6 Stocks To Buy, Hold, Sell: Motilal Oswal Recommends Best Stocks For Higher Return

Motilal Oswal has recommended investors to buy, hold 6 stocks showing potential to soar soon. These stocks are Deepak Nitrite, Alkyl Amines Chemicals, Page Industries, Endurance Technologies Ltd, Hindalco Industries Ltd and MRF Ltd. Check details below:

1. Hold Deepak Nitrite

Motilal Oswal has recommended neutral rating to Deepak Nitrite with a target price of Rs 1890 apiece. Current market price of the stock is Rs 1812.70 apiece with intraday gain of 0.33%.

The company has a market capitalisation of Rs 24,723.97 crore. the stock fell 20% in last 1-year and gave a return of 341% in last 3-years. In last 5-years, the mid cap chemicals sector stock rallied over 572%.

According to the analyst, "The stock trades at 20x FY24E EPS of INR89 and 13x FY24E EV/EBITDA. We retain our Neutral rating as the focus of DN remains on commodities rather than on specialty or complex commodities. Valuing the stock at 20x Dec'24E EPS, we arrive at our TP of INR1,890."

2. Hold Alkyl Amines Chemicals

Motilal Oswal has listed this stock in neutral category with a target price of Rs 2950 apiece. Current market price of the stock is Rs 2608.70 apiece with market capitalisation of Rs 13,330.59 crore.

The chemicals sector stock fell 16% in last 1-year and gave a return of 325% in last 3-years. The small cap Chemicals sector stock rallied over 950% in last 5-years.

According to Motilal Oswal, "The stock is trading at 42x FY24E EPS and 28x FY24E EV/EBITDA. We reiterate our Neutral rating on the stock, and value it at 40x Dec'24E EPS to arrive at our TP of INR2,950."

3. Hold Page Industries

Motilal Oswal has assigned neutral rating to Page Industries with a target price of Rs 35,400 apiece. Current market price of the stock is Rs 39425.00 apiece with intraday gain of 3.78%.

The large cap Apparels sector stock has a market capitalisation of Rs 43,974.15 crore. The stock gave a return 64% in last 3-years and 83% in last 5-years. In last 3-months, the stock fell 19%.

According to the analyst, "While material consumption costs are likely to ease going forward, recovery to double-digit sales growth appears uncertain in the near term, especially as competitive intensity has increased after being low during the Covid period. Maintain Neutral on the stock."

4. Buy Endurance Technologies Ltd

The analyst has recommended investors to buy Endurance Technologies Ltd with a target price of Rs 1625 apiece. Current market price of the stock is Rs 1434.35 apiece with an intraday surge of 2.46%.

If you buy Endurance Technologies Ltd now, you can gain a potential return of 13%. The company has a market capitalisation of Rs 20,175.98 crore.

The mid cap Auto Ancillaries sector stock declined 2% in last 1-year, gave a return of 36% in last 3-years, and another return of 24% in last 5-years.

According to the Motilal Oswal, "ENDU is the best proxy play for the Indian 2W industry, with enough scope to increase content, led by technological changes and new products. Coupled with its knowledge of aluminum die-casting in the EU, there is a scope to increase contribution from the PV segment."

5. Buy Hindalco Industries Ltd

Motilal Oswal has given buy call to Hindalco Industries Ltd with a target price of Rs 570 apiece. Current market price of the stock is Rs 434.55 apiece. If you buy Hindalco Industries Ltd now, you can fetch a potential return of 31%.

The company has a market capitalisation of Rs 97,640.60 crore. The stock fell 20% in last 1-year and gave a return of 127% in last 3-years and 78% in last 5-years. The large cap stock operates in Metals and Ferrous sector.

According to Oswal, "We maintain our Buy rating and lower our SoTP-based TP to INR570 (from INR600 earlier). A weak European economic scenario remains the key risk to the sector."

 

6. Hold MRF

Motilal Oswal has downgraded MRF Ltd to sell with a target price of Rs 75,000 apiece. The current market price of the stock is Rs 89503.80 apiece.

The large cap stock has a market capitalisation of Rs 37,959.84 crore. The stock gave maximum return of 28% in last 1-year.

According to the analyst, "We downgrade our rating on MRF to Sell with a revised TP of INR75,000 (premised on 18x Mar'25E EPS)."

 

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal. 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.