Experts highlighted multiple stocks with ‘buy’ recommendations on Monday.
Kunal Rambhia, fund manager and trading strategist at The Streets, suggests buying Ramky Infrastructure Ltd. and Aavas Financiers Ltd.
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, recommends ideaForge Technology Ltd. While, Gaurav Sharma, associate VP and head of research (equity, commodity and currency) at Globe Capital, advised investing in Bank of Baroda Ltd. and Biocon Ltd.
Below are the detailed target prices and stop-loss levels for these stock recommendations.
Ramky Infrastructure
Kunal Rambhia recommended buying Ramky Infrastructure with a stop loss set at Rs 505 and a target price of Rs 550 per share.
Aavas Financiers
Rambhia also recommended buying Aavas Financiers, with a stop loss set at Rs 1,800 and a target price of Rs 2,000.
Out of 24 analysts tracking the company, 11 maintain a ‘buy’ rating, eight recommend a ‘hold’ and five suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.8%.
ideaForge Technology
Vaishali Parekh has recommended buying ideaForge Technology, with a stop loss set at Rs 560 and a target price of Rs 650.
Out of two analysts tracking the company, one recommends a ‘hold’ and the other suggests ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies a downside of 34.2%.
Bank of Baroda
Gaurav Sharma has recommended buying Bank of Baroda, with a stop loss set at Rs 234 and a target price of Rs 250.
Out of 37 analysts tracking the company, 28 maintain a ‘buy’ rating, seven recommend a ‘hold’ and two suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 11.1%.
Biocon
Sharma has also recommended buying Biocon, with a stop loss set at Rs 345 and a target price of Rs 378.
Out of 19 analysts tracking the company, 11 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 6.4%.
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