Stocks to buy: MOFSL suggests buying Bharti Airtel, TCS and 3 more stocks for up to 20% gains; check targets and stop losses

The 30-share BSE Sensex rose 62.87 points, or 0.08 percent, to record a new closing high of 80,049.67. During the day, it gained 405.84 points, reaching a new all-time high of 80,392.64.

The Nifty gained 15.65 points, or 0.06 per cent, to close at a new high of 24,302.15. Intraday, it rose 114.5 points to a new lifetime high of 24,401.

Meanwhile, brokerage Motilal Oswal Financial Services Ltd (MOFSL) has suggested buying five stocks - Polycab, Bharti Airtel, Lemon Tree, TCS, and HDFC Bank for one year for up to 20 per cent gains. Let's take a look at their target prices and stop losses.

MOFSL has suggested buying Polycab India's shares. The brokerage has given a target of Rs 7,850. Today, July 4, shares of Polycab closed 0.7 per cent lower at Rs 6,662.9 each. This means the stock has the potential of providing up to 18 per cent returns.

The second stock suggested by MOFSL is HDFC Bank. The brokerage has given a target of Rs 1,950. Today, July 4, shares of Polycab closed 2.4 per cent lower at Rs 1,726.6 each. This means the stock has the potential of providing up to 13 per cent returns.

The next stock on the bucket list is TCS. The brokerage suggests buying the stock for a target price of Rs 4,600. This means, the stock can provide a return of 14 per cent from its today's (July 4) share price of Rs 4,021.3.

MOFSL also suggested buying Bharti Airtel shares for a target of Rs 1,680. Today, July 4, shares of telecom company closed at Rs 1,424.5 each, up 0.32 per cent on BSE. This means the stock has the potential of providing up to 18 per cent returns.

The last but not the least in the list is Lemon Tree Hotels' shares. The target price given by the brokerage is Rs 175. This means the stock can provide a return of up to 20 per cent from its today's (July 4) share price of Rs 146.3 each.