From HUL to Ashok Leyland: Buy these 5 stocks for up to 31% return - Check target price
Best Stocks to Buy Today: Benchmark indices slumped for the fifth day on Friday amid tensions in the Middle East. While the Sensex tanked 600 points to give up the level of 72K, the Nifty dropped over 218 points to 21,777.65. Amid this, brokerage firm Sharekhan picked five fundamental stocks that can give good returns in the long term.
These stocks include Indian Hotels, PSU Coal India, HUL, Ashok Leyland, and IT major Infosys. According to the brokerage firm, investors can get a return of up to 31 per cent in these stocks. Check out the target price.
Indian Hotels
Sharekhan has given a 'buy' call on Indian Hotels stock and has set the target price of Rs 679 per share. On April 18, 2024, the share price closed at Rs 595. From here, the stock has the potential to give a return of 14 per cent.
Coal India
The brokerage firm is bullish on PSU stock Coal India and has a target price of Rs 550 per share. On April 18, 2024, the share price closed at Rs 442 and therefore has the potential of giving a 25 per cent return.
Ashok Leyland
Sharekhan has set Rs 221 per share as the target price for this stock. On April 18, 2024, the counter had closed at Rs 169. From here, the stock can give a return of 31 per cent.
Infosys
Sharekhan has given a 'buy' call on this IT stock. The brokerage firm has set a target price of Rs 1,850 per share. On April 18, 2024, the share price closed at Rs 1,429. At this price, the stock can yield a return of 29 per cent.
Hindustan Unilever
The brokerage firm has set the target price for Hindustan Unilever (HUL) at Rs 2,910 per share. On April 18, 2024, the share price closed at Rs 2,216. At this price, the stock can give a return of 31 per cent.
Disclaimer
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.