MOFSL picks 5 stocks for up to 22 per cent returns; check targets and stop losses
The 30-share BSE Sensex rose 620.73 points, or 0.80 per cent, to a fresh closing high of 78,674.25. The Nifty rose by 147.50 points, or 0.62 per cent, to a record closing high of 23,868.80.
Brokerage Motilal Oswal Financial Services Ltd (MOFSL) has selected five quality stocks in its fundamental pick.
Motilal Oswal Financial Services picks 5 stocks
From Wednesday's (June 26) closing price, these shares can give strong returns of up to 22 per cent in the next one year.
5 stocks to buy
Let's take a look at these five scrips and their targets and stop losses.
L&T share price target
Brokerage MOFSL has suggested buying L&T shares and given the target of Rs 4,400 per share. This implies an upside of 22 per cent from its last closing price. On Wednesday, June 26, shares of L&T last traded at Rs 3,605.9 each on BSE.
Share price target of J K Cement
The brokerage has suggested J K Cement's shares for a target price of Rs 5,300 each. This can give returns of over 20 per cent from its current price. On Wednesday, June 26, shares of J K Cement last traded at Rs 4,393.8 each on BSE.
What is Bharti Airtel's share price target
MOFSL has suggested to buy Bharti Airtel with a target price of Rs 1,640 each. This can give more than 12 per cent returns from Wednesday's (June 26) closing price of Rs 1458.6 each.
Share price target Lemon Tree Hotels
The next stock chosen by MOFSL is Lemon Tree Hotels. The brokerage has given a target of Rs 175. This implies an upside of 18 per cent from its last closing price. On Wednesday, June 26, shares of Lemon Tree Hotels last traded at Rs 148 each on BSE.
Share price target JSW Steel
The last share is the list is JSW Steel for a target of Rs 1,070 each. This implies an upside of 16 per cent from its last closing price. On Wednesday, June 26, shares of JSW Steel last traded at Rs 920 each on BSE.
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.