Five Stocks To Buy Today: How To Trade Tech Mahindra, SBI, Voltas, Coal India, Jindal Stainless Steel

In today's market analysis, we explore five stocks that analysts recommend for buying. These stocks include Voltas Ltd., Tech Mahindra Ltd., Coal India Ltd., State Bank of India, and Jindal Stainless Ltd.

Voltas

Analyst Ajit Mishra suggests acquiring Voltas shares at a price of Rs 1,721 with a target of Rs 1,830 and a stop loss set at Rs 1,668. This stock has achieved remarkable returns of 105.45% in the past year and 75.94% year-to-date. The relative strength index (RSI) for Voltas is currently at 52.11.

Out of 39 analysts monitoring Voltas, 19 hold a 'buy' rating, while 11 suggest a 'hold' and 9 recommend a 'sell'. The average target price from analysts stands at Rs 1,800.05, indicating a potential upside of 4.6%.

Tech Mahindra

Moving to the tech sector, Mishra recommends buying shares of Tech Mahindra at Rs 1,746, aiming for a target price of Rs 1,830 and setting a stop loss at Rs 1,704. Over the last year, Tech Mahindra has reported returns of 42.83% and 37.31% year-to-date. Its RSI is reported at 58.25.

Among the 46 analysts tracking Tech Mahindra, 22 recommend a 'buy', 10 suggest 'hold', and 14 indicate a 'sell'. The consensus target price is Rs 1,662.75, suggesting a downside potential of 5.5%.

Coal India

Analyst Akshay P Bhagwat highlights Coal India as a buy within a target price range of Rs 434 to Rs 442. The stop-loss is recommended at Rs 412. The stock has shown 19.28% growth over the last year and 12.53% year-to-date, with the RSI at 43.45.

Out of 25 analysts following Coal India, 20 advise a 'buy', 3 suggest a 'hold', and 2 go for a 'sell' rating. The consensus 12-month target price is projected at Rs 536, reflecting a potential upside of 26.1%.

State Bank of India

For State Bank of India, Mishra proposes purchasing at Rs 836.4 with a price target of Rs 872 and a stop loss at Rs 818. The stock has yielded returns of 42.19% over the past 12 months and 31.77% year-to-date, with an RSI value of 57.52.

Of the 50 analysts covering this stock, 39 encourage buying, while 6 recommend holding and 5 advise selling. The projected target price over the next year averages Rs 967.96, indicating an upside potential of 15.5%.

Jindal Stainless

Lastly, analyst Vaishali Parekh suggests investing in Jindal Stainless at a price of Rs 694, with a target of Rs 720 and a stop loss at Rs 683. Jindal Stainless has realized returns of 36.50% in the past year and 24.95% year-to-date, while its RSI stands at 56.63.

Among the 11 analysts gauging Jindal Stainless, 10 support a 'buy' rating, and only 1 recommends a 'hold'. The average 12-month target price is set at Rs 868, which suggests a potential upside of 24%.

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