5 Auto Sector OEMs Preferred Picks By Sharekhan To Buy For 20-30% Gains

Sharekhan has assigned a "Buy" on 5 OEMs Auto Stocks. These stocks are Ashok Leyland, Mahindra & Mahindra (M&M), Maruti Suzuki India, TVS Motor, and Tata Motors. These are the top preferred picks from Auto Sector by firm Sharekhan.

Ashok Leyland

Sharekhan has placed a "Buy" on Ashok Leyland with a target price of Rs 181/share, implying a potential upside of 25% from its current market price. The stock is currently trading at Rs 144.90/share on NSE, up 2.58% from its previous close.

Its 52 week low is Rs 93.20/share and 52 week high is Rs 169.45/share, respectively. The stock gave 22.17% positive return in 1 year, 107.37% in 3 years and 2.44% in 5 years, respectively. It is a midcap stock with a market valuation of Rs 42,588.53 crore.

 

Mahindra & Mahindra (M&M)

Sharekhan assigned a "Buy" on the M&M with a target price of Rs 1,550/share. The stock can surge up to 21% from its current market price of Rs 1,283.30/share, which is currently trading 2.06% up from its previous close.

Its 52-week low is Rs 671.15/share and 52 week high is Rs 1,397/share, respectively. The stock has given 61.28% in 1 year, 179.06% in 3 years and 75.12% in 5 years, respectively. It is a large cap Auto stock having a market capitalisation of Rs 1,58,768 crore.

 

Maruti Suzuki India

Sharekhan recommended investors to "Buy" the stock of Maruti Suzuki India with a target price of Rs 10,965/share. With the given target price, it can give a return up to 27%. The stock is currently trading at Rs 8,674.25/share.

The stock recorded its 52 week high at Rs 9,769/share and 52 week low is Rs 6,539.55/share, respectively. It gave 4.28% positive return in 1 year, and 37.99% in 3 years, respectively. It is large cap Auto stock having a market capitalisation of Rs 2,61,302 crore.

 

TVS Motor

Sharekhan placed a "Buy" the stock of TVS Motor with a target price of Rs 1,303/share, implying a potential upside of 21% from its current market price. The stock is currently trading at Rs 1,083.75/share.

The stock recorded its 52 week high at Rs 1,176.90/share and 52 week low at Rs 513/share, respectively. The stock gave 75.04% positive return in 1 year. In the past 3 years, it gave 148.12% positive return. Whereas, it gave 58.76% positive in the past 5 years. This is a large-cap 2 and 3-wheeler stock having a market capitalisation of Rs 51,259.52 crore.

 

Tata Motors

The brokerage assigned a "Buy" on Tata Motors with a target price of Rs 516/share. It claims a potential upside of up to 22% from its current level. The stock is currently trading at Rs 423.20/share, 1.30% up from its previous close.

The stock's 52 week high is Rs 494.40/share and 52 week low is Rs 366.20/share, respectively. The stock moved up 0.4% in 1 year. However, it gave a robust return of 185.2% in 3 years. It gave 19.28% positive return in 5 years. Tata Motors is Tata Group's large-cap Auto sector company having a market capitalisation of Rs 1,40,806 crore.

 

Disclaimer

The stocks have been picked from the brokerage report of Sharekhan. 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 consult with certified experts before making any investment decision.