Stocks to buy: MOFSL suggests buying Bharti Airtel, TCS and 3 more stocks for up to 20% gains; check targets and stop losses
The Nifty gained 15.65 points, or 0.06 per cent, to close at a new high of 24,302.15. Intraday, it rose 114.5 points to a new lifetime high of 24,401.
The equity benchmark indices Sensex and Nifty rose to new all-time highs on Thursday, July 4 boosted by purchasing in market heavyweights ICICI Bank, Infosys, and TCS amid a broadly favourable trend in global stocks.
BSE Sensex today
The 30-share BSE Sensex rose 62.87 points, or 0.08 percent, to record a new closing high of 80,049.67. During the day, it gained 405.84 points, reaching a new all-time high of 80,392.64.
Nifty 50
The Nifty gained 15.65 points, or 0.06 per cent, to close at a new high of 24,302.15. Intraday, it rose 114.5 points to a new lifetime high of 24,401.
MOFSL picks 5 stocks
Meanwhile, brokerage Motilal Oswal Financial Services Ltd (MOFSL) has suggested buying five stocks - Polycab, Bharti Airtel, Lemon Tree, TCS, and HDFC Bank for one year for up to 20 per cent gains. Let's take a look at their target prices and stop losses.
Polycab share price target
MOFSL has suggested buying Polycab India's shares. The brokerage has given a target of Rs 7,850. Today, July 4, shares of Polycab closed 0.7 per cent lower at Rs 6,662.9 each. This means the stock has the potential of providing up to 18 per cent returns.
HDFC Bank share price target
The second stock suggested by MOFSL is HDFC Bank. The brokerage has given a target of Rs 1,950. Today, July 4, shares of Polycab closed 2.4 per cent lower at Rs 1,726.6 each. This means the stock has the potential of providing up to 13 per cent returns.
TCS share price target
The next stock on the bucket list is TCS. The brokerage suggests buying the stock for a target price of Rs 4,600. This means, the stock can provide a return of 14 per cent from its today's (July 4) share price of Rs 4,021.3.
Share price target of Bharti Airtel
MOFSL also suggested buying Bharti Airtel shares for a target of Rs 1,680. Today, July 4, shares of telecom company closed at Rs 1,424.5 each, up 0.32 per cent on BSE. This means the stock has the potential of providing up to 18 per cent returns.
What is Lemon Tree share price target
The last but not the least in the list is Lemon Tree Hotels' shares. The target price given by the brokerage is Rs 175. This means the stock can provide a return of up to 20 per cent from its today's (July 4) share price of Rs 146.3 each.