Analysts expect up to 53% returns in these stocks over long term; SBI, Zydus, Polycab on the list
Except for Jakarta and Tokyo, Asian markets such as Seoul, Shanghai, Bangkok, and Hong Kong were trading in green. The prior trading day saw US stock markets ended in the red.
The Indian stock market began in the red on Monday (November 18), with selling observed in the IT, PSU bank, and pharmaceutical sectors.
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Sensex and Nifty today
At 12.51 PM, the Sensex was trading at 77,540.51, down 39.8 points (0.051 per cent), while the Nifty was at 23,518.00, down 14.70 points (0.062 per cent).
What do analysts say?
According to market analysts, despite the Nifty's decline, the market shows no signs of durable improvement at the moment. Consequently, investors are recommended to be careful.
Global market
Except for Jakarta and Tokyo, Asian markets such as Seoul, Shanghai, Bangkok, and Hong Kong were trading in green. The prior trading day saw US stock markets ended in the red.
Sharekhan picks 5 stocks
Meanwhile, brokerage Sharekhan suggested buying five stocks for more than a year. Let's take a look at their target prices.
Returns on these stocks
According to the experts, these stocks can provide over 55 per cent returns in more than 12 months.
Share price target of Allcargo Gati
The brokerage has given a target of Rs 128 per share. On Thursday (14 November), the stock closed at Rs 91.96 each. This way, the stock can provide up to 39 per cent returns from its last closing price.
Zydus Wellness Share Price Target
The experts have given a target of Rs 3,000 apiece. On Thursday (14 November), the stock closed at Rs 1,961.6 each. This means, the stock has a potential upside of up to 53 per cent from its last closing price.
SBI share price target
Sharekhan also suggests buying shares of State Bank of India (SBI). Tha taregt is Rs 975 each. On Thursday (14 November), the stock closed at Rs 804.1 each. This means, the stock has a potential upside of up to 21 per cent from its last closing price.
Share price target of Polycab India
The brokerage has given a target of Rs 8,300 per share. On Thursday (14 November), the stock closed at Rs 6300.95 each. This way, the stock can provide up to 32 per cent returns from its last closing price.
Puravankara Share Price Target
The experts have given a target of Rs 482 apiece. On Thursday (14 November), the stock closed at Rs 344 each. This means, the stock has a potential upside of up to 40 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.