Stocks to Buy: Motilal Oswal recommends buying ONGC, LIC Housing, Gland Pharma, other scrips for nearly 49% gains; note down targets
Stocks To Buy: Analysts are bullish on largecap and midcap scrips that can give a return of up to 49 per cent. Check out target price -
Stocks to Buy: Ahead of the key RBI monetary policy outcome tomorrow, domestic equities ended on lower on Thursday's session (February 6) amid mixed global cues. Amid this, domestic brokerage Motilal Oswal Financial Services (MOFSL) has recommended buying several stocks with a perspective of long term ranging from largecap to midcap category.
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Largecap, Midcap Stock: MOFSL's Picks
MOFSL's analysts have handpicked eight largecap and midcap scrips that can give a return of up to 49 per cent.
Largecap Stock to Buy: ONGC Shares
MOFSL recommends buying Oil and Natural Gas Corporation Limited shares for a target of Rs 305, implying a potential upside of 19.04 per cent from today's closing of Rs 260.50 on the BSE website.
Target Price: Rs 305
Largecap Stock to Buy: LIC Housing Finance Share
Analysts suggest buying LIC Housing Finance shares for a target of Rs 690 which implies a potential upside of 19.89 per cent. The stock closed at Rs 575.50, apiece the BSE website.
Target Price: Rs 690
Largecap Stock to Buy: Gland Pharma Share
MOFSL has a 'buy' call on Gland Pharma shares for a target of Rs 1840, implying a potential upside of 21.21 per cent from today's closing of Rs 1,518.90 on BSE.
Target Price: Rs 1,840
Midcap Stock to Buy: Triveni Turbine Share
The brokerage has a 'buy' stance on Triveni Turbine shares with a target of Rs 780, implying a potential upside of 37.16 per cent. The stock closed at Rs 568.65, apiece the BSE website.
Target Price: Rs 780
Largecap Stock to Buy: Nuvama Wealth Share
MOFSL recommends buying Nuvama Wealth shares with a target of Rs 6800, implying a potential upside of 15.1 per cent. The stock closed at Rs 5907, apiece the BSE website.
Target Price: Rs 6800
Midcap Stock to Buy: Vinati Organics Share
Analysts have a 'buy' recommendation on Vinati Organics shares with a target of Rs 2,600. The stock closed at Rs 1741.90, apiece the BSE website, implying a potential upside of 49.26 per cent.
Target Price: Rs 2600
Midcap Stock to Buy: Godrej Agrovet Share
The brokerage has recommended buying Godrej Agrovet shares with a target of Rs 940. The given target implies a potential upside of 23.02 per cent.
Target Price: Rs 940
Midcap Stock to Buy: GR Infraprojects Share
MOFSL has suggested buying GR Infraprojects shares for a target of Rs 1410 which implies a potential upside of 17.6 per cent.
Target Price: Rs 1,410
Stock Market Update
At closing (February 6), the 30-share BSE Sensex ended with a cut of 0.27 per cent or 213.12 points at 78,058.16, while the NSE Nifty50 lost 0.39 per cent or 92.95 points and settled at 23,603.35.