Sharekhan recommends buying these 5 stocks for up to 25% returns, check targets
Sensex climbed 149.98 points to settle at 76,606.57.
The domestic equity index Nifty50 touched a new record, rose 58.10 points to close at 23,322.95 on Wednesday, June 12.
Sensex
Sensex climbed 149.98 points to settle at 76,606.57.
Sharekhan chooses 5 stocks
Meanwhile, Sharekhan has recommended five stocks to buy for one year.
Expected returns
These shares can give up to 25 per cent returns, according to brokerage Sharekhan.
Power Grid corporation
The first stock picked by Sharekhan is Power Grid. The brokerage has given a target price of Rs 360. This implies around 11 per cent upside from its last closing price of Rs 324.6 on Wednesday, June 12.
TCI
The second stock picked by the brokerage is Transport Corporation of India (TCI) with a target of Rs 1,100. This can give you a return of over 20 per cent from its closing price of Rs 912.1 on Wednesday, June 12.
Tata Motors
The third stock on the list is Tata Motors. Sharekhan has given a target of Rs 1,235 per share. This is an upside of around 25 per cent from its last closing price of Rs 988.6 on Wednesday, June 12.
ICICI Bank
The next stock chosen by Sharekhan is ICICI Bank for a target price of Rs 1,300. On Wednesday, June 12, the shares of ICICI Bank closed at Rs 1,119.65 which means the stock can give returns of up to 16 per cent.
Oil India
Sharekhan also picked Oil India. The brokerage has given a target price of Rs 755. This implies an over 14 per cent upside from its last closing price of Rs 671.5 on Wednesday, June 12.
Disclaimer
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.