Sharekhan Picks 5 Stocks with Strong Fundamentals: Tata Motors, ICICI Bank, Can Fin Homes and more; know 12-month target prices
Sharekhan 5 Stock Picks: There are many stocks trading on NSE and BSE that have strong fundamentals and have given multibagger returns to investors. On the basis of market sentiment and news, Sharekhan has picked 5 stocks that can provide an opportunity to make money in the stock market
Sharekhan 5 Top Stocks to Buy: BSE Sensex and Nifty 50 appears to be in a healthy state on Wednesday (June 26, 2024) as both hit record highs. ICICI Bank and Bajaj Finserv were among the top Nifty 50 gainers. Even as market is scaling new highs on Wednesday, brokerage Sharekhan is providing opportunity to invest for the long term with it stock picks. There are many stocks with strong fundamentals that give multibagger returns to investors in the long term. On the basis of market sentiments and news, there is an opportunity to choose good stocks for investment in the market.
Sharekhan has advised buying 5 quality stocks with strong fundamentals for the next 1 year. These stocks include Tata Motors, ICICI Bank, Can Fin Homes, Mrs. Bectors Food, Kirloskar Oil Engines. These stocks can give a great return of up to 30%.
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Sharekhan on Tata Motors
Sharekhan has a 'buy' stance on Tata Motors. The target price per share is Rs 1,235. Tata Motors' share price at close on Tuesday was Rs 955. In this way, the stock can give a return of 30%.
Sharekhan on Can Fin Homes
Sharekhan has made Can Fin Homes a fundamental pick with a 'buy' rating. The target price per share is Rs 1,050. The stock closed trading on BSE on Tuesday at Rs 898. So the stock can give a return of 17% in the future from the current price.
Sharekhan on Mrs Bectors Food
The brokerage has a 'buy' call on Mrs. Bectors Food. The target price per share is Rs 1,705. It ended the trading session on Tuesday at Rs 1,406. So the stock can give a return of 21%.
Sharekhan on Kirloskar Oil Engines
The brokerage house has made Kirloskar Oil Engines a fundamental pick with 'buy' call. The target price per share is Rs 1,593. The stock ended the trading session on Tuesday at Rs 1,376. In this way, the stock can give a return of 16%.
Sharekhan on ICICI Bank
Sharekhan has 'buy' rating on ICICI Bank. The target price per share is Rs 1,300. ICICI Bank shares closed trading on Tuesday at Rs 1,204 each. So the stock can give a return of 8%.
Sharekhan picks
(Disclaimer: The stock investment advice given here is given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.)