In today’s trading session, several noteworthy stocks have captured the attention of market analysts, particularly Berger Paints India Ltd., GMR Airports Ltd., Grasim Industries Ltd., and Godrej Properties Ltd. These stocks have been earmarked for ‘buy’ recommendations, signaling potential investment opportunities for savvy investors. With a mixed market outlook anticipated, experts have shared their insights and target prices for these prominent companies.
Analyst Recommendations Highlighted
Berger Paints India Ltd. has received a positive outlook from Aamar Deo Singh, Senior Vice-President at Angel One Research. He suggests a target price of ₹579 per share, indicating a 7.83% upside from its recent closing price. For risk management, a stop-loss point has been set at ₹493.
- Target Price: ₹579
- Upside Potential: 7.83%
- Stop Loss: ₹493
GMR Airports Ltd. is another stock attracting attention. Nilesh Jain, Vice-President and Head of Technical & Derivatives Research at Centrum Broking, recommends a buy with a target price of ₹90, suggesting a 5.26% potential gain. Investors should be cautious with a stop-loss set at ₹83.
- Target Price: ₹90
- Upside Potential: 5.26%
- Stop Loss: ₹83
Grasim Industries Ltd. has also caught the eye of Rajesh Palviya, Senior Vice-President at Axis Securities. He provides a target price of ₹2,650, implying a modest 2.20% upside. The suggested stop loss is ₹2,568.
- Target Price: ₹2,650
- Upside Potential: 2.20%
- Stop Loss: ₹2,568
Godrej Properties and Indus Towers Insights
In addition, Godrej Properties Ltd. has been highlighted by Ravi Singh from Religare Broking Retail Research, who recommends a target price of ₹1,235, translating to a 3% upside from its current value. Investors are advised to set a stop-loss at ₹1,175.
- Target Price: ₹1,235
- Upside Potential: 3%
- Stop Loss: ₹1,175
Lastly, Indus Towers Ltd. also received a buy recommendation from Palviya, with a target price of ₹382, indicating a 3% upside potential. The stop-loss for this stock is advised at ₹366.
- Target Price: ₹382
- Upside Potential: 3%
- Stop Loss: ₹366
Market Outlook
As of 8:20 a.m., the GIFT Nifty index signaled a negative start for major large-cap stocks, showing a decline of 0.28%, or 62.50 points, landing at 22,456.00. Investors should remain vigilant as market conditions may fluctuate, impacting these recommended stocks.
For more detailed insights on stock performance, keep an eye on the latest market updates and expert analyses.
