Stocks to buy for 1 year: MOFSL picks these 5 stocks for up to 31% gains; check out targets
MOFSL has picked L&T Finance, HDFC Life, Coal India, Persistent Systems, and ITC shares for one year—a look at these stocks' target prices.
India's equity indexes began flat on Wednesday (September 18), tracking a mixed pattern in global markets ahead of the US Federal Reserve's monetary policy announcement later in the day.
Sensex and Nifty today at 10.49 AM
At 10.49 AM, Sensex was up 147.16 points or 0.20 per cent at 83,242 and Nifty was up 40.85 points or 0.16 per cent at 25,459.4.
Motilal Oswal Financial Services suggests buying 5 stocks
Meanwhile, brokerage firm Motilal Oswal Financial Services Ltd (MOFSL) suggested buying five stocks from a long-term perspective.
L&T Finance, HDFC Life, Coal India, Persistent, and ITC shares to buy
The brokerage has picked L&T Finance, HDFC Life, Coal India, Persistent Systems, and ITC shares for one year—a look at these stocks' target prices.
HDFC Life share price target
MOFSL picks HDFC Life Insurance Company for a target of Rs 900. On Tuesday, September 17, the stock closed at Rs 699.4 each. This means the share has a potential upside of up to 29 per cent from its last closing price.
Coal India share price target
The brokerage has picked Coal India for a target of Rs 600. On Tuesday, September 17, the stock closed at Rs 488.5 each. This means the share has a potential upside of up to 23 per cent from its last closing price.
Share price target of Persistent Systems
MOFSL has also picked Persistent Systems stock for one year for a target of Rs 6,300. On Tuesday, September 17, the stock closed at Rs 5,356 each. This means the share has a potential upside of up to 18 per cent from its last closing price.
What is ITC share price target?
The next stock on the list is ITC. The brokerage suggests buying for a target of Rs 575. On Tuesday, September 17, the stock closed at Rs 507.5 each. This means the share has a potential upside of up to 13 per cent from its last closing price.
L&T Finance share price target
MOFSL suggests buying L&T Finance stock for one year for a target of Rs 230. On Tuesday, September 17, the stock closed at Rs 175.9 each. This means the share has a potential upside of up to 31 per cent from its last closing price.
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.