Out of 34 analysts tracking the company, 20 maintain a ‘buy’, eight recommend a ‘hold’ rating and six suggest ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 13.1%.
Marico
Singh also has a ‘buy’ call on Marico at Rs 730, with a target of Rs 783 and a stop loss of Rs 694. Over the past year, the stock has grown 23.62%. Its relative strength index was at 67.93.
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 3.5%.
Federal Bank
Jain recommends purchasing the stock with a target of Rs 210 and a stop loss of Rs 180. Over the past year, the stock has risen 21.57%. Its relative strength index was at 47.51.
Out of 43 analysts tracking the company, 37 maintain a ‘buy’ rating, five suggest ‘sell’ and one recommends a ‘hold’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 17.5%.
Biocon
Jain also recommended purchasing Biocon stock with a target of Rs 375 and a stop loss of Rs 325. Over the past year, the stock has risen 12.87%. Its relative strength index was at 59.09.
Out of 18 analysts tracking the company, 10 maintain a ‘buy’ rating, three recommend a ‘hold’ and five suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.8%.
Aditya Birla Fashion And Retail
Jain recommends purchasing the stock with a target price of Rs 296 and a stop loss of Rs 248. Over the past year, the stock has risen 4.73%. Its relative strength index was at 52.69.
Out of 23 analysts tracking the company, seven maintain a ‘buy’ rating, nine recommend a ‘hold’ and seven suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 5.6%.
. Read more on Markets by NDTV Profit.Analysts have ‘buy’ calls on these stocks on Thursday. Read MoreMarkets, Business, Notifications
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