Investment experts have recommended several stocks for Friday’s trading session.
Brijesh Ail, head of technical and derivatives at retail research IDBI Capital, and Aditya Agarwala, head of research and investments at Invest4edu, have provided their top picks. Here are the details.
JSW Steel
Brijesh Ail suggests buying JSW Steel at Rs 1,035 with a stop loss of Rs 1,011 and a target price of Rs 1,083.
Out of 34 analysts tracking the company, 19 maintain a ‘buy’ rating, five recommend a ‘hold’ and 10 suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies a downside of 1.1%.
Apollo Hospital
For Apollo Hospital Enterprise Ltd., Ail recommends a buy at Rs 672 with a stop loss of Rs 658 and a target price of Rs 710.
Out of 29 analysts tracking the company, 26 maintain a ‘buy’ rating, two recommend a ‘hold’ and one suggests ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 9.2%.
Cummins India
Aditya Agarwala advised buying Cummins India Ltd. with a target price of Rs 3,100 and a stop loss of Rs 2,870. The current price of the stock is Rs 2,942 per share.
Out of 28 analysts tracking the company, 16 maintain a ‘buy’ rating, six recommend a ‘hold’ and six suggest ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 13.2%.
Tata Communication
For Tata Communication Ltd., Agarwala suggests a ‘buy’, with a target price of Rs 1,730 and a stop loss of Rs 1,560. The stock’s current price is Rs 1,611.
Out of eight analysts tracking the company, five 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 11.5%.
LIC Housing Finance
Agarwala also recommended buying LIC Housing Finance Ltd. with a target price of Rs 670 and a stop loss of Rs 605. The stock’s current price is at Rs 624.
Out of 31 analysts tracking the company, 19 maintain a ‘buy’ rating, seven recommend a ‘hold’ and five suggest ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 6.7%.
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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