5 Stocks to BUY: Brokerage bullish on TVS Motor, Delhivery; targets indicate up to 28% upside – See full list

The stock to consider buying is MTAR Technologies. Brokerage Motilal Oswal is bullish on the stock and has given a target price of Rs 4,810. The stock is currently trading at Rs 4,007, up around 2 per cent. Based on the target price, investors could see potential returns of up to 20.03 per cent over a one-year period.

In its report, Motilal Oswal has picked Delhivery as one of the best yielding stock. The brokerage has given a target price of Rs 580 for the stock. The stock is currently trading at Rs 452, up around 2.5 per cent. Based on this, the brokerage sees an upside potential of nearly 28 per cent in the stock.

Shares of TVS Motor Company are also witnessing strong momentum, with the stock trading 6.67 per cent higher. It's Wednesday closing price was around Rs 3,702. Brokerage Motilal Oswal has set a target price of Rs 4,461 for the stock. Based on this, investors could see potential returns of up to 20.43 per cent by taking a position in the stock.

Buying has also been recommended in State Bank of India. The stock is trading at Rs 1,065.00, up Rs 34.60 or 3.36 per cent as of 3:30 pm IST. The brokerage has set a target price of Rs 1,300 for the stock. Based on this, investors could see potential returns of around 22 per cent by taking a position.

Amid the market rally, shares of ICICI Prudential Asset Management Company are also trading higher, up Rs 129.70 or 4.31 per cent at Rs 3,140.00 as of closing on Wednesday. The brokerage has given a target price of Rs 3,500. From a one-year perspective, this implies a potential upside of around 10.65 per cent.