Stocks To Buy: HDFC, PNB Housing, ICICI Lombard GI amongst 5 stocks for 46% returns
Stocks To Buy: Brokerage firms have recommended five stocks having the potential to yield up to 46 per cent in 2023. 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.)
PNB Housing Brokerage firm Nirmal Bang has recommended buying shares of PNB Housing for a target price of Rs 630-770 apiece with a stop loss of Rs.410 per share. On December 30, 2022, the stock ended at Rs 528. Investors can earn a return of Rs 242 per share or up to 46 per cent. Image source- Pixabay
HDFC Ltd Brokerage firm Nirmal Bang has recommended buying shares of HDFC Ltd for a target price of Rs 3000-3150 per share with a stop loss of Rs 2470 apiece. On 30 December 2022, the housing finance company’s stock settled at Rs 2,642 apiece. Investors can earn a return of Rs 508 per share or up to 19 per cent. Image source- Pixabay
REC Limited Brokerage firm Nirmal Bang has recommended buying shares of REC Limited for a target price of Rs 145 per share with a stop loss of Rs.103. On December 30, 2022, the share of the finance corporation ended at Rs 117 per share. Investors can earn a return of Rs 28 per share or up to 24 per cent. Image source- Pixabay
ICICI Lombard Brokerage firm Nirmal Bang has recommended buying shares of ICICI Lombard General Insurance Co Ltd for a target price of Rs 1420 apiece with a stop loss of Rs 1100 per share. On 30 December 2022 the counter finished at Rs 1,239. Investors can earn a return of Rs 181 per share or up to 15 per cent. Image source- Pixabay
Bajaj Electricals Brokerage firm Nirmal Bang has recommended buying shares of Bajaj Electricals for a target price Rs 1600 per share with a stop loss of Rs 970 apiece. On 30 December 2022, the scrip closed at Rs 1,219. Investors can earn a return of Rs 381 per share or up to 31 per cent. Image source- Pixabay