3 Large Cap Stocks To Buy For Gains Up To 40%, Recommended By Leading Brokerages

Mahindra & Mahindra Ltd., Crompton Greaves Consumer Electricals Ltd, and Macrotech Developers Ltd. shares have given buy calls on leading brokerages like ICICI Securities & Motilal Oswal. Brokerages are bullish on these stocks and see a gain of between 30-40% in 12 months. The stocks of the company have given decent returns over the past 1, 3 and 5 years, respectively.

Mahindra & Mahindra Ltd.

The Current Market Price (CMP) of M&M's stock price is Rs 1,142.05 per share. Stock is trading near a 52-week high, On July 08, 2022, the stock touched the 52-week high at Rs 1,194.90/share level. The 52-week low of the stock is 671.15/share. 

In the last 1 month, the stock of M&M has 14.4%, whereas, in past 1 week, it gained, 4.02%. Its share has gained significant upside on long-term investments. In the past 1 year, its share gained 47.08%. The shares have further gained around 81.82% in 3 years and 67.68% in 5 years, respectively. 

ICICI Securities has given a buy call for a target price of Rs 1,500/share. Investors can expect potential gains of 32% in 12 months if the shares are brought at the CMP i.e. Rs 1,142.05/share.

ICICI Securities on Mahindra & Mahindra Ltd., said, "The transaction unlocks the EV business potential and is testimony to M&M's strong commitment on the EV front. We now value M&M at a revised target price of Rs 1,500 on an SOTP basis vs. Rs1,315 earlier (10x to the base automobile business, the lower end of valuation pegging to the electric PV business and 35% holding company discount to its listed & unlisted investments/group companies). We assign Rs 227/share value for E-PV company assuming 4.76% stake sale @ Rs 1,925 crore (conservatively) and 30% holding company discount."

Crompton Greaves Consumer Electricals Ltd.

The current market price (CMP) of Crompton Greaves is Rs 371.65/share, it was opened at Rs 369.90/share, and the previous close was Rs 368.10/share. The 52-week low of the stock was recorded on June 17, 2022, at Rs 312 per share, while the 52-week high was recorded on September 16, 2021, at Rs 512.80/share. The stock is trading near the 52-week low as it touched its low recently. The CMP of the stock is trading at Rs 59.65 above the 52-week low level. 

The shares of Crompton Greaves ahs mixed returns. It has gained nearly 2.52% in the last 1 week, and 13.71% in the past 1 month, respectively. However, in the past one year, the stock price has fallen close to 18%. Despite, this fall in price, it has performed well in long term. It gave 62.51% in the past 3 years and 68.43% in the past 5 years, respectively. 

ICICI Securities is bullish on Crompton Greaves, and suggest buying for Rs 504/share. The stock has potential gains of 36% if the stocks of the company are brought at the CMP i.e. Rs 371.65/share.

ICICI Securities on Crompton Greaves Consumer Electricals Ltd., said, "We model Crompton to report PAT CAGR of 4% over FY22-FY24E and RoE of 26.2% in FY24E. We remain positive on the company's business model due to its competitive advantages and growth opportunities. We maintain BUY on the stock with DCF-based TP of Rs504 (implied P/E of 51x FY24E EPS)." 
 

Macrotech Developers Ltd.

The current market price (CMP) of the Macrotech Developers is Rs 1,123.10./share, it was opened at Rs 1,096.30/share. The previous close was Rs 1,096.30/share. The 52-Week low of the stock is Rs 761.35/share touched on 11 August 2021, & 52 weeks high is Rs 1,539 per share, touched on 1 December 2021, respectively. 

 
 The stocks of the Macrotech Developers in past 1 week have given 3.86%, and 2.85% in the past 1 month, respectively. In the past 1 year, the stock has given a massive 46.60% return.

Motilal Oswal, a leading brokerage firm, has given a buy call to the stock for a target price of Rs 1,570/share. The stock has the potential to gain 40% in 12 months if the stocks of the company are purchased at the CMP. 

Motilal Oswal on Macrotech Developers Ltd., said, "We raise our FY24 pre-sales estimate by 7% to incorporate recent JDA additions in the Eastern suburbs and South-Central Mumbai. The management has laid out a clear growth strategy as it looks to capture market share in micro-markets with a niche presence. In line with its growth strategy, the company has already added 14 new JDA projects with a GDV of INR210b, which gives us confidence on future project additions. At the CMP, the stock trades at 1.1x its existing project NAV, which indicates that the market is not offering much value to its ability to undertake further project additions beyond FY23. We maintain our Buy rating on the stock with our unchanged SoTP-based Target Price of Rs 1,570, indicating a potential upside of 44%."

Disclaimer

The stocks have been picked from the brokerage reports. Greynium Information Technologies, the Author, and the respective 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 decision.