Five Stocks To Buy Today: How To Trade NMDC, Tata Motors, Union Bank, Graphite India, HCC

On December 4, 2024, market analysts have put forth their top recommendations for stocks to buy today. These include shares from Graphite India, NMDC, Tata Motors, Hindustan Construction Company (HCC), and Union Bank of India. Here’s a detailed look at each stock and the suggested trading strategies.

Graphite India

Amit Goel, a chartered market technician, has recommended purchasing shares of Graphite India Ltd. at a price of Rs 570. He sets a target price of Rs 640 with a stop loss at Rs 500. Over the past year, the stock has shown a return of 8.3%, while it has gained 3.63% year-to-date. Its relative strength index (RSI) is at 68.33, indicating a moderately strong position. With two out of three analysts issuing a 'buy' rating, the overall 12-month target price consensus stands at Rs 719.32, which suggests a potential upside of 26.2%.

NMDC

According to Neha Aravind, shares of NMDC India Ltd. should be acquired at Rs 235, with a target price of Rs 258 and a stop loss set at Rs 223. The stock has delivered impressive returns of 28.05% over the past year and 12.42% year-to-date, with an RSI of 59.98. Out of 22 analysts following the stock, 13 recommend buying, three suggest holding, and six advise selling. The consensus target price over the next 12 months is Rs 243.21, providing a modest upside of 3.2%.

Tata Motors

For Tata Motors Ltd., Singh advises buying shares priced at Rs 800, targeting Rs 876 with a stop loss at Rs 757. This stock has returned 13.56% over the last year and 3.05% so far in 2024, showcasing an RSI of 43.37. Of the 36 analysts monitoring this stock, 21 recommend buying, 10 suggest holding, and five propose selling. The average 12-month target price is Rs 966.56, reflecting a potential increase of 20.6%.

Union Bank Of India

Singh recommends purchasing shares of Union Bank of India at Rs 125, aiming for a target price of Rs 137, with a stop loss at Rs 119. The stock has registered a return of 10.39% over the last year and 5.84% year-to-date, and it currently holds an RSI of 65.50. Among 11 analysts tracking this stock, nine advocate for buying, one suggests holding, and one recommends selling. The 12-month consensus target price is Rs 145.75, signaling a potential upside of 15.6%.

Hindustan Construction Company (HCC)

Kunal Rambhia advises investors to buy shares of Hindustan Construction Company at a target price of Rs 50, with a stop loss of Rs 43. This stock has led the way with a remarkable 77.83% return over the past year and an impressive 84.67% year-to-date increase. The RSI currently stands at 70.29. One analyst covers this stock and holds a 'buy' rating. Its 12-month target price is Rs 45.81.

In conclusion, these five stocks present various opportunities for investment, with analysts providing specific entry points, target prices, and risk management strategies. Always remember to conduct further research and consult with a financial advisor before making investment decisions.

Stocks, Market, Investment