Five Stocks to Buy: Bandhan Bank, Cipla, Sona BLW, Rain Industries, Laurus Labs
Indian stock market investors are always on the lookout for the next big thing. With so many stocks to choose from, it can be overwhelming to decide which ones to invest in. To help you make a more informed decision, we’ve compiled a list of five stocks that analysts recommend for Friday’s trade session.
The five stocks in question are Bandhan Bank Ltd., Cipla Ltd., Laurus Labs Ltd., Sona BLW Precision Forgings Ltd., and Rain Industries. These stocks have been identified as potential winners by leading analysts, and here’s why.
Bandhan Bank Ltd.
Angel One Technical & Derivative Research Chief Manager Osho Krishnan has recommended a buy for Bandhan Bank Ltd. The target price is Rs 195 apiece, which implies a 5.9% upside from Thursday’s close. The stop loss is at Rs 179 apiece. According to Bloomberg data, out of 29 analysts tracking the company, 15 maintain a ‘buy’ rating, 12 recommend a ‘hold’ and two suggest ‘sell’. The average 12-month consensus price target implies an upside of 5.5%.
Cipla Ltd.
Angel One’s Osho Krishnan has also suggested a buy for Cipla Ltd. The target price is Rs 1,520 apiece, which implies a 2.3% upside from Thursday’s close. The stop loss is at Rs 1,465 apiece. Out of 30 analysts tracking the company, 25 maintain a ‘buy’ rating, seven recommend a ‘hold’ and eight suggest ‘sell’. The average 12-month consensus price target implies an upside of 10.1%.
Laurus Labs Ltd.
JM Financial Senior Vice President Akshay P Bhagwat has recommended a buy for Laurus Labs Ltd. The target price range is Rs 857–871 apiece, which implies an upside of 2.6%–4.3% from Thursday’s close. The stop loss is not specified in the report. According to Bloomberg data, out of 16 analysts tracking the company, seven maintain a ‘buy’ rating, four recommend a ‘hold’ and five suggest ‘sell’. The average 12-month consensus price target implies a downside of 22.1%.
Sona BLW Precision Forgings Ltd.
Centrum Broking Technical & Derivatives Research Vice President And Head Nilesh Jain has recommended a buy for Sona BLW Precision Forgings Ltd. The target price is Rs 171 apiece, which implies a 6.9% upside from Thursday’s close. The stop loss is at Rs 155 apiece. According to Bloomberg data, out of 19 analysts tracking the company, 12 maintain a ‘buy’ rating, four recommend a ‘hold’ and three suggest ‘sell’. The average 12-month consensus price target implies an upside of 10.3%.
Rain Industries
Nilesh Jain has also recommended a buy for Rain Industries. The target price is Rs 171 apiece, which implies a 6.9% upside from Thursday’s close. The stop loss is at Rs 155 apiece. According to Bloomberg data, out of 16 analysts tracking the company, seven maintain a ‘buy’ rating, four recommend a ‘hold’ and five suggest ‘sell’. The average 12-month consensus price target implies a downside of 22.1%.
It’s essential to note that the views and opinions expressed by the investment advisers are of their own and not of NDTV Profit. NDTV Profit advises readers to consult their financial advisers before investment.
Conclusion
Investing in the Indian stock market can be a lucrative way to grow your wealth, but it’s crucial to do your research and make informed decisions. The five stocks recommended by analysts for Friday’s trade session are Bandhan Bank Ltd., Cipla Ltd., Laurus Labs Ltd., Sona BLW Precision Forgings Ltd., and Rain Industries. These stocks have shown potential and could be worth considering for your portfolio. However, it’s always a good idea to diversify your portfolio and not put all your eggs in one basket.
