Investors are keenly watching certain stocks that analysts are recommending for purchase this week. Among those highlighted are Eicher Motors Ltd., Jubilant FoodWorks Ltd., NTPC Ltd., Federal Bank Ltd., and ACC Ltd. Each of these stocks has received a favorable outlook from market analysts, suggesting potential for growth.

Eicher Motors: A Strong Buy Recommendation

Eicher Motors has caught the attention of market expert Agarwala, who advocates for a buy strategy with a target price set at ₹5,800. Investors are advised to implement a stop-loss at ₹5,400 to manage risk effectively. Over the past year, Eicher Motors has showcased impressive growth, boasting a 26.94% increase, while the stock has appreciated by 14.66% since the beginning of the year.

Jubilant FoodWorks: Promising Upside

Analyst Ruchit Jain sees potential in Jubilant FoodWorks, recommending it as a buy with an ambitious target of ₹730. To safeguard investments, a stop-loss is suggested at ₹684. Over the last 12 months, the stock has surged 57.63%, although it has experienced a slight dip of 2.38% so far this year.

NTPC: Steady Growth Ahead

NTPC, recommended by analyst Akshay Bhagwat, is another stock to consider. He has set a target price of ₹374 and looks to push this further to ₹381, with a stop-loss positioned at ₹354. The stock has appreciated 0.90% over the past year and has shown a solid performance with an 8.74% increase year-to-date.

Federal Bank: A Worthy Investment

Bhagwat also endorses Federal Bank, suggesting it be purchased with a target price of ₹198 and a secondary target of ₹203. A stop-loss at ₹187 is recommended to mitigate any losses. In the last year, Federal Bank’s stock has risen by 26.17%, despite a slight year-to-date decline of 4.06%.

ACC: Caution Advised

Finally, Mishra recommends ACC as a buy at ₹2,047, targeting ₹2,150 while advising a stop-loss at ₹2,000. However, investors should note that ACC has faced challenges, showing a 16.20% decline over the past year and a marginal 0.27% decrease since the start of the year.

Conclusion

These stocks present a mix of promising opportunities and cautionary tales for investors. With expert recommendations and strategic targets, keeping an eye on these companies may lead to rewarding outcomes. As always, it’s essential to conduct thorough research and consider market conditions before making investment decisions.