MOFSL's 5 picks may give up to 21% returns, check targets
Brokerage Motilal Oswal Financial Services (MOFSL) has picked five stocks for more than one year which can provide up to 21 per cent returns.
The Sensex closed 204.33 points or 0.27 per cent higher at 76,810.90, and the Nifty was up 75.90 points or 0.33 per cent at 23,398.90 today, June 13. About 2048 shares advanced, 1371 shares declined, and 80 shares unchanged.
Top gainers
Today, Shriram Finance, HDFC Life, Divis Labs, M&M and Titan Company were among the top gainers on the Nifty.
Top losers
While losers included HUL, Power Grid Corp, Axis Bank, Britannia Industries, and Eicher Motors.
Motilal Oswal picks 5 stocks
Meanwhile, brokerage Motilal Oswal Financial Services (MOFSL) has picked five stocks for over one year which can provide up to 21 per cent returns. Check below:
L&T
The first stock picked by brokerage MOFSL is L&T. The brokerage has given a target price of Rs 4,400. This implies around 20 per cent upside from its last closing price of Rs 3704.25 on Thursday, June 13.
Tata Consumer
The second stock picked by the brokerage is Tata Consumer with a target of Rs 1,550. This can give you a return of over 21 per cent from its closing price of Rs 1114.4 on Thursday, June 13.
ICICI Bank
The third stock on the list is ICICI Bank. MOFSL has given a target of Rs 1,300 per share. This is an upside of around 18 per cent from its last closing price of Rs 1107.4 on Thursday, June 13.
Bharti Airtel
The next stock chosen by MOFSL is Bharti Airtel for a target price of Rs 1,640. On Thursday, June 13, the shares of Bharti Airtel closed at Rs 1426.5 which means the stock can give returns of up to 15 per cent.
Polycab India
The last stock picked by MOFSL is Polycab. The brokerage has given a target price of Rs 7,850. This implies an over 11 per cent upside from its last closing price of Rs 7045.9 on Thursday, June 13.
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.