Coal India Ltd., Indigo Paints Ltd., Allcargo Logistics, Bharat Heavy Electricals Ltd., and Titagarh Rail Systems Ltd. have ‘buy’ calls from analysts this Wednesday.
Kunal Rambhia, fund manager and trading strategist at The Streets, and Shrikant Chouhan, executive VP and head equity research at Kotak Securities shared their insights with NDTV Profit.
Rambhia suggested buying Coal India with a stop loss at Rs 385 and a target price of Rs 410. Out of 24 analysts tracking the company, 17 maintain a ‘buy’ rating, four recommend a ‘hold’ and three suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 12.7%.
For Indigo Paints, Rambhia advised buying with a stop loss at Rs 1,150 and a target price of Rs 1,200. Out of nine analysts tracking the company, five maintain a ‘buy’ rating, three recommend a ‘hold’ and one suggests ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 5.5%.
