Sharekhan suggests buying NTPC, Tata Consumer Products, HUL and 2 more stocks for up to 20% gains; check out targets
Sharekhan's Top 5 Stocks to Buy: Whether the stock market is booming or sluggish, a long-term perspective can lead to profits. For those planning to invest with a long-term horizon, stocks with strong fundamentals are a solid choice.
Sharekhan's Top Picks
The brokerage Sharekhan has suggested five robust stocks to purchase based on their fundamentals, recommending a holding period of over 12 months. These stocks are NTPC, Tata Consumer Products, Wonderla Holidays, HUL, and Kajaria. They can potentially deliver up to a 20% return within a year.
NTPC Share Price Target
Sharekhan recommends buying NTPC, setting a target price of Rs 460 per share. On August 2, 2024, the share price closed at Rs 420, suggesting a potential return of around 9%.
Tata Consumer Products Share Price Target
The firm suggests buying Tata Consumer Products with a target price of Rs 1315 per share. As of August 2, 2024, the share price was Rs 1,192.40, indicating a possible return of approximately 9%.
Wonderla Holidays Share Price Target
Sharekhan advises purchasing Wonderla Holidays, with a target price of Rs 1010 per share. The share price was Rs 840 on August 2, 2024, offering a potential return of around 20%.
HUL Share Price Target
The brokerage recommends buying HUL, targeting a price of Rs 3260 per share. With the share price at Rs 2,696 as of August 2, 2024, there is a potential return of about 20%.
Kajaria Share Price Target
Sharekhan has given a buy recommendation for Kajaria, with a target price of Rs 1700 per share. On August 2, 2024, the share price was Rs 1,463, indicating a potential return of approximately 16%.