1 day ago
Brokerages Rate Ten Stocks Buy, Forecasting Up To 54% Upside
Several brokerages said they would rate ten different companies as ‘Buy.’
They think the shares could rise by roughly 24.8% to 54% from the levels they used.
The companies work in many different industries, including energy, banking, medicine, housing and defence.
Each brokerage gave different reasons for its view, such as expected business growth or new products.
The article also says the stock market had a difficult week.
The Nifty 50 fell 3.1%, and the Sensex fell 2.7%.
These price targets are estimates, not promises that the shares will rise.
Investors are advised to research carefully and seek qualified financial advice.
Ten brokerage calls recommend a ‘Buy’ on companies across energy, consumer, real estate, pharmaceuticals, defence, banking and other sectors.
Projected upside ranges from 24.8% for LEAP India to about 54% for ONGC and Time Technoplast.
The calls cite factors including production prospects, earnings growth, product launches, aircraft deliveries and housing demand.
The Nifty 50 fell 3.1% and the Sensex dropped 2.7% during the week, extending their losing streaks.
The article says target prices are brokerage estimates, not guaranteed returns, and advises investors to do independent research.
- Who
- Brokerages including Kotak Institutional Equities, Motilal Oswal, Nuvama, Axis Capital, Nomura, Jefferies and UBS.
- What
- Ten brokerage ‘Buy’ calls forecast potential stock upside of about 24.8% to 54%.
- Where
- India’s stock market.
- When
- This week, according to the article.
- Why
- Brokerages cited company-specific expectations and factors such as production, earnings, product launches, deliveries and demand.
Key facts
- Stocks covered
- ONGC, Time Technoplast, Bajaj Consumer Care, DLF, Dr Reddy’s Laboratories, Reliance Industries, Hindustan Aeronautics, Prestige Estates Projects, HDFC Bank and LEAP India
- Highest projected upside
- About 54% each for ONGC and Time Technoplast
- Lowest projected upside
- 24.8% for LEAP India
- Nifty 50 weekly change
- Down 3.1%
- Sensex weekly change
- Down 2.7%
- Target-price caveat
- Brokerage estimates based on assumptions; not guaranteed returns
- LEAP India target
- UBS initiated coverage with a ‘Buy’ rating and a target price of Rs 175
Sources
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