MOFSL picks Tata Consumer, ICICI Bank, other stocks for up to 23% returns; check targets
The major equity indices started Thursday's trading session on a strong note. The NSE Nifty 50 began 15 points (0.06 per cent) higher at 23,531, while the BSE Sensex opened 61 points (0.08 per cent) higher at 77,398.22.
Bank Nifty opening price
At 12.58 PM today, Sensex was 0.11 per cent up at 77,420.90 while Nifty 50 was 0.14 per cent higher at 23,549.0.
Sensex
At 12.58 PM, Sensex was 0.11 per cent up at 77,420.90 while Nifty 50 was 0.14 per cent higher at 23,549.0.
MOFSL picks ICICI Bank, Tata Consumer, L&T, and others
Meanwhile, brokerage Motilal Oswal Financial Services (MOFSL) has picked five stocks for one year which can provide up to 23 per cent returns. Check below:
Tata Consumer share price target
MOFSL picked Tata Consumer as its first choice. The brokerage has given a target price of Rs 1,350. This implies around 22 per cent upside from its last closing price of Rs 1,105 on Wednesday, June 19.
JK Cement share price target
The second stock picked by the brokerage is JK Cement with a target of Rs 5,300. This can give you a return of around 23 per cent from its closing price of Rs 4,304 on Wednesday, June 19.
L&T share price target
The third stock on the list is L&T. MOFSL has given a target of Rs 4,400 per share. This is an upside of around 22 per cent from its last closing price of Rs 3,590 on Wednesday, June 19.
ICICI Bank share price target
The next stock chosen by MOFSL is ICICI Bank for a target price of Rs 1,300. On Wednesday, June 19, the shares of ICICI Bank closed at Rs 1,244 which means the stock can give returns of up to 14 per cent.
Bharti Airtel share price target
The last stock picked by MOFSL is Bharti Airtel. The brokerage has given a target price of Rs 1,640. This implies an over 18 per cent upside from its last closing price of Rs 1,392 on Wednesday, June 19. The views/suggestions/advices expressed here in this article are solely by brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.