5 Stocks to Make Money in 1 Year: Nuvama says this stock can give 31% return
Nuvama Top 5 Stocks to Buy: Leading Indian indices BSE Sensex and Nifty 50 are trading subdued after on Tuesday (May 28, 2024) after closing lower a day ago. However, it is still many hours when they can recover to close the session in green. The positive thing is the indices are within one per cent of their respective all-time highs. Ahead of market opening on Tuesday, brokerage firm Nuvama has advised buying 5 strong stocks from a 12-month perspective. The brokerage has picked Torrent Pharma, Fortis Healthcare, Sun TV, PNC Infra, and PCBL. These shares can give strong returns of up to 31 per cent. Know brokerage calls and target prices for these shares.
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Torrent Pharma
Nuvama has given a buy' rating on Torrent Pharma. The target price per share is Rs 3,000, which is over 13 per cent upside from its closing price of Rs 2,654.05 on Monday.
Fortis Healthcare
Nuvama has given a 'buy' call on Fortis Healthcare. It has given a target price of Rs 535 for the stock, which is 18 per cent upside from its Monday's closing price of Rs 454.
Sun Tv Network
Nuvama has given a 'buy' rating on Sun Tv Network. The brokerage has given a target price of Rs 800 per share, which is 26 per cent upside from the stock's closing price of Rs 636.40.
PNC Infra
Nuvama has a 'buy' stance on PNC Infra. The target per share is Rs 669 per share, which is 27 per cent upside from its closing price of Rs 527.35 on Monday.
PCBL
Nuvama has a 'buy' call on PCBL. The target per share is Rs 323 per share. On May 27, 2024, the share closed at Rs 246. At this price, the stock can yield further returns of 31 per cent.
(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.)