PSU Shares to Buy | Brokerages recommend 4 Maharatna, 2 Navratna, 1 Miniratna stocks; note down targets
PSU Shares to Buy: Analysts from various domestic brokerage firms have a 'buy' stance on many stocks from these categories. Among the top picks are ten prominent names, including BHEL, NTPC, NMDC, and Power Finance.
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04:56 PM IST
Maharatna & Navratna Stocks to Buy: Are you looking to add PSU stocks to your investment portfolio? Several Maharatna, Navratna and Miniratna companies' scrips are on analysts' radar, having delivered significant returns in the post-pandemic period.
Analysts from various domestic brokerage firms have a 'buy' stance on many stocks from these categories. Among the top picks are ten prominent names, including BHEL, NTPC, NMDC, and Power Finance.
Based on brokerage targets, these stocks could deliver returns of up to 28 per cent from Wednesday’s (June 18) closing.
Here is the list of these stocks along with their respective share price targets:
Maharatna Stocks to Buy | NTPC shares
Axis Securities recommends buying NTPC shares with a target of Rs 365. Analysts at Geojit also suggest buying the PSU stock with a target of Rs 368. Based on these targets, the stock could rise by up to 10.67 per cent.
Miniratna Stocks to Buy | Cochin Shipyard shares
IDBI Capital recommends buying shares with a target of Rs 2,100, implying an upside of 2 per cent.
Navratna Stocks to Buy | Bharat Electronics shares
Geojit suggests buying shares with a target of Rs 441, indicating a potential return of 10 per cent.
Navratna Stocks to Buy | NMDC shares
Canara Bank Securities recommends buying shares with targets of Rs 81–88 and a stop loss at Rs 61.50 for a 9–10 week horizon. MOFSL also has a 'buy' call on the Navratna PSU with a target of Rs 83. Based on analysts' targets, the stock has the potential to rise by up to 28.76 per cent.
Maharatna Stocks to Buy| OIL India shares
MOFSL recommends buying shares with a target of Rs 495, indicating a return of 5.24 per cent.
Maharatna Stocks to Buy | Power Grid shares
ICICI Securities recommends buying shares with a target of Rs 361. According to the brokerage, the energy sector stock could rise by up to 25.78 per cent in the near term.
Maharatna Stocks to Buy | Power Finance shares
MOFSL has a 'buy' call with a target of Rs 485, implying an upside of 22.19 per cent.
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