SBI, Nestle India, ICICI Bank: Axis Securities picks 5 large-cap stocks for up to 20% gains; check targets
The 30-share BSE Sensex rose 443.46 points, or 0.56 per cent, to a record high of 79,476.19. The wider Nifty gained 131.35 points, or 0.55 per cent, to settle at a new historical high of 24,141.95.
Today, July 1, the BSE Sensex gained by 443 points to end at a new record high, while the Nifty settled above 24,100 due to purchasing in banking and IT sectors, mirrored advances in Asian and European markets.
Axis Securities picks 5 stocks
Meanwhile, brokerage Axis Securities picked these five stocks including SBI, Nestle India, ICICI Bank, Varun Beverages and Coal India to buy from a long-term perspective. Lets' take a look at the target price:
ICICI Bank share price target
The first stock chosen by the brokerage is ICICI Bank. The brokerage has given a target of Rs 1,325 each. This implies an upside of around 9 per cent from its current price. Shares of ICICI Bank closed at Rs 1,212.6 each, up 1.03 per cent on BSE today, July 1.
Coal India share price target
The second stock recommended by Axis Securities is Coal India with a target price of Rs 550 each. This means the stock can give up to 16 per cent from its today's (July 1) closing price of Rs 474.8 each.
Share price target of Nestle India
Axis Securities also suggests buying Nestle India shares. The brokerage has given a target of Rs 2,880 each. The stock has an upside of over 12 per cent from its today's (July 1) closing price of Rs 2,567.6 each.
State Bank of India share price target
The next stock on the list is the State Bank of India (SBI). Axis Securities has given a target price of Rs 1,010 each. This implies an upside of around 20 per cent from its current price. Shares of SBI closed at Rs 842.1 each, down 0.8 per cent on BSE today, July 1.
Share price target Varun Beverages
The brokerage has also recommended buying consumer staples company Varun Beverages shares. The target is Rs 1,830 each. The stock has an upside of almost 14 per cent from its today's (July 1) closing price of Rs 1,607.2 each.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.