Long-term stock ideas: Sharekhan picks these 5 stocks for up to 40% gains; check our targets
These stocks include HUL, Ashok Leyland, HDFC Bank, Kajaria Ceramics, and JK Lakshmi. Let's check their targets and stop losses. The brokerage suggests buying these stocks for around one year.
In early trade, the Sensex jumped 40.82 points to 81,094.01, while the Nifty advanced 16.90 points to 24,828.40.
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Rupee vs Dollar
The rupee moved in a limited range and rose 5 paise to 83.88 versus the US dollar in early trade on Friday.
Sharekhan picks 5 stocks
Meanwhile, brokerage Sharekhan has recommended buying five stocks for over 40 per cent returns.
HUL, Ashok Leyland, HDFC Bank, Kajaria Ceramics, and JK Lakshmi stocks to buy
These stocks include HUL, Ashok Leyland, HDFC Bank, Kajaria Ceramics, and JK Lakshmi. Let's check their targets and stop losses. The brokerage suggests buying these stocks for around one year.
HUL share price target
Sharekhan has advised buying HUL stocks for a target price of Rs 3,260 per share. On August 22, 2024, the HUL shares closed at Rs 2,791.6 each. In this way, the stock can get a return of about 17 per cent from the current price.
What is the share price target of Ashok Leyland?
Sharekhan has advised buying HUL stocks for a target price of Rs 285 per share. On August 22, 2024, the HUL shares closed at Rs 261.7 each. In this way, the stock can get a return of about nine per cent from the current price.
Share price target of HDFC Bank
Sharekhan has also picked HDFC Bank stock for a target of Rs 1,900 each. On August 22, 2024, the HDFC Bank shares closed at Rs 1,631.8 each. In this way, the stock can get a return of about 16 per cent from the current price.
Kajaria Ceramics share price target
Sharekhan has picked Kajaria Ceramics stock for a target of Rs 1,700 each. On August 22, 2024, the Kajaria Ceramics shares closed at Rs 1,346.9 each. In this way, the stock can get a return of about 26 per cent from the current price.
JK Lakshmi Cement share price target
JK Lakshmi Cement stock is also added to the list of Sharekhan's picks. The target is Rs 1,100. On August 22, 2024, the JK Lakshmi shares closed at Rs 779.5 each. In this way, the stock can get a return of over 40 per cent from the current price.
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.