Top 5 Stocks To Buy Today; HDFC AMC, City Union Bank Among Many In The Fray

Capital markets company IIFL Securities has recommended investors to pump their money in the shares of City Union Bank Ltd, HDFC AMC, PFC, Escorts Kubota and Poonawalla Fincorp. The brokerage house has given their projections with their estimations pertaining to the target price and stop loss for the mentioned stocks.

During yesterday’s trading session, Sensex ended in green at 80,369.03, while NSE Nifty closed at 24,466.85 points.

Stock Recommendations

1. HDFC AMC

Buy: ₹4419

Target Price: ₹4575 - ₹4680

Stop Loss: ₹4264

During yesterday’s trading session, the stock ended with 2% gains to touch at ₹4,428.15. The brokerage recommended the investors to buy the shares at ₹4419 with a target price between ₹4575 - 4680.

2. City Union Bank

Buy: ₹117

Target Price: ₹ 186-192

Stop Loss: ₹168

On October 29, the shares of City Union Bank gained by 2.50% to touch at ₹176.39. Recommending a buy call on the stock, the brokerage said that it can be bought at ₹117. Though the stock has potential to rise between ₹186-192, stop loss should be maintained at ₹168.

3. Escorts Kubota

Buy: ₹3542

Target Price: ₹3675 - 3750

Stop Loss: ₹3410

The shares of the agricultural machinery company closed at ₹3547 on October 29. The shares can be bought at ₹3,542 apiece by setting a target price between ₹3675 - ₹3750, said IIFL Securities. Stop Loss can be clocked at ₹3410.

4. Poonawalla Fincorp

Buy: ₹340

Target Price: ₹354-365

Stop Loss: ₹326

Poonawalla Fincorp ended at ₹336.50 on October 29. The brokerage gave a buy recommendation on stock at ₹340 apiece. It added that the stock had potential to rise to the price levels between ₹354-365. Stop loss can be pegged at ₹326.

5. PFC

Buy: ₹472

Target Price: ₹495-510

Stop Loss: ₹449

IIFL Securities recommended the investor buy the shares of the company at ₹472 apiece by keeping a target price between ₹495-510. It also cautioned the investors to maintain the stop loss at ₹449.