Recent insights from financial analysts highlight several promising stocks, advising investors to consider a ‘buy’ strategy for companies such as Alkem Labs, Pidilite Industries, and ABFRL. With potential upsides reaching as high as 12.8%, these recommendations are backed by experts in the field who provide specific target prices and stop-loss opportunities to guide investment decisions.

Investment Recommendations from Experts

Anand Rathi

Kunal Rambhia, the founder of The Street, has set a buy recommendation for Anand Rathi, targeting a price of ₹1,850. This suggests a potential increase of 9.2% from its latest closing price. Investors are advised to set a stop-loss at ₹1,600 to manage risk effectively.

Canara Bank

Rambhia also endorses Canara Bank with a target of ₹90, indicating an upside of 8.5%. Here, the recommended stop-loss is positioned at ₹80 to limit potential losses.

Jindal Saw

For Jindal Saw, Rambhia projects a target of ₹280, which represents an expected rise of 7.4%. A stop-loss at ₹254 has been advised to safeguard investments.

Additional Stock Insights

Godavari Power

Vaishali Parekh, Vice President at Prabhudas Lilladher, recommends Godavari Power with a target price of ₹182, signifying a 5.8% upside. Investors should consider a stop-loss at ₹167.

Elgi Equipments

Parekh also suggests Elgi Equipments with a target of ₹465, which translates to a potential 4.7% increase from recent prices. A stop-loss at ₹430 is recommended.

Dr. Reddy’s Laboratories

Dr. Reddy’s has received a buy rating from Parekh, with a target set at ₹1,160, suggesting a 4.5% upside. The stop-loss for this stock is ₹1,080.

Top Picks from Reliance Securities

Alkem Labs

Vikas Jain, head of research at Reliance Securities, advocates for Alkem Labs with a target of ₹5,250, indicating an 11.5% upside potential. Investors are advised to set a stop-loss at ₹4,400.

Pidilite Industries

Jain also gives a positive outlook on Pidilite Industries, setting a target price of ₹3,080, which signals a 12.8% upside. A stop-loss at ₹2,030 is recommended for risk management.

ABFRL

Aditya Birla Fashion and Retail (ABFRL) is also on Jain’s buy list, with a target of ₹265, reflecting a potential increase of 10.3%. Investors should consider a stop-loss at ₹229.

Recommendations from HDFC Securities

Kotak Mahindra Bank

Vinay Rajani, a senior analyst at HDFC Securities, has a buy rating for Kotak Mahindra Bank with a target price of ₹2,050, indicating a modest 3.2% upside potential. The stop-loss is suggested at ₹1,950.

Manappuram Finance

Similarly, Rajani recommends Manappuram Finance with a target of ₹215, implying an expected increase of 3.3%. A stop-loss level of ₹204 has been indicated.

Conclusion

With these strategic insights, investors can navigate their portfolios more effectively. The combination of expert recommendations, target prices, and risk management through stop-loss orders provides a comprehensive approach to investing in these stocks. Always conduct thorough research or consult with a financial advisor before making investment decisions.