Market Experts Reveal Top Stocks to Buy Today
As the Indian stock market continues to be volatile, market experts are sharing their top stock picks to help investors make informed decisions. In this article, we will explore the top stocks recommended by Shrikant Chouhan, Head of Equity Research at Kotak Securities, and Osho Krishan, Chief Manager – Technical and Derivative Research at Angel One.
State Bank Of India (SBI) – A Strong Play in PSU Banking
Shrikant Chouhan is bullish on State Bank Of India, recommending a buy on the stock as it continues to show strength in the PSU banking space. He recommends the stock with a target price of Rs 835 to Rs 845 in the near term with a stop loss at Rs 805. Out of 50 analysts tracking the company, 40 maintain a ‘buy’ rating, nine recommend a ‘hold,’ and one suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.3%.
Suzlon Energy Ltd. – A Strong Bet on Renewable Energy
Chouhan also recommends Suzlon Energy Ltd. with a target price of Rs 71 and a stop loss at Rs 63. Out of eight analysts tracking the company, seven maintain a ‘buy’ rating and one recommend a ‘hold,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.1%.
Petronet LNG Ltd. – A Potential Gainer in the Energy Sector
Osho Krishan has identified Petronet LNG Ltd. as his first stock recommendation with a target price of Rs 310 to Rs 312 range with a stop loss at Rs 304. Out of 35 analysts tracking the company, 14 maintain a ‘buy’ rating, 10 recommend a ‘hold,’ and 11 suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 4.5%.
Max Healthcare Ltd. – A Strong Play in the Healthcare Sector
Krishan is also optimistic about Max Healthcare Ltd., recommending a buy at current market price with a target price of Rs 1,295 and a stop loss at Rs 1,230. Out of 21 analysts tracking the company, 16 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 downside of 5.2%.
Central Depository Services India Ltd. – A Strong Bet on the Financial Sector
Osho also advises buying Central Depository Services India Ltd. at current market price, with a target of Rs 1,755 and a stop loss at Rs 1,670. Out of 10 analysts tracking the company, three maintain a ‘buy’ rating, five recommend a ‘hold,’ and two suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an downside of 15.8%.
Key Takeaways for Investors
Before making any investment decisions, it is essential to consider the following key takeaways:
- As always, do your own research and due diligence before investing in any stock.
- Consider your risk tolerance and investment horizon before making a decision.
- Stay updated with the latest market news and trends to make informed decisions.
- Don’t solely rely on expert recommendations, but also consider your own analysis and insights.
Conclusion
In conclusion, the Indian stock market is known for its volatility, and it is essential to stay informed and up-to-date with the latest market news and trends. By considering the top stock picks recommended by market experts, investors can make informed decisions and potentially achieve their investment goals.
