Stocks to buy: These 6 auto shares may deliver up to 20% return in short term
Stocks to buy: Domestic brokerage firm Kotak Institutional Equities has recommended six stocks having the potential to deliver bumper returns. One may consider the brokerage recommendations for positive yield.
(Disclaimer: The advice given here to invest in stocks is given by a brokerage house. These are not the views of Zee Business. Consult your advisor before investing.)
Ashok Leyland
Kotak Institutional Equities has recommended buying shares of Ashok Leyland for a target price of Rs 160 apiece. On February 24, 2023, the stock closed at Rs 141 apiece. Investors can earn a return of 13 per cent. Image source- Pixabay
Mahindra & Mahindra
The brokerage firm has recommended buying shares of Mahindra & Mahindra for a target price of Rs 1,535 per share. On January 24, 2023, the share of the company settled at Rs 1,280 per share. Investors can earn a return of 20 per cent. Image source- Pixabay
Tata Motors
Kotak Institutional Equities has recommended buying shares of Tata Motors for a target price of Rs 450 apiece. On January 24, 2023, the share of the Tata Group company finished at Rs 428 apiece. Investors can earn a return of 5 per cent. Image source- Pixabay
Samvardhana Motherson
Brokerage firm Kotak Institutional Equities has recommended buying shares of Samvardhana Motherson for a target price of Rs 95 apiece. On January 24, 2023, the scrip of the automotive industry company settled at Rs 82. In this way, investors can get a return of 15 per cent. Image source- Pixabay
TVS Motor
Kotak Institutional Equities has recommended selling shares of TVS Motor for a target price of Rs 830 apiece. On January 24, 2023, the counter settled at Rs.1,105 per share. The stock may decline to 25 per cent. Image source- Pixabay
Sona BLW Precision
Kotak Institutional Equities has recommended buying shares of Sona BLW Precision for a target price of Rs 500 apiece. On January 24, 2023, the counter settled at Rs 461 per share. Investors can earn a return of 8 per cent. Image source- Pixabay