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4 largecap stocks at new highs that retail investors can still bet on for up to 16% returns
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
Even as Nifty is still over 3 per cent away from its all-time high of 26,277.35 marked in September last year, bulls continue to rejoice despite June F&O expiry and cautious Fed. Furthermore, in trade today, amid strong buying action in banking heavyweights, including HDFC Bank and ICICI Bank among others- Nifty Bank marked its new record high.
Nevertheless, market experts believe that as the reciprocal tariff issue remains to be addressed, sustained rally seems difficult from hereon. However, a likely India-US deal may rigger a new leg of rally on the D-Street.
So, even as the near-term outlook looks uncertain, some of the stocks that marked new 52-week high today based on fundamentals still offer room for further upside. Here below we will discuss these stocks and the potential upside.
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Why 52-week high price matters?
1/6A breakout above the 52-week high price is viewed as a positive signal by technical analysts as they believe the stock may rise further in case trading volume support.
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Stocks at new 52-week high that still offer further upside
2/6Here we lists some of the stocks that reached fresh 52-week high today and still offer further upside.
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Bharti Airtel target price
3/6Bharti Airtel shares surged to new 52-week high of Rs 2,015.5. Sharekhan betted on the stock with the target at Rs 2,170, implying further upside of nearly 8 per cent.
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Hyundai Motor India target price
4/6The stock marked its new 52-week high of Rs 2,145 today. Ventura Securities suggested a target of Rs 2,347 for the scrip- meaning potential gains of over 10 per cent.
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L&T Finance target price
5/6The stock in trade today marked a new 52-week high of Rs 206.6. Sharekhan in its report on the stock gave a target of Rs 240, signalling a further possible upside of over 16 per cent.
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Max Financial Services target price
6/6The NBFC stock marked its new 52-week high of Rs 1,636.1. Sharekhan on the scrip suggested a target of Rs 1,850- implying possible gains of over 13 per cent from the last close.
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