Stocks to Buy: Amid the stock market fluctuations, brokerage firms have advised to place bets on seven such stocks, in which 9% to 43% returns can be found in the coming time. Brokerage firms have paid these shares from sector such as financial services, real estate, energy, consumer tech and manufacturing. Brokerage says that according to reports, these shares can give good returns not only to short-term but also medium-term investors. So what are the 7 strong stocks and which brokerage house has given a bullish call for them?
1. HDB Financial Services
The stock has recently been listed in the stock market. Brokerase firm Motilal Oswal has launched its coverage on this stock and gave it a ‘neutral’ rating. Brokerage has given its base target of Rs 860 for this stock, which shows the possibility of a 9 per cent jump from the current level. However, Brokerage has fixed a target price of Rs 995 for this stock in its bull case. If this happens, investors can get up to 26% returns in it.
Brokerage firm Motilal Oswal has retained the rating of his ‘Buy’ on this stock. And its target price has been increased to Rs 22,300, which was earlier Rs 22,100. Brokerage says that Dixon Tech may provide better returns to investors due to its strong manufacturing business model and growing consumer demand.
3 & 4. Swigy and Eternal
Brokerage firm Dam Capital started coverage simultaneously on both stocks on August 20. Brokerage has given BUY ratings to both companies. It has fixed a target price of Rs 515 for Swigy, which is likely to rise by about 30 per cent from the current level. At the same time, it has given a target price of Rs 400 for Jomato’s parent company, which is likely to gain about 26 percent.
5. Sunteck Realty
It is the company of the real estate sector. Brokerage firm Motilal Oswal has given it a BUY rating, maintaining his confidence in this stock. In the report, the company’s price target has been increased to Rs 561 per share, indicating an increase of up to 43% from Thursday’s closed price. Brokerage said that the company is aggressively working on the project acquisition strategy, which is benefiting it.
6. NTPC (NTPC)
The Global brokerage firm CLSA has retained the rating of its ‘outperform’ on this company owned by the Government of India. In the report, the company’s target price has been fixed at Rs 459 per share, indicating about 37% of upside from the current level. Brokerage said that the company is working on a plan to increase its capacity addition to 15% and speed up the clean energy transition.
7. Indian Oil Corporation
In the last six months, the shares of this company have climbed 18 per cent. The assurance of the softening of crude oil prices and the compensation on the LPG deficit by the government has strengthened the restment regarding this stock. Brokerage firm Elar Capital has retained its BUY rating on IOC shares, but its target price has reduced to Rs 193. But this new target price also indicates a rise of up to 38% in the company’s shares from about 38%.
Disclaimer: The ideas and investment advice given by experts/brokerage firms on Moneycontrol are their own, not the website and its management. Moneycontrol advises users to consult a certified expert before making any investment decision.