Brokerages pick SBI, Bank of India, Titan, ITC and other stocks for up to 35% gains; check targets
At 11.18 AM, BSE Sensex was 0.79 per cent or 635.22 points up at 79,394.62 while Nifty 50 was 0.78 per cent or 186.5 points higher at 24,242.10.
The Indian benchmark indexes roared back on Tuesday after a disappointing Monday, with the Sensex rising more than 900 points and the Nifty trading about 300 points higher in the early morning session.
BSE Sensex and Nifty 50
At 11.18 AM, BSE Sensex was 0.79 per cent or 635.22 points up at 79,394.62 while Nifty 50 was 0.78 per cent or 186.5 points higher at 24,242.10.
Sharekhan picks 5 stocks
Meanwhile, brokerage Sharekhan has suggested buying five stocks from a long-term perspective.
Bank of India, SBI, Titan Company, Zydus Wellness and Tech Mahindra
These stocks include Bank of India, SBI, Titan Company, Zydus Wellness and Tech Mahindra.
Targets and stop losses of these 5 stocks
Let's look at their targets and stop losses shared by the brokerage.
1- State Bank of India share price target
The first stock on the list is the State Bank of India (SBI). The brokerage has given a target of Rs 975. The stock closed at Rs 811.1 each on Monday. This means SBI shares can provide returns of up to 20 per cent from its last closing price.
2- What is the target of Zydus Wellness stock?
The next stock on the list is Zydus Wellness. The target is Rs 3,000. This means the stock has an upside of up to 35 per cent from its last closing price of Rs 2,229.05 on Monday.
3- Tech Mahindra share price target
The brokerage has also suggested buying Tech Mahindra shares. The target is Rs 1,715 each. The stock can provide returns of up to 18 per cent from its last closing price of Rs 1,456.3 on Monday.
4- Bank of India share price target
Sharekhan has also chosen the Bank of India as a fundamentally strong stock. The target is Rs 165. The stock closed at Rs 122.3 each on Monday. This means the stock has an upside of up to 35 per cent from its last closing price.
5- Titan Company
Sharekhan has given buying advice on Titan Company stock. Also, the target price per share is Rs 3,990. On August 5, 2024, the share price closed at Rs 3,374. This way the stock can get a strong return of about 18 per cent from its last closing price.
Jefferies picks ITC and HUL stocks
Brokerage Jefferies has recommended buying ITC and HUL stocks for up to 21 per cent returns.
ITC share price target
Brokerage Jefferies suggests buying ITC chares for a target of Rs 585. This means the stock has an upside of up to 21 per cent from its last closing price on Rs 485.8 each on Monday.
HUL share price target
Jefferies also recommends buying HUL stock for a target of Rs 3,130. This means the stock has an upside of up to 15 per cent from its last closing price on Rs 2,715.9 each on Monday.
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.