Stocks to buy in June: Maruti Suzuki, SBI, Tech Mahindra, Automotive axles and UltraTech Cement could give up to 52% return in 1 year
Stock market has been trading volatile for the past few months on back of several domestic and global triggers. On Monday, when the Reserve Bank of India began its three-day MPC meeting, benchmark indices Nifty50 and Sensex were trading with minor cuts of 0.36% to 16, 524 and 55,560 around 12.15 pm.
However, this uncertainty in the market also provides good bargain in fundamentally strong stocks. Below is the list of stocks, identified by brokerage firms Yes Securities and ICICI Securities, that could give up to 50% upside in one year.
UltraTech Cement
State Bank of India (SBI)
Agarwal Industrial Corporation
Hem Securities initiated a coverage on company catering to petrochemicals segment with a buy recommendation for target price of Rs 705 per share. On record price of Rs 534.50 per share, the upside turns out to be 32%. The counter git the day's low of Rs 526 per share on the BSE. Source: Hem Securities.