Motilal Oswal suggests buying these 4 stocks for up to 40% gains, check targets
The benchmark equity indexes Sensex and Nifty fell almost one per cent on Wednesday, May 29, the fourth day in a row, as cautious investors took profits ahead of the Lok Sabha election results.
BSE Sensex
The 30-share BSE Sensex declined 0.89 per cent to settle at 74,502.90.
NSE Nifty
While the NSE Nifty dropped 183.45 points or 0.80 per cent to 22,704.70.
Motilal Oswal picks these stocks
Despite that, brokerage Motilal Oswal suggests buying four stocks for the long-term. Take a look:
Cello World
The first stock picked by Motilal Oswal is Cello World. The brokerage has given a target price of Rs 1,090. This implies more than 26 per cent upside from its last closing price of Rs 863 on Wednesday, May 29.
Happy Forgings
The second stock picked by the brokerage is Happy Forgings with a target of Rs 1,260. This can give you a return of almost 15 per cent from its closing price of Rs 1,101.1 today, May 29.
LIC
The third stock on the list is LIC. Motilal Oswal suggests a target of Rs 1,270 per share. This is an upside of around 27 per cent from its last closing price of Rs 998.10 today, May 29.
EPL
The next stock chosen by Motilal Oswal is EPL for a target price of Rs 250. On Wednesday, May 29, the shares of EPL closed at Rs 181.6 which means the stock can give returns of up to 38 per cent.
Disclaimer
The views/suggestions/advices expressed here in this article are solely by brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.