From NTPC to Coal India - 5 stocks to buy for solid returns in 1 year | Check targets
Stocks To Buy: There is a good recovery in the share market as benchmark equity indices continued to rally for the third day running on Friday. In the past two days, the BSE benchmark surged 2,995.46 points or 4.15 per cent after Tuesday's massive rout.
Stocks To Buy
Stocks To Buy: In such a scenario, investors must have a long-term view. Brokerage house Sharekhan has picked 5 stocks to buy with strong fundamentals. These include NTPC, HUL, Indian Hotel, Coal India, Bank of Baroda. According to the brokerage, stocks of these companies - including some PSUs - can give returns of up to 22 per cent in the next 1 year. Check the target price.
Stocks To Buy: NTPC
NTPC is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power. Sharekhan has given a BUY rating on NTPC and has set the target per share at Rs 425. On June 6, 2024, the share closed at Rs 351. At this price, the stock can yield further returns of 22 per cent.
Stocks To Buy: HUL
Sharekhan has given BUY rating on HUL or Hindustan Unilever Limited. The target per share is Rs 2,910 per share. On June 6, 2024, the share closed at Rs 2,555. At this price, the stock can give further returns of 14 per cent.
Stocks To Buy: Indian Hotel
The brokerage has given a BUY rating on Indian Hotel and has set the target per share at Rs 679 per share. On June 6, 2024, the share closed at Rs 584. From here, the stock can give further returns of 16 per cent.
Stocks To Buy: Coal India
Stocks To Buy: Sharekhan has given a BUY rating to PSU Coal India. The target per share is Rs 550 per share. On June 6, 2024, the counter closed at Rs 473. At this price, the stock can give a further return of 17 per cent.
Stocks To Buy: Bank of Baroda
Stocks To Buy: Sharekhan has given a BUY rating to the Bank of Baroda (BoB). The target price per share of the PSU stock is Rs 310. On June 6, 2024, the share closed at Rs 268. At this price, the stock can give a further return of 16 per cent.
Stocks To Buy: Disclaimer
Stocks To Buy: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.