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Stocks To Buy: 5 Most Popular Non-Nifty Stocks With Maximum Analyst Coverage

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Markets are once again trending higher, thanks to support from Foreign Institutional Investors. The Sensex is once moving closer to the 60,000 points mark and probably next week we are headed there. It's time to take a look at some stocks to buy even as the markets head higher. Motilal Oswal recently came in with its India Strategy report. According to the India Strategy report, following are the list of most popular Non Nifty stocks to buy right now.

 

TVS Motors

TVS Motors

TVS Motors stock is recommended by 48 analysts and has a 60% Buy call, making it one of the most popular stocks to buy from the non Nifty space. The company is a leading 2-wheeler player, which has seen its stock price rally sharply in the last few weeks. The shares of the company have doubled since Aug last year, from levels of Rs 494 to the current market price of Rs 954. The shares of the company were last seen trading at Rs 951 on the NSE.

Ashok Leyland
 

Ashok Leyland

Ashok Leyland is another non Nifty stock that is popular with analysts, with 47 analysts covering the same and 83% having a Buy recommendation on the stock. Ashok Leyland is the top player in the trucks, buses, light vehicles and also offers power solutions. In line with the markets, the share price of the company has seen an upward momentum. The stock has hit a 52-week high recently and has climbed substantially from 52-week lows of Rs 147. Most analysts bet of a further upside in the stock of Ashok Leyland, which is a Hinduja Brothers owned conglomerate.

ACC

ACC

Cement major ACC is tracked by 46 analysts and has a buy call by 52%, making it among the top 3, non Nifty stocks that remain popular. It is amongst the oldest cement players in the country, with a sizeable cement capacity. The company has 17 cement factories, 90 ready mixed concrete plants, a vast distribution network of over 10,000 channel partners. The shares of ACC were last seen trading at Rs 2331. The stock of the company has been gradually moving away from its 52-week low of Rs 1900.

Ambuja Cements

Ambuja Cements

This is another stock that has a buy call, with 39% having a buy call on the stock from about 46 analysts, according to the Motilal Oswal report. Like ACC, Ambuja Cements too is a leading player in the cement business in India, with a sizeable presence across the country. Ambuja Cements Ltd, a member of Holcim - global leader in innovative and sustainable building solutions. The stock of the company has been trading at Rs 494.80 having risen from 52-week lows of Rs 274 on the National Stock Exchange.

Havells India

Havells India

Havells India is tracked by 46 analysts and has a buy call from 54% of these analysts. Havells India is a top player in Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters etc. Over the last few weeks the share price has been moving higher, though there are worries of inputs cost pressures. The shares had hit a 52-week low of Rs 1037 and is currently trading at Rs 1297. Analysts remain upbeat on the stock, though given the rally, profits maybe limited to some extent.

Disclaimer

Disclaimer

The stocks mentioned above are picked from the brokerage report of Motilal Oswal. Investing in stocks is risky and investors must exercise all possible caution. Do not use the article as a basis for your complete investment decision. Greynium Information, the author and the brokerage houses is not responsible for losses, based on a decision taken after reading this article.

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Story first published: Saturday, August 13, 2022, 12:00 [IST]
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