Top 7 stocks that can help you get up to 71% returns; know brokerage calls and targets
Share market opened in red on Wednesday, May 8, 2024. While Nifty slid below the 22,250, BSE Sensex was down by more than 200 points. The market also closed in negative a day ago. As the market is yet to recover, brokerages such as Nuvama, Axis Securities, ICICI Securities, Prabhudas Lilladher, and Phillip Capital have picked a number of shares and have given target of up to 65% upside. Here's the list of seven stocks that the brokerages have picked-
Vodafone Idea
Nuvama has given a 'hold' rating on the telecom company with a target price of Rs 14, which is 13.09% upside from the stock's closing price of Rs 12.38 on Tuesday.
Britannia Industries
Axis Securities has given a 'buy' rating on Britannia with a target price of Rs 5,800, which is 12.16% upside from its closing price of Rs 5,171.05 on Tuesday.
Hindalco
Axis Securities has a 'buy' stance on Hindalco with a target price of Ts 720, which is 16.13% higher than its closing price of Rs 620.00 on Tuesday.
ICICI Securities has maintained a 'buy' call on Hindalco with atarget price of Rs 770, a 24.19% upside from Tuesday's closing price.
Aarti Drugs
Axis Securities has a 'buy' call on the pharma stock. It has given a target of Rs 570, which is 19.75% upside from the closing price of Rs 476.00 on Tuesday.
Kansai Nerolac
ICICI Securities has maintained an 'add' rating on the firm. The brokerage target of Rs 305 is 7.66% higher than the market closing price of Rs 283.30 on Tuesday.
Tatva Chintan Pharma
ICICI Securities has maintained a 'buy' call on the pharma stock. The brokerage has given a target of Rs 1,850, which is 54.40% upside from the stock's closing price of Rs 1198.20 on Tuesday.
Sanghi Industries
Phillip Capital has maintained a 'buy' rating on the firm. It has a target of Rs 155 for the stock, which is 70.14% upside from the closing price of Rs 91.10 on Tuesday.