Ten Stocks That are Likely to Give 11-47% Return in Mid-long Term
On March 10, the benchmark indices ended in the green for the third straight session. The Sensex rose 254.03 points, or 0.50 percent, to end at 51,279.51, while the Nifty added 76.40 points, or 0.51 percent, to close at 15,174.80.
The Nifty formed a bearish hammer candle on the daily scale, with a long lower shadow, which indicates declines were being bought.
Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services, is of the view that while the long term structure of the market continues to be positive, markets may face some hurdles in the near term till the concerns over the rising bond yields, commodity prices and risk of increase in inflation recede.
"Investors would look for cues from global markets and Institutional flows which have been patchy for the last few days. Investors would also track India’s import/export data along with bank’s loans and deposit growth data for further cues," he added.
Here are 10 stocks that brokerages think can give up to 47 return in the mid to long term:
Brokerage: Dolat CapitalRating: BuyLTP: Rs 1,061.50Target: Rs 1,260Upside: 18 percent.
BankBrokerage: Dolat CapitalRating: BuyLTP: Rs 261.10Target: Rs 320 Upside: 22 percent.
- Jamna Auto Industries
Brokerage: Dolat CapitalRating: BuyLTP: Rs 70Target: Rs 99Upside: 41 percent.
Brokerage: HDFC SecuritiesRating: BuyLTP: Rs 260.40Target: Rs 296Upside: 13 percent.
- Radico Khaitan
Brokerage: HDFC SecuritiesRating: BuyLTP: Rs 567.60Target: Rs 668Upside: 17 percent.
- Indian Energy Exchange
Brokerage: Motilal OswalRating: BuyLTP: Rs 308.50Target: Rs 355Upside: 15 percent.
- Endurance Technologies
Brokerage:Motilal OswalRating: BuyLTP: Rs 1,401Target: Rs 1,750Upside: 25 percent.
Brokerage: SharekhanRating: BuyLTP: Rs 879.15Target: Rs 1,030Upside: 17 percent.
- Gujarat State Petronet
Brokerage: Motilal Oswal Rating: BuyLTP: Rs 271.25Target: Rs 400Upside: 47 percent.
Brokerage: Prabhudas LilladherRating: BuyLTP: Rs 426.65Target: Rs 474Upside: 11 percent.