Five Stocks To Buy: How To Trade Manappuram Finance, HAL, Jubilant Ingrevia, Vedanta, Ashok Leyland Today

Investing in the stock market requires careful analysis and strategic decisions. Today, we take a closer look at five stocks that show promise for investment: Manappuram Finance, Hindustan Aeronautics Limited (HAL), Jubilant Ingrevia, Vedanta, and Ashok Leyland. These stocks have generated impressive returns over the past year, with the potential for further gains.

Overview of Potential Stocks

Each of these companies has been recommended based on their recent performances and market conditions. Notably, they have collectively shown gains of nearly 91% within the last twelve months, indicating a strong upward trend.

Manappuram Finance

For Manappuram Finance, the recommended buying level is at Rs 153.21 per share, with a target price set at Rs 165. Investors should consider placing a stop loss at Rs 147.5. Although the stock has had a 4.97% rise over the past 12 months, it has seen a decline of 7.70% year-to-date. The current relative strength index (RSI) for Manappuram Finance is at 45.47, suggesting it is somewhat undervalued. Out of 17 analysts tracking this stock, 9 advise a buy, indicating a consensus price target of Rs 182.63, which suggests upside potential of 17.4%.

Hindustan Aeronautics Limited (HAL)

Investors looking at HAL can consider purchasing shares with a target price of Rs 4,555, and possibly Rs 4,625 later. It is advised to set a stop loss at Rs 4,287. The stock has dramatically increased by 90.84% in the last year and 56.33% year-to-date, with a relatively strong RSI of 54.91. Among 16 analysts, 15 recommend buying, providing a consensus target of Rs 5,149.69, which indicates a potential upside of 18%.

Jubilant Ingrevia

Brijesh Ail from IDBI Capital recommends buying Jubilant Ingrevia at Rs 787, with a stop loss positioned at Rs 728. The stock experienced a rewarding 74.71% return over the past year, and 49.50% since the start of the year. The RSI is currently at 59.67. While two out of five analysts suggest a buy on this stock, it appears its consensus target of Rs 704.75 indicates a slight downside potential of 5.1%.

Vedanta

According to Prabhudas Lilladher’s Vaishali Parekh, Vedanta is another stock worth considering, with a buying price of Rs 447 per share and a target set at Rs 470. Suggested stop loss is at Rs 435. In the past year, Vedanta has soared 92.58%, with a year-to-date return of 74.86%, while its RSI stands at 46.60. Among the 15 analysts that follow this stock, 9 recommend buying, leading to a consensus price target of Rs 525.47 with an anticipated upside of 17.2%.

Ashok Leyland

Lastly, Ashok Leyland has been rated a buy at the current market price of Rs 231.5. With a target price of Rs 242 and a stop loss at Rs 226, the stock advanced by 30.20% over the past year and shows a year-to-date rise of 29.09%. The current RSI is noted at 62.48, and out of 45 analysts, 33 are in favor of buying, establishing a consensus target of Rs 250.68 with an upside potential of 8.3%.

In conclusion, these five stocks present varying opportunities for traders and investors to consider for their portfolios today. However, it is essential for investors to conduct their own analysis or consult financial advisors before making investment decisions.

stocks, investment, analysis