Data showed Maruti Suzuki and Bajaj Auto are the most widely covered stocks on the Street, with54 analysts covering the two stocks, while Grasim Industries and Bajaj Finserv are the least covered stocks (10 analysts covering these stocks). Here are Nifty50 stocks ranked by their popularity:
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NEW DELHI: Can you guess the most analyst-covered stock in Nifty50? No, it's not , TCS or
and Larsen & Toubro (L&T) are the biggest consensus buys with 98 per cent buy ratings, with consensus price targets suggesting a potential up to 19 per cent upside.
and Wipro on the other side have the least share of buy ratings, with their target prices suggesting up to 18 per cent potential downside.
Consensus views on Nifty50 stocks have improved over the last one year, with the percentage of 'Buy' ratings increasing to 75 per cent from 74 per cent a year ago, Motilal Oswal said in a note. The percentages of 'Hold' ratings have remained stable while 'Sell' ratings declined to 9 per cent from 10 per cent, a year ago, the brokerage said.
Data showed Maruti Suzuki and Bajaj Auto are the most widely covered stocks on the Street, with54 analysts covering the two stocks, while
and Bajaj Finserv are the least covered stocks (10 analysts covering these stocks). Here are Nifty50 stocks ranked by their popularity:
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ICICI Bank is covered by 51 analysts on the Street and it enjoys 98 per cent Buy ratings, followed by L&T (98 per cent), ITC (97 per cent), SBI (96 per cent) and HDFC (96 per cent).
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Meanwhile, stocks with the highest upside targets are UPL (up 36 per cent), ONGC (up 32 per cent),
Motilal said consensus target prices point to a 13 per cent upside for the Nifty50. "The top-10 stocks will likely contribute 72 per cent to the Nifty’s target upside," it said.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
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