329% return in 1 Year: This Navratna PSU stock gets 'BUY' rating - Check target price

NBCC Share Price Target 2024: Benchmark BSE Sensex breached the historic 80,000 level intraday for the first time while Nifty surged more than 162 points to close at a fresh lifetime high today. Amid this, the surge in midcaps is also being witnessed and the index has gained 21 per cent. However, market experts have now started expressing concern about the valuation. In such a situation, it is important to focus on quality stocks and Chandan Taparia of Motilal Oswal has picked two of them.

NBCC Share Price Target

The first stock picked by Taparia is NBCC. It is a Navratna company and on Wednesday, this stock ended the trading session at Rs 169 with a gain of 4.29 per cent. The 52 Week High of the NBCC stock is Rs 176 which it hit on February 5. 

The company is in civil construction work. The expert has given a buy call on this stock with a long-term target of Rs 205. He advised investors to keep a stop loss of Rs 145. From here, it can give a return of over 20 per cent. 

It is to be noted that the counter has given a bumper return of 105 per cent so far this year and 329 per cent in one year.

Deepak Fertilisers Share Price Targets 

The expert has picked fertilizer stock  Deepak Fertilisers as his second pick. This stock hit a new 52 52-week high of Rs 759.50. On a technical basis, this stock has got a breakout of 18 months of consolidation. The expert advised investors to buy it in the range of Rs 730-735 with a target of Rs 810 and a stop loss of Rs 690. The stock has jumped 6 per cent in one week, 15 per cent in two weeks and 30 per cent in one month.