8 Stocks That Have the Potential to Give Superb Returns

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The Sensex has fallen a little from its highest level of 28,800 points seen late last year. Dealers say there may be a rally ahead of the Union Budget in the month of Feb and there is potential for super returns in the short term. Here are some stocks that you can buy based on recommendations and which have the potential to generate superior returns in the medium to long term.

NRB Bearings

ICICI Direct is bullish on NRB Bearings with a price target of Rs 165 per share. The firm says that its leadership status in the needle roller bearing segment and expected robust pace of growth in the future make it an attractive buy. The stock is currently traded at Rs 135 on the National Stock Exchange. 

NESCO

Firstcall Research is bullish on NESCO and has suggested a buy rating. The firm feels that the stock has the potential to reach Rs 1840. "We recommend ‘BUY' in this particular scrip with a target price of Rs 1840 for Medium to Long term investment", says Firstcall Research Report.

Indian Bank

ICICI Direct is bullish on Indian Bank and has suggested a buy on the stock with a price target of Rs 245 on the stock. "Buy Indian Bank in the range of Rs 194-199 for a target price of Rs 245.00 with a stop loss below Rs 175.00 on a closing basis", says ICICIdirect.com research report.

Accumulate HDFC Bank; target of Rs 1020: Emkay

HDFC Bank has put a buy call on HDFC Bank with a price target of Rs 1020. We continue to retain the stock as one of our top bets in the banking space. We value the bank at 17x/3.6x average PERABV on FY16/17E basis. Upgrade the stock to ACCUMULATE with target price to Rs 1020", says Emkay Global Financial Services Research report.

Syndicate Bank

With a book value that is near Rs 200 and a price of just Rs 127, the bank remains an attractive bet. Should interest rates be cut by the RBI going ahead the stock could give at least 20-30 per cent appreciation.

Infosys

Most brokerages have the upgraded the stock to a buy following its q3 numbers.

The company did not lower its dollar revenue guidance and reported improved margins. Infosys has the potential to rally to as much as Rs 2300 say most brokerages after a robust set of Q3 numbers.

NBCC

Firstcall Research has maintained a buy o NBCC.
"We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY' in this particular scrip with a target price of Rs 884 for Medium to Long term investment", says Firstcall Research Report.

Container Corporation

ICICI Direct is bullish on Container Corporation. "As strong balance sheet and superior cash flow calls for upgradation, we assign P/E multiple of 22x FY17E EPS to arrive at target price of Rs 1670 and have a BUY recommendation on the stock", says ICICIdirect.com research report.

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