Motilal Oswal Financial Services has buy calls on these 5 stocks; note down targets
Motilal Oswal suggests buying these 5 stocks for up to 30% gain, check targets
The stock market opened in green today, May 15. The BSE Sensex rose by 0.14 per cent at 73,208.23 in the morning trade at 9.20 AM, and Nifty 50 was up 43.85 points or 0.2 per cent at 22,261.70.
Sectoral index
Except for real estate and financial services, the bulk of sectoral indexes were in the green.
US inflation
Meanwhile, domestic benchmark indexes remained low in the afternoon trade on Wednesday, May 15. Investors around the world are watching the US inflation report for signs of potential rate cuts, with Canara Bank and JSW Energy in particular, after their inclusion in the emerging markets index.
5 Stocks to buy
Now, let's take a look at brokerage Motilal Oswal's call on some stocks that it suggested buying for a long-term perspective.
Five-Star Business Finance
Motilal Oswal has given a 'buy' rating on this stock with a target price of Rs 950, which is almost 28 per cent upside from the stock's closing price of Rs 745 on Tuesday, May 14.
Varun Beverages
The brokerage has given a 'buy' rating on Varun Beverages stock with a target price of Rs 1,720 which is a 15 per cent upside from the stock's closing price of Rs 1,490 on Tuesday, May 14.
Jindal Steel & Power
Motilal Oswal has given a 'buy' rating on this stock with a target price of Rs 1,090 which is a 12 per cent upside from the stock's closing price of Rs 979 on Tuesday, May 14.
Aditya Birla Capital
The brokerage has given a 'buy' rating on Aditya Birla Capital stock with a target price of Rs 260 which is an 18 per cent upside from the stock's closing price of Rs 220 on Tuesday, May 14.
Apl Apollo Tube
Motilal Oswal has given a 'buy' rating on this stock with a target price of Rs 1,800 which is a 14 per cent upside from the stock's closing price of Rs 1,580 on Tuesday, May 14.