Motilal Oswal Financial Services Recommends 10 Stock for up to 33% Return in FY22
As we enter FY22, markets are touching new highs in FY21. The rally in FY21 brought in positive developments on the vaccine front, signs of economic recovery and improved corporate earnings boosted sentiment.
"We expect Nifty earnings to grow at a high single digit in FY21, while expecting a sharp rebound in FY22," said Motilal Oswal Financial Services.
The momentum is expected to continue in FY22 with the government’s focus on fiscal expansion and capex spending. Given the likelihood of some consolidation in the near term, Motilal Oswal suggests investors to accumulate good quality companies on any declines. The market is witnessing rotation from high PE stocks to cyclical/value plays. This apart, the capex cycle is also expected to pick up in FY22.
Motilal Oswal Financial Services are betting on these 10 stock for up to 33% return in FY22:
- Mahindra and Mahindra
CMP:Rs 796Target Price Rs 1,015Upside: 27 percentMaintain Buy
- ICICI Bank
CMP: Rs 580Target Price Rs 700Upside: 21 percent Maintain buy
CMP: Rs 358 Target Price Rs 475 Upside: 33 percent Maintain Buy
- Larsen and Toubro
CMP: Rs 1,398 Target Price Rs 1,625Upside: 16 percent Maintain Buy
CMP: Rs 1,861Target Price Rs 2100Upside: 13 percent Maintain Buy
- Britannia Industries
CMP: Rs 3,505 Target Price Rs 4,120 Upside: 17 percent Maintain Buy
- Sun Pharma
CMP: Rs 586Target Price Rs 740Upside: 26 percent Maintain Buy
CMP: Rs 1,338Target Price Rs 1,600 Upside: 19 percent Maintain Buy
CMP: RS 425Target Price Rs 520Upside: 22 percent Maintain Buy
- Tata Power
CMP: Rs 103Target Price Rs 123Upside: 19 percent Maintain Buy