4 Large Cap Stocks To Buy Today As Suggested By Motilal Oswal

Leading brokerage firm Motilal Oswal has given buy rating to 4 large cap stocks namely Maruti Suzuki, Tata Motors, Axis Bank, and Apollo Hospitals. If you buy them now these stocks will offer you double digit return. Check key takeaways below:

Tata Motors Ltd

Motilal Oswal has given buy rating to Tata Group stock Tata Motors Ltd for a target price of Rs 520 apiece. If you buy it now it will offer a potential return of 13%. 

Stock Outlook: The current market price of the stock is Rs 459 apiece with an intraday gain of 0.21%. The 52-week high of the stock is Rs 536 apiece and 52-week low is Rs 290 apiece. The stock has given a return of 20% in 5 years, 279% in 3 years, 54% in 1 year, and 6% in 3 months. The stock is currently trading at a discount of 17% from its 52-week high. The company has a market capitalization of Rs 1,52,657 crore.

About Tata Motors: TTMT's 1QFY23 performance saw a sharp miss due to several headwinds at JLR (mix, cost inflation, and hedge revaluation), though the India business delivered a strong performance. Given the improvement in semiconductor supplies and strong order book at JLR, there is hope of JLR making good on the pain of 1QFY23.

Tata Motors Limited, a USD 35 billion organisation, is a leading automobile manufacturer with a portfolio that includes a wide range of cars, utility vehicles, trucks, buses and defence vehicles. Our marque can be found on and off-road in over 125 countries around the globe.

Maruti Suzuki India Ltd

Motilal Oswal has given buy rating to the large cap stock for a target price of Rs 11,300 with a potential return of 27%.

Stock Outlook: The current market price of the stock is Rs 8,889 apiece on NSE with a 52-week high of Rs 9,233 apiece and 52-week low of Rs 6536 apiece. The company has a market capitalization of Rs 2,68,531 crore. The company has registered good quarterly growth in recent results. The stock is currently trading at a 3% discount from its highs.

The stock has given a return of 14% in last 5 years, 44% in last 3 years, and 30% in last 1 year.

About Maruti Suzuki India Ltd: Maruti Suzuki India Ltd., came into existence in 1981, is a Large Cap company and operates in auto sector.

Axis Bank

Motilal Oswal has given buy call to the large cap stock Axis Bank for a target price of Rs 875 apiece with a likely return of 16%.

Stock Outlook: The current market price of the stock is Rs 755 apiece with a 52-week high of Rs 866 apiece and 52-week low of Rs 618 apiece. The stock is currently trading at a discount of Rs 15% from its highs.

It has given a return of 53% in last 5 years, 13% in 3 years, and a negative return of 5% in 1 year.

About Axis Bank: Axis Bank Ltd., incorporated in the year 1993, is a banking company, with a market capitalization of Rs 2,31,893 crore.

 

Apollo Hospitals Enterprises Ltd

Motilal Oswal has assigned buy rating to this large-cap stock for a target price of Rs 5110 with a potential gain of 19%.

Stock Outlook: The current market price of the stock is Rs 4389 apiece with a 52-week high of Rs 5935 apiece and 52-week low of 3361 apiece, respectively. The company has a market capitalization of Rs 63,189 crore at the time of writing the story. The stock is trading at a discount of 35% from its 52-week high.

About Apollo Hospitals: Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned as the architect of modern healthcare in India. As the nation's first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country.

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal Financial Services. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decisions.