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Axis Securities Latest Stock Picks: Investment In These 3 Stocks Can Fetch 48% Potential Return
Axis Securities, in its latest report, has recommended investors to buy 3 stocks namely Amber Enterprises India Ltd, HG Infra Engineering, and Manappuram Finance Ltd. If you buy these stocks today, you can get maximum 48% return. According to the analyst, "Asian markets are trading higher amidst expectation of economic recovery as China starts to unwind pandemic restrictions across the country." Check key takeaways below:
1. Buy Amber Enterprises India
Axis Securities has given buy call to mid-cap stock, Amber Enterprises with a target price of Rs 3000 apiece. The current market price of the stock is Rs 2021 apiece with an intraday fall of 1.21%.
If you buy Amber Enterprises Ltd at the current market price today, you can fetch a return of 48%. The company has a market capitalisation of Rs 6812 crore. The stock has given 62% return in last 5-years, declined 36% in last 1-year, and jumped over 4% in last 1-week.
It operates in consumer durables sector and declared the consolidated total income for the quarter ended September 30, 2022 at Rs 762 crore, down 58%.
2. Buy Manappuram Finance Ltd
The brokerage firm has recommended investors to buy Manappuram Finance with a target price of Rs 175 apiece. The current market price of the stock is Rs 122 apiece with an intraday fall of 0.77%.
If you buy Manappuram Finance today, you can get 43% potential return. The company has a market capitalisation of Rs 10,381 crore. The stock has given 22% return in last 5-years and declined 22% in last 3-years, and again declined by 27% in last 1-year.
It has gained 16% in last 3-months and 17% in last 1-month. In 1-week the gain is 8%.
It operates in NBFC sector and has declared for the quarter ended September 30, 2022 a consolidated total income of Rs 1714 crore, up 14% from last quarter total income of Rs 1502 crore.
3. Buy HG Infra Engineering
The analyst has recommended investors to buy small-cap stock, HG Infra Engineering Ltd with a target price of Rs 835 apiece. The current market price of the stock is Rs 597 apiece.
If you buy HG Infra Engineering today at CMP, you can get a return of 40%. The company has a market capitalisation of Rs 3892 crore. The stock has given return of 162% in last 3-years and declined 2% in last 1-year.
The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 799 crore, down 27% from last quarter total income of 1109 crore.
Disclaimer
The stocks have been picked from the brokerage report of Axis 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.
