Investing in stock market? Top stocks to buy for up to 60% profits! Tata Steel, Zen Tech & more
Dalal Street is offering fresh opportunities to investors as many mid-cap and large-cap stocks are emerging as top picks across a range of sectors. Analysts are backing companies with themes ranging from cyclical recovery to steady structural growth.Here are some of the stocks that can be good picks for traders, according to ET:
- Zen Tech: Choice Institutional Equities has placed Zen Technologies high on its list. The brokerage has issued a Buy call for the stock, with a target price of Rs 2,150. Against its current market price of Rs 1,339, the recommendation points to a potential 60% rally.
- Tata Steel: Metals major Tata Steel continues to receive a ‘buy’ from Motilal Oswal. The brokerage has fixed a target price of Rs 210, compared with the last traded price of Rs 176, translating into an estimated 19% upside.
- Supreme Industries: Motilal Oswal has kept its positive view on Supreme Industries, expecting the stock to move towards Rs 4,850, from its present level of Rs 4,000. With a potential upside of 21%, this could be a good pick for investors.
- Jubilant Ingrevia: Jubilant Ingrevia has received a ‘buy’ stance from Nuvama, at a target price of Rs 910. With the stock currently at Rs 677, the brokerage expects an upside of 43%.
- Sona BLW: Nuvama is also maintaining confidence in Sona BLW Precision Forgings Ltd, though it has marginally adjusted its target price. The brokerage now values the stock at Rs 550, compared with the previous estimate of Rs 560. Based on the current market price of Rs 483, the revised target still reflects a 13% potential rise.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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