Stocks to buy: Sharekhan picks Tata Motors, APL Apollo Tubes, Kirloskar Oil and 2 more stocks for 1 year; check out targets
Titan, Apollo Hospitals, Tata Consumers, Dr Reddy's, and HCL Tech were among the top gainers in the Nifty 50 at the start of trading today, August 14.
On Wednesday (August 14), Indian stock markets began modestly higher due to global signals and a rebound in US stock markets.
According to market analysts, the Indian markets are in equilibrium, with FIIs selling and DIIs purchasing.
Nifty 50 and BSE Sensex
The Nifty 50 index on the National Stock Exchange started 0.19 per cent, or 45.40 points, higher at 24,184.40 points, while the BSE Sensex index rose 109 points, or 0.14 per cent, to 79,065.22 at the open.
Top gainers
Titan, Apollo Hospitals, Tata Consumers, Dr Reddy's, and HCL Tech were among the top gainers in the Nifty 50 at the start of trading.
Top losers
BPCL, HDFC Bank, HDFC Life, Shri Ram Finance, and ONGC were among the worst performers.
Sharekhan picks 5 stocks
Meanwhile, brokerage Sharekhan has picked five long-term stocks that can provide up to 31 per cent returns.
Stocks to buy for 1 year
These stocks include Balkrishna Ind, Apl Apollo, SP Apparels, Tata Motors, and Kirloskar Oil.
Balkrishna Industries share price target
Brokerage has picked Balkrishna Industries stock for a target of Rs 3,195 each. The stock closed at Rs 2,778.4 apiece on August 13. This means the stock has a potential upside of up to 15 per cent from its last closing price.
APL Apollo Tubes share price target
The second stock on the list is APL Apollo Tubes shares. Sharekhan has suggested buying this stock for a target of Rs 1,850. On Tuesday, August 13, the shares of APL Apollo Tubes closed at Rs 1,410.7 each. This means it can provide up to 31 per cent in one year.
SP Apparels share price target
Sharekhan has picked SP Apparels stock for a target of Rs 1,101 each. The stock closed at Rs 862.5 apiece on August 13. This means the stock has a potential upside of up to 28 per cent from its last closing price.
Tata Motors share price target
Sharekhan has also picked Tata Motors stocks for a target of Rs 1,235. On Tuesday, August 13, the shares of Tata Motors closed at Rs 1,053.6 each. This means it can provide up to 17 per cent in one year.
Kirloskar Oil Engines share price target
The last stock on the list is Kirloskar Oil Engines. Sharekhan has suggested buying this stock for a target of Rs 1,593. On Tuesday, August 13, the shares of Kirloskar Oil closed at Rs 1,242 each. This means it can provide up to 28 per cent in one year.
Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.