5 Stocks to Buy for Long-term: HCC, PNB Housing, JK Lakshmi Cement & 2 more stocks to buy for up to 34% gains
At the opening of the trading session today, BSE Sensex was up 468.75 points or 0.59 per cent at 80,064.34, while the Nifty at National Stock Exchange (NSE) was up 136.25 points or 0.56 percent at 24,303.50.
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02:13 PM IST
Today, April 23, the Indian stock market began the day in green thanks to sustained foreign investment, encouraging economic data, and excitement about a possible bilateral trade agreement between the US and India.
At the opening of the trading session today, BSE Sensex was up 468.75 points or 0.59 per cent at 80,064.34, while the Nifty at National Stock Exchange (NSE) was up 136.25 points or 0.56 percent at 24,303.50.
Meanwhile, the Rupee depreciated 15 paise to 85.34 against the US dollar in early trade on Wednesday.
5 Stocks to Buy for Long-term
Brokerage Mirae Asset Sharekhan has chosen five stocks from a long-term perspective for up to 34 per cent gains. These stocks include HCC, PNB Housing, Transport Corporation, JK Lakshmi Cement, and PNB. Let's check the target prices and other details given by the analysts.
Share price target of PNB
Brokerage Mirae Asset Sharekhan has given a target of Rs 125 each for Punjab National Bank (PNB) stock. Shares of PNB last traded at Rs 103.36 per share on Tuesday, April 22. This means the stock has a potential upside of up to 21 per cent from its last closing price.
JK Lakshmi Cement share price target
The analysts have given a target of Rs 1,100 each for JK Lakshmi Cement. Shares of JK Lakshmi Cement closed at Rs 821.8 per share on Tuesday, April 22. This means the stock has a potential upside of up to 34 per cent from its last closing price.
What is the share price target of Transport Corporation?
The brokerage also suggests buying Transport Corporation of India shares for a target of Rs 1,400 each. Shares of Transport Corporation last traded at Rs 1,098.35 per share on Tuesday, April 22. This means the stock has a potential upside of up to 27 per cent from its last closing price.
Share price target of HCC
The analysts have given a target of Rs 33 each for HCC stock. Shares of Hindustan Construction Company Ltd (HCC) closed at Rs 28.11 per share on Tuesday, April 22. This means the stock has a potential upside of up to 17 per cent from its last closing price.
What is the share price target of PNB Housing?
The brokerage also suggests buying PNB Housing Finance Ltd (PNB Housing) shares for a target of Rs 1,057 each. Shares of Transport Corporation last traded at Rs 994.1 per share on Tuesday, April 22. This means the stock has a potential upside of up to 6 per cent from its last closing price.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.
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