5 Stocks to Buy for up to 12 Months: Analysts choose HDFC Bank, Affle India, BEL and 2 more stocks for over 40% returns; check out targets
Tata Consultancy Services, Infosys, Tech Mahindra, HCL Tech, and Hindustan Unilever were among the top gainers today. The biggest laggards in the 30-share blue-chip pack were Mahindra & Mahindra, Zomato, Reliance Industries, Axis Bank, IndusInd Bank, Asian Paints, ITC, and Adani Ports.
The benchmark indexes Sensex and Nifty fell in early trade on Wednesday, as continuous foreign capital outflows and trade war fears continued to worry investors. The 30-share BSE benchmark Sensex fell 274.56 points to 76,019.04 in early trading. The NSE Nifty fell 78.45 points, reaching 22,993.35.
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Top gainers
Tata Consultancy Services, Infosys, Tech Mahindra, HCL Tech, and Hindustan Unilever were among the top gainers.
Top losers
The biggest laggards in the 30-share blue-chip pack were Mahindra & Mahindra, Zomato, Reliance Industries, Axis Bank, IndusInd Bank, Asian Paints, ITC, and Adani Ports.
Rupee vs Dollar
The rupee recovered from its lowest level for the second consecutive session on Wednesday, rising 27 paise to 86.52 versus the US dollar, aided by lower crude oil prices and Reserve Bank measures.
Stocks to buy
Despite the fall, brokerage Mirae Asset Sharekhan suggests buying five stocks from a long-term perspective.
Affle India, HDFC Banks and 3 more
The analysts have chosen Affle India, Garware Hi-Tech, HDFC Bank, Transport Corporation and Bharat Electronics for up to 12 months. Take a look at these stocks' target prices.
HDFC Bank share price target
The first stock on the list is HDFC Bank. The target is Rs 2,100 per share. On Tuesday, February 11, shares of HDFC Bank closed at Rs 1,699.9 each. This means the stock has a potential upside of up to 24 per cent from its last closing price.
What is the target price of Affle India stock?
The next stock on the list is Affle India. The target is Rs 1,880 each. On Tuesday, February 11, shares of HDFC Bank closed at 1,572 each. This means the stock can provide up to 20 per cent returns from its previous closing price.
Garware Hi-Tech share price target
Analysts also suggest buying Garware Hi-Tech Films shares for a target of Rs 5,111 each. On Tuesday, February 11, shares of Garware Hi-Tech closed at 3,650.75 each. This means the stock can provide up to 40 per cent returns from its previous closing price.
Transport Corporation share price target
The next stock on the list is Transport Corporation of India shares. The target is Rs 1,400 each. On Tuesday, February 11, shares of Garware Hi-Tech closed at 1,054.4 each. This means the stock can provide up to 33 per cent returns from its previous closing price.
Bharat Electronics share price target
The last stock on the list is Bharat Electronics shares. The target is Rs 380 each. On Tuesday, February 11, shares of Garware Hi-Tech closed at 265.1 each. This means the stock can provide over 43 per cent returns from its previous 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.