Latest News
-
Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared -
RBI Halts New Customer Onboarding at Kotak Mahindra Bank Over IT Compliance -
Macrotech Developers' Annual Profit Triples Despite Q4 Dip -
DoT Engages TRAI for Equitable Satcom Spectrum Allocation Guidelines
4 Stocks To Buy As Recommended By Axis Securities For Gains Up To 26%
Axis Securities has recommended 3 stocks for investors. The brokerage firm has given buy call to Garden Reach Shipbuilders & Engineers Ltd, IDFC Ltd, Kirloskar Oil Engines Ltd, and Federal Bank. If investors buy the stocks now, they can get a maximum potential return of 26%. Check key takeaways below:
1. Garden Reach Shipbuilders & Engineers Ltd
Axis Securities has given buy call to Garden Reach Shipbuilders & Engineers Ltd with a target price of Rs 566 apiece. If investors buy the stock at its current market price, it has the potential to give 19.41% return to investors. The current market price of Garden Reach Shipbuilders & Engineers Ltd is Rs 473 apiece.
The 52-week high is at Rs 477 apiece and 52-week low is at Rs 199 apiece, respectively. It has a market capitalisation of Rs 5,395 crore. The stock has given a 5-years return of 354%, 3- years return of 185%, and 1-year return of 108%. In the last 3 months the stock has given return of 96%, and in last 3-months, it has given a return of 34%.
The small cap company was formed in 1934 and operates in Shipping sector.
2. IDFC Ltd
Axis Securities has given buy rating to IDFC Ltd with a target price of Rs 92 apiece. The current market price of the stock is Rs 75 with intraday decline of 2.03% and if investors buy the stock at this price, it can fetch a potential return of 22.67%.
The 52-week high is Rs 77 apiece and 52-week low is Rs 42 apiece, respectively. It has a market capitalisation of Rs 11,931 crore.
The stock has given 13% return in last 5 years, 142% return in last 3 years, and 41% Return in last 1 year. The mid cap company was incorporated in 1997 and operates in Term Lending Institutions sector.
3. Kirloskar Oil Engines Ltd
Axis Securities has given buy call to Kirloskar Oil Engines Ltd with a target price of Rs 348 apiece. The current market price of the stock is Rs 277 with an intraday decline of 1.59%. If investors buy the stock at its current market price, it is showing a return potential of 25.63%.
The 52-week high of the stock is Rs 288 apiece and 52-week low is Rs 122 apiece, respectively. It has a market capitalisation of Rs 4030 crore.
The shares have given a return of 62% in last 3 years and 32% in last 1 year. The stock has fallen 25% in last 5 years. The small cap company was incorporated in 2009 and operates in engineering sector.
4. Federal Bank Ltd
Axis Securities another recommendation is Federal Bank with a target price of Rs 145 apiece. The current market price of the stock is Rs 126 apiece. If investors buy the stock now, it can offer a potential return of 15%.
The 52-week high of the stock is Rs 129 apiece and 52-week low is Rs 78 apiece. It has a market capitalisation of Rs 26,571 crore. The shares have given a return of 7% in last 5 years, 49% in last 3 years, and 34% in last 1 year.
The banking company was incorporated in 1931.
Disclaimer
The above stocks have been picked from the brokerage report of Axis Securities. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. 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.
