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5 Stocks From Nifty That Have The Highest Buy Ratings From 51-Analysts
Markets have recovered a great deal and it is time to look at only stocks that have the potential to rally. Here are a set of 5 stocks that have the highest buy ratings from among 51 analysts as mentioned in a report by broking firm Motilal Oswal.
ICICI Bank
The stock of ICICI Bank enjoys a 98% buy rating from among 51 analysts as reported by Motilal Oswal in its India Strategy report. The stock of ICICI Bank has now hit a new 52-week high today. The stock had fallen to a 52-week low of Rs 642 on March 6, 2022. Given that the stock has rallied sharply, one should be a little careful when buying the stock.
L&T
Another stock that has a buy rating from the 51 analysts is the stock of L&T, which has a 98% buy call, like ICICI Bank. The shares are trading at Rs 1845 and some distance away from the 52-week high of Rs 2070. A surge in economic activity should lead to much better growth prospects for the company.
ITC
Diversified conglomerate ITC has a buy call from as many as 97% of the 51 analysts, as per the Motilal Oswal report. The shares have been on a roll recently and after years of under performance are now hogging the limelight once again. The shares on Aug 2 hit a new 52-week high of Rs 316 and is now trading at Rs 308.
SBI
96% of the 51 analysts also have a buy call on the stock of India's largest lender, State Bank of India. Investors remain optimistic on SBI, as economic growth gathers momentum in the coming days.
HDFC
Mortgage lender HDFC has a 96% buy call rating, just like State Bank of India. The company recently announced a merger with HDFC Bank and following the merger, HDFC Bank becomes the parent company. Over the last 1-year, both HDFC Bank and HDFC have underperformed and are still significantly lower than their 52-week highs. The merger has received the RBI approval last month.
