Stocks to buy today: On account of Covid-19 restrictions forcing auto manufacturing units to shut down, share prices of auto companies witnessed heavy selloff in the last one half month. However, when the unlock activities and vaccination drive are in accelerated mode, market experts have advised investors to look at the auto sector stocks as they are available at discounted price these days. They said that Ashok Leyland, Hero MotoCopr, Force Motor, HBL Power and Escorts are some of the auto shares that one can buy when the stock market opens today.

Speaking on the reason to buy auto stocks Ravi Singhal, Vice Chairman at GCL Securities said, "Due to Covid-19 restrictions, majority of the manufacturers had to shut down their units. Auto companies too had to shut down manufacturing in some of its major units that triggered heavy selloff. However, when the unlock activities and vaccination drive is fast catching, these discounted auto stocks can be bought for medium to long-term."

Asked about the auto shares that one can buy today Ravi Singhal of GCL Securities said that Ashok Leyland, Escorts, Hero MotoCorp, Force Motor and HBL Power are some of the major shares that one can add in one's portfolio.

1] Escorts: Speaking on Escorts share price target and fundamentals that may support rally in the stock Sandeep Matta, Founder at TRADEIT Investment Advisor said, "Monsoon & agriculture plan and FII’s favorite counter from past few years with outstanding fundamentals where business is delivering over 20% ROE (Return on Equity) and available at PE lower than 20 indicated rally in the counter. The ideal price to buy Escorts shares is around Rs1130 levels, however, it can be accumulated at current market price and add more at the lower levels with the Stop loss of Rs1060 on closing basis for the target of Rs1320 to Rs1445 within 2 months’ time frame."

2] Ashok Leyland: Expecting sharp rally in Ashok Leyland share price Sandeep Matta of TRADEIT Investment said, "Ashok Leyland shares are slow mover among all auto counter. However, technically it has given breakout in last few trading sessions. The counter currently trading at Rs129 is technically a buy with stop loss of Rs115. It is facing immediate resistance around Rs135-136 levels and upon crossing will reach up to 145-150 levels."

3] Hero MotoCorp: Speaking on HeroMotoCorp share price outlook Ravi Singhal of GCL Securities said, "One can buy Hero MotoCorp at around Rs2900 to Rs3000 for targets Rs3333, Rs3666 and Rs3999 in coming six months. However, one must maintain the stop loss at Rs2777 while taking buy position in the counter." He said that normal monsoon prediction will lead to reverse migration that will help the company.

4] Force Motor: On Force Motor share price forecast Sandep Matta of TRADEIT Investment said, "Currently, Force Motor shares are trading at lower than its book value. One can buy the counter at around Rs1200 maintaining stop loss 1080 for the positional target of Rs1500 Rs1800 in 6-8 months’ time frame."

5] HBL Power: On his suggestion to the stock market investors in regard to HBL Power; Sandeep Matta said that the proxy player for targets of Rs53 to Rs60 in 3 month time-frame. However, he advised investors to strictly maintain the stop loss at Rs38.