Long-term stock recommendations: Brokerages suggest buying these shares; check targets
ICICI Securities has suggested buying IndiaMart Intermesh stock at a target price of Rs 3,500. It is an upside of almost 23 per cent from today's (May 2) closing price.
Domestic market indexes Nifty50 and Sensex moved higher on Thursday, May 2, driven by automobile and power stocks. Here's a list of stocks that brokerages KRChoksey, ICICI Securities, Nuvama, and Motilal Oswal Financial Services have 'buy' ratings on. Their targets imply an upside of as much as 45 per cent from the current levels.
IndiaMart Intermesh
ICICI Securities has suggested buying IndiaMart Intermesh stock at a target price of Rs 3,500. It is an upside of almost 23 per cent from today's closing price.
Maruti Suzuki
Brokerage KRChoksey has recommended buying automobile company Maruti Suzuki's stock at a target price of Rs 14,975. The target implies an potential upside of more than 17 per cent from Thursday's (May 2) closing price.
Havells India
ICICI Securities has recommended buying Havells India stock with a target of Rs 1,940. This is around 16 per cent higher from its today's (May 2) closing price.
Newgen Software Technologies
Nuvama has a 'buy' call on Newgen Software Technologies' stock. The brokerage has suggested a target price of Rs 1,000 which is an upside of almost 2 per cent from its today's (May 2) closing price.
Craftsman Automation
Motilal Oswal Financial Services has recommended buying the Craftsman Automation stock at Rs 5,305. It is almost 20 per cent higher than its closing price of May 2.
Fedbank Financial
ICICI Securities has suggested buying Fedbank Financial stock at a target price of Rs 184. This stock can give up to 45 per cent returns form its current price (May 2), according to the brokerage.