Holi 2024 Stock Picks: Brokerage sees up to 36% return in these five stocks
Holi Stocks 2024: Ahead of Holi on March 25, 2024 (Monday), brokerage Sharekhan has picked five stocks with strong fundamentals for more than 12 months. The shares include Dalmia Bharat, Zydus Lifesciences, Coal India, HUL, and Ashok Leyland. As per the brokerages targets, investors can get returns of up to 36 per cent.
Holi Stocks 2024: With the festival of colours Holi falling on March 25, 2024 (Monday), brokerage Sharekhan has selected five shares for a year-long investment. It has picked the stock at a time when the stock market is going through fluctuations amid mixed signals from the global market. The brokerage house says the stocks it has picked have strong fundamentals for a period of more than the next 12 months.
Sharekhan's share picks include Dalmia Bharat, Zydus Lifesciences, Coal India, HUL, and Ashok Leyland.
The brokerage says that investors can get returns of up to 36 per cent in the next more than a year.
Dalmia Bharat
Sharekhan has given a 'buy' call on Dalmia Bharat.
The brokerage said that the regional cement price correction is fairly factored in.
The target per share is Rs 2600. On March 21, 2024, the Dalmia Bharat stock closed at Rs 1,922.25. Therefore, a 35 per cent return is expected from the stock.
Zydus Lifesciences
Sharekhan's next pick is the pharma firm. It has given a 'buy' call on Zydus Lifesciences.
The target for the stock is Rs 1100. The brokerage says that speciality portfolio growth will drive margins.
On March 21, 2024, the pharma firm's stock closed at Rs 991.70.
In this way, around 11 per cent return is expected in the stock.
Coal India
The brokerage has given a 'buy' call on the PSU stock.
Sharekhan's target price for the stock is Rs 550.
On March 21, 2024, the share closed at Rs 431.95. So, a nearly 27.50 per cent rise is expected in the stock.
HUL
Sharekhan has given a 'buy' call on HUL's stock. The target price for the stock is Rs 2,910.
On March 21, 2024, the share closed at Rs 2242.60.
In this way, around 30 per cent return is expected from the stock in the next more than 12 months.
Ashok Leyland
Sharekhan has given a 'buy' call on Ashok Leyland. The target price for the share is Rs 221.
On March 21, 2024, the stock closed at Rs 166. In this way, a 33 per cent return is expected from the Ashok Leyland stock.
(Disclaimer: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.)
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