On Wednesday, several notable brokerages have highlighted key stocks to watch, recommending Bajaj Finserv Ltd., Britannia Industries Ltd., Grasim Industries Ltd., Avenue Supermarts Ltd., and Hindalco Industries Ltd. for investors looking to make informed decisions. With insights from prominent market analysts, these recommendations come amid a fluctuating stock market.
Bajaj Finserv: A Solid Buy Recommendation
Rajesh Palviya, Senior Vice President of Technical and Derivatives Research at Axis Securities, has issued a ‘Buy’ recommendation for Bajaj Finserv Ltd. The targeted price is set at Rs 1,990, suggesting a potential upside of 2.82% from its closing price on Tuesday. This makes it an attractive option for investors looking for growth.
Strong Prospects for Britannia Industries
Kunal Rambhia, the founder of The Street, has also given a ‘Buy’ rating to Britannia Industries Ltd. The projected target price of Rs 5,050 indicates a possible upside of 4.23% from Tuesday’s closing figures, which could enhance the appeal of this stock for those following the food sector.
Avenue Supermarts Continues to Shine
Avenue Supermarts Ltd., known for its DMart stores, has received a ‘Buy’ recommendation from Palviya. The forecasted target price stands at Rs 4,060, translating to a 1.8% upside from the previous closing. This stock remains a favorite among retail investors seeking stability amid market fluctuations.
Grasim Industries: A Strong Recommendation
In another positive note, Rambhia has urged investors to consider Grasim Industries Ltd. with a ‘Buy’ rating. The anticipated target price of Rs 2,750 suggests a noteworthy upside of 7.02% from the last closing price, making it a compelling choice in the industrial sector.
Hindalco Industries: Not to be Overlooked
Lastly, Aditya Arora, founder of Adlytick.com and a multi-asset research analyst, has recommended Hindalco Industries as a ‘Buy’ option. With a target price of Rs 706, this recommendation implies a potential upside of 2.02% from Tuesday’s closing. Investors interested in the metals sector should certainly take note.
Summary of Recommendations
- Bajaj Finserv Ltd.: Target Price Rs 1,990, 2.82% upside.
- Britannia Industries Ltd.: Target Price Rs 5,050, 4.23% upside.
- Avenue Supermarts Ltd.: Target Price Rs 4,060, 1.8% upside.
- Grasim Industries Ltd.: Target Price Rs 2,750, 7.02% upside.
- Hindalco Industries: Target Price Rs 706, 2.02% upside.
These recommendations provide a roadmap for investors navigating the current market conditions, offering a mix of growth potential across various sectors. As always, investors should conduct their own research and consider their risk tolerance before making investment decisions.
