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4 Power Sector Stocks & 1 Pharma Stock, Showing Upside, Get Buy, Add Call: HDFC Securities
HDFC Securities has recommended investors to buy 4 stocks showing potential to rally. These stocks are Tata Power Company Ltd, CESC Ltd, Zydus Lifesciences Ltd, Torrent Power, and NTPC Ltd. If you buy and add these stocks now, you will get maximum 44% upside. Check key details below:
1. Buy NTPC Ltd
HDFC Securities has recommended investors to buy Maharatna stock NTPC Ltd with a target price of Rs 192 apiece. The current market price of the stock is Rs 166 apiece with intraday fall of 1%. If you buy NTPC now, you will get 16% return.
The stock has a market capitalisation of Rs 1,60,964.66 crore. Its last trading price is Rs 166 apiece with 52-week high at Rs 182 apiece and 52-week low at Rs 123 apiece. The large cap power sector stock has rallied 38% in last 3-years, 25% in last 1-year, and 14% in last 5-years.
2. Buy Zydus Lifesciences
The analyst has assigned buy call to Zydus Lifesciences with a target price of Rs 488 apiece. If you buy Zydus Lifesciences now at the current market price of Rs 452 apiece, you will get 8% return. The stock's 52-week high is Rs 458 apiece and 52-week low is Rs 319 apiece, respectively.
It has a market capitalisation of Rs 45,766 crore. It has given 75% return in last 3-years and 11% return in last 1-month. The stock also hit its new 52-week high on January 11, 2023. The large cap pharmaceuticals sector stock was incorporated in 1995.
3. Buy CESC Ltd
HDFC Securities has given buy rating to CESC with a target price of Rs 108 apiece. The current market price is Rs 75 apiece and if you but CESC Ltd now, you will get 44% return.
The stock's 52-week high is Rs 94 apiece and 52-week low at Rs 68 apiece, respectively. It has a market capitalisation of Rs 9382 crore. It has declined 18% in last 1-year and 36% in last 5-years. The mid cap stock operates in Power sector.
4. Add Tata Power Company Ltd
HDFC Securities has assigned add call to Tata Power with a target price of Rs 243 apiece. The current market price of the stock is Rs 205 apiece and if you add the stock now, it indicates an upside of 19%.
The stock has a market capitalisation of Rs 65,776 crore. The stock has rallied 249% in last 3-years and 106% in last 5-years. It operates in power sector.
5. Add Torrent Power
HDFC Securities has given add call to the stock with a target price of Rs 552 apiece. The current market price of the stock is Rs 488 apiece. Its 52-week high is Rs 609 apiece and 52-week low is Rs 416 apiece.
It has a market capitalisation of Rs 23,482 crore. The stock operating in power sector has given 64% return in last 3-years and 67% return in last 5-years.
Disclaimer
The stocks have been picked from the brokerage report of HDFC Securities. 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.
