Asian Paints, Tech Mahindra, 3 other stocks Sharekhan expects up to 25% upside in; note down share price targets
Among Sensex shares, Maruti Suzuki India jumped over 6 per cent amid reports that the UP government waived registration taxes on hybrid cars.
The benchmark indexes Sensex and Nifty recovered on Tuesday, July 9 ending at new highs thanks to increases in auto and FMCG equities and foreign capital inflows.
30-share BSE Sensex today
The 30-share BSE Sensex rose 391.26 points, or 0.49 per cent, to establish a record closing high of 80,351.64.
NSE Nifty today
The NSE Nifty rose by 112.65 points, or 0.46 per cent, to 24,433.20, a record closing high.
Maruti Suzuki India today
Among Sensex shares, Maruti Suzuki India jumped over 6 per cent amid reports that the UP government waived registration taxes on hybrid cars.
Sharekhan picks 5 top stocks
Meanwhile, brokerage Sharekhan has recommended buying five quality stocks for 12 months. These stocks can provide up to 25 per cent returns to its investors. Let's take a look:
Artemis Medicare share price target
Sharekhan suggests buying Artemis Medicare Services stock for a target of Rs 228. Shares of Artemis closed 1.2 per cent higher at Rs 188.7 each on Tuesday, July 8. This means the stock can provide up to 21 per cent returns.
Sharekhan on Tech Mahindra
The next stock picked by the brokerage is Tech Mahindra. It has given a target of Rs 1,715 each. This means the stock can provide returns of up to 17 per cent from its current price of Rs 1,466 per share on July 9.
Asian Paints share price target
The next stock on the list is Asian Paints. Sharekhan has given a target of Rs 3,385 each for 12 months. Shares of Asian Paints last traded at Rs 2,905.2 each on Tuesday, July 9. This means the stock can give returns of up to 17 per cent from its current price.
Sharekhan's call on Himatsingka Seide
The brokerage has also recommended buying Himatsingka Seide shares for a target of Rs 166. The current price of the stock is Rs 140.4 on July 9. This means the stock can provide returns of up to 18 per cent from its last closing price.
Share price target of PNC Infratech
Sharekhan also suggests buying PNC Infratech shares. The brokerage has given a target of Rs 660. The current price of the stock is 526.9 each. This means the stock can provide returns of up to 25 per cent from its last closing price.
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.