Long Term Stock Ideas: Analysts pick BEL, HDFC Bank, Tata Motors and 2 more stocks for up to 72% gains; check targets
Brokerage Mirae Asset Sharekhan has picked five stocks for 12 month. These stocks can give up to 72 per cent returns from their current price.
On Tuesday (December 31), the Indian benchmark equity indices, BSE Sensex and NSE Nifty 50, recovered from intra-day lows but ended the last trading session of 2024 near flatline. The market was led by declines in IT and banking stocks.
Sensex and Nifty today
The BSE Sensex closed at 78,139.01, down 0.14 per cent or 109.12 points reflecting global market weaknesses, but rebounded to a high of 78,248 today. While Nifty 50 closed the last session of the year at 23,644.80, down by just 0.10 points.
Top gainers
On NSE, Bharat Electronics Limited (BEL), ONGC, Kotak Bank, Trent and Coal india were the gainers
Top losers
While the Adani Enterprises, Adani Enterprises, Tech Mahindra, TCS, Infosys, and SBI life remained the top losers.
Experts' views
Experts highlighted that practically all developing markets throughout the world remained poor in the last month of 2024, with Indian markets continuing their three-month decline. Any upward movement in the markets now rests on the third-quarter results and Trump's objectives after taking office in January.
Stocks to buy for long term
Brokerage Mirae Asset Sharekhan has picked five stocks for 12 months. These stocks can give up to 72 per cent returns from their current price.
What are these stocks?
These stocks include Tata Motors, Tata Power, Bharat Electronics, TCI Express and HDFC Bank. Let's take a look at their targets.
Bharat Electronics share price target
The brokerage has given a target of Rs 380 for BEL stock. This means the stock can provide up to 30 per cent returns in one year from its last closing price of Rs 293.1 on Tuesday, December 31.
TCI Express share price target
The next stock on the list is TCI Express. The target is Rs 1,400. On Tuesday (December 31), shares of TCI Express closed at 812.05. This means the stock has a potential upside of up to 72 per cent from its last closing price.
HDFC Bank share price target
The brokerage has given a target of Rs 2,100 for HDFC Bank stock. This means the stock can provide up to 18 per cent returns in one year from its last closing price of Rs 1,772.5 on Tuesday, December 31.
Tata Motors share price target
The analysts have also chosen Tata Motors stock for a target of Rs 1,099 each. On Tuesday (December 31), shares of Tata Motors closed at 740.7 each. This means the stock can provide up to 48 per cent returns in one year from its last closing price.
Tata Power share price target
The last stock on the list is Tata Power. The target is Rs 540 each. On Tuesday (December 31), shares of Tata Motors closed at 392.4 apiece. This means the stock can provide up to 38 per cent returns in one year 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.