MOFSL suggests buying this multibagger PSU stock which has given almost 5x returns in a year; check out target
Meanwhile, brokerage Motilal Oswal Financial Services Ltd (MOFSL) suggests buying PSU multibagger stock HUDCO. Let's check its target price and stop loss.
On Thursday, July 25, the Sensex fell 109.08 points to end at 80,039.80, while the Nifty fell 7.40 points to 24,406.10.
Motilal Oswal Financial Services Ltd (MOFSL) picks HUDCO
Meanwhile, brokerage Motilal Oswal Financial Services Ltd (MOFSL) suggests buying PSU multibagger stock HUDCO. Let's check its target price and stop loss.
PSU stock to buy
MOFSL has recommended buying Housing & Urban Development Corporation Ltd (HUDCO) which has given almost 400 per cent returns in one year.
HUDCO share price target
The brokerage has suggested buying HUDCO shares on a positional basis for a target of Rs 344.
Stoploss of HUDCO
MOFSL advised maintaining the stop loss at Rs 288.
Expected returns
On Thursday, July 25, shares of HUDCO last traded at Rs 316.6 each, up 1.04 per cent on BSE. This means the stock can provide up to nine per cent returns from its last closing price.
HUDCO's 52-week high and low
The stock's 52-week high is Rs 354 and its 52-week low is Rs 60.8.
HUDCO signs MoU with Rajasthan government
HUDCO has signed an MOU worth Rs 1 lakh crore with the Rajasthan government. This agreement is about financing housing and urban infrastructure in the state. This is for the next five years.
Disclaimer: 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.