5 Quality Stocks To Buy From Engineering, Capital Goods, Infra Sectors In March For Up To 23% Return

Leading brokerage firm Emkay Global lists 5 quality stocks from Engineering, Capital Goods, and Infra Sectors with a "Buy". In its India Equity Research report on Engineering, Capital Goods, and Infra Sector, the brokerage has listed Action Construction Equipment, HG Infra Engineering, Kalpataru Power Transmission, KEC International, and Larsen & Toubro. Check below to know more:

1. Engineering Sector Stocks

Action Construction Equipment Ltd. (ACE)

Emkay Global maintains its positive view on ACE with a "Buy" for a target price of Rs 402/share. The stock is likely to give a return up to 7%, considering the given target price. It is a small-cap stock with a market capitalisation of Rs 4,497.77 crore.

The stock last traded at Rs 377.70/share, up 4.61% as compared to the previous close. It gave 70.63% positive return in 1 year, and 107.07% in 5 years, respectively. Whereas it gave 705.33% multibagger return in 3 years.

Larsen & Toubro Ltd. (L&T)

The brokerage suggests "Buy the stock of L&T for a target price of rs 2,303/share. The stock could give up to 5% return if purchased at the current market price.

The stock in the past 1 year has gained 22.81%, 129.5% in 3 years and 72.99% in 5 years, respectively. It is a large-cap stock with Rs 3,08,582 crore market capitalisation.

2. Capital Good/Power Sector Stocks

Kalpataru Power Transmission Ltd.

Emkay Global has assigned "Buy" on Kalpataru Power Transmission with a target price of Rs 701/share. It sees 23% potential upside from its current level. It is a midcap stock with a market capitalisation of Rs 9,270.80 crore.

The stock last traded at Rs 570.70/share. It has fallen 1.73% in 1 week. It gave 53.04% positive return in 1 year, 133.22% in 3 years and 24.95% in 5 years, respectively.

KEC International Ltd.

The brokerage suggests "buy" the stock of KEC International for 14% potential gains with the given target price of Rs 525/share. The stock last traded at Rs Rs 461.10/share. It has fallen 0.12% in 1 week. However, it gained 14.57% in 1 year, 77.04% in 3 years and 19.75% in 5 years, respectively. It is a midcap stock having a market capitalisation of Rs 11,854.34 crore.

3. Infrastructure Sector Stock

HG Infra Engineering Ltd.

The brokerage has assigned a "Buy" on HG Infra with a target price of Rs 820/share. The stock can give up to 6% positive return if purchased at the current market price. It is a midcap stock having a market capitalisation of Rs 5,048.48 crore.

The last traded share price of the stock is Rs 774.65/share. It has given 34.03% positive return in 1 year, 306.96% in 3 years and 161.4% in 5 years, respectively.

Disclaimer

The stocks have been picked from the brokerage report of Emkay Global. 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.