Stocks to buy: Federal Bank, Devyani International among 5 shares for 64% return
Stocks to buy: Brokerage firms have recommended five stocks having the potential to yield up to 64 per cent. One may consider the brokerage recommendations for positive yield.
(Disclaimer: The advice given here to invest in stocks is given by a brokerage house. These are not the views of Zee Business. Consult your advisor before investing.)Federal Bank
Federal Bank
Brokerage firm Sharekhan has recommended buying shares of Federal Bank for a target price of Rs 165 per share. On December 21, 2022, the stock settled at Rs.131 apiece. Investors can earn a return of Rs 34 per share or 26 per cent. Image source- Pixabay
GMM Pfaudler
Brokerage firm Axis Capital has recommended buying shares of GMM Pfaudler for a target price of Rs 2,644 per share. On December 21, 2022, the share of the company ended Rs 1,614 apiece. Investors can earn a return of Rs 1030 per share or about 64 per cent. Image source- Pixabay
Suprajit Engineering
Brokerage firm Sharekhan has recommended buying Suprajit Engineering shares for a target price of Rs 403 per share. On December 21, 2022, the share of auto components manufacturer closed at Rs 333 apiece. Investors can earn a return of Rs 70 per share or about 21 per cent. Image source- Pixabay
Devyani International
Brokerage firm Sharekhan has recommended buying shares of Devyani International for a target price of Rs 231 per share. On December 21, 2022, the share of the quick service restaurant chain operator ended at Rs 183 apiece. Investors can earn a return of Rs 48 per share or about 26 per cent. Image source- Pixabay
Sumitomo Chemical
Brokerage firm Nirmal Bang has recommended to buy Sumitomo Chemical’s shares for a target price of Rs 543 apiece. On December 21, 2022, the stock closed at Rs 476 per share. Investors can earn a return of Rs 67 per share or about 14 per cent. Image source- Pixabay