Brokerages Bullish On These Top 5 Stocks With Maximum Potential Gain Up To 51%

Many brokerages have remained optimistic on top 5 stocks that may include Zomato Limited, Trent Ltd, Maruti Suzuki India Ltd, ICICI Bank Ltd, and Motherson Sumi Wiring India Ltd. These stocks are showing signs that they will give good returns to investors and thus got buy ratings from several leading brokerages. Check below for more details:

Stocks	Current Market Price	Target Price	Potential Gain
Zomato Limited	Rs 56	Rs 85	51%
Trent Ltd	Rs 1207	Rs 1430	18.48%
Maruti Suzuki India Ltd	Rs 8507	Rs 10,250	20%
ICICI Bank Ltd	Rs 769	Rs 960	26%
Motherson Sumi Wiring	Rs 77.8	Rs 80	3.9%

1. Zomato Limited

The current market price of the stock is Rs 56 apiece and the target price is Rs 85. Leading brokerage firm HSBC has given the stock buy rating. It has a potential to give investors a return of 51%. Brokerage firm HSBC has given buy rating to the stock of Zomato for a target price of Rs 85 apiece. The stock has touched a 52-week high of stock is Rs 169 apiece and 52-week low is 50.05 apiece.

It is a stock with low PE. Its strength includes its surging net cash flow and cash from operating activity. There is no threat for this stock. The large-cap stock has a market capitalization of 44,171 crore.

Zomato Ltd. was incorporated in 2010 is currently operating in Services sector. The top management of the company includes Mr. Kaushik Dutta, Mr. Deepinder Goyal, Mr. Sanjeev Bikhchandani, Mr. Douglas Lehman Feagin, etc. The company announced a consolidated total income of Rs 1350 crore, up 7% for the quarter ending March 2022.

2. Trent Ltd

The current market price of Trent Ltd is Rs 1207 apiece with a 52-week high of Rs 1346 apiece and 52-week low of Rs 838 apiece. It has a PE of 405 which is higher than the sector PE of 97.51. The market capitalization is Rs 42,921 crore at the time of writing the report. It has a dividend yield of 0.14%. It has received buy call from Motilal Oswal with a target price of Rs 1430 apiece.

It has registered strong annual EPS growth. Recently brokers have upgraded recommendation or target price for the stock.

Trent Ltd is an integral part of the Tata Group and is in the business of retailing. The business areas include Westside: With several stores all over India. The chain offers clothes, footwear and accessories for men, women and children, along with furnishings, artifacts and a range of home accessories, among others.

3. Maruti Suzuki India Ltd

The stock has received buy rating from two leading brokerage namely Credit Suisse and Jefferies. Credit Suisse has given it a buy rating for the target price of Rs 10,103 while Jefferies has given a buy call for the target price of Rs 10,250. If Jefferies call is considered, it is offering investors a potential gain of 20%. The current market price of the stock is Rs 8507 apiece while the 52-week high is Rs 9050 apiece and 52-week low is Rs 6536 apiece.

Its key strengths include its rising net cash flow and cash from operating activity. Brokers have upgraded their recommendation or target price for the stock. Its PE is 66.24 and sector PE is 45.56. It has a market capitalization of 256,999 crore. It has a dividend yield of 0.71%.

Maruti Suzuki India Limited or MSIL is engaged in the business of manufacture, purchase and sale of motor vehicles, automobile components and spare parts (automobiles). I tis also engaged in the facilitation of pre-owned car sales, fleet management and car financing.

4. ICICI Bank Ltd

The current market price of the stock is Rs 769 apiece with a target price of Rs 960 investors can expect a return of 26%. It has received buy call from Nomura, Credit Suisse, and Macquarie. The 52-week high of the bank is Rs 867 apiece and 52-week low is Rs 633 apiece. It is a company with high TTM EPS. Brokers have upgraded their recommendation or target price for the stock.

It has a PE of 20.55 which is lesser than sector PE of 22.31. The market capitalization is Rs 5,35, 293 crore. If the rating of Nomura is taken into consideration with a target price of Rs 960, the potential return is 26%.

ICICI Bank Ltd is Indias second-largest bank. Its services include deposits, loans, cards, investments & insurance & demat. In the NRI segment, the bank offers services like Money Transfer, Bank Accounts, Investment, Home Loans, Insurance, Loans against FD, etc.

5. Motherson Sumi Wiring India

The current market price is Rs 77.8 apiece. Motilal Oswal has given buy rating to the stock with a target price of Rs 80 and potential gain of 3.9%. The stock's 52-week high is Rs 79 apiece and 52-week low is Rs 1.00 apiece.

It has registered strong annual EPS growth. The market capitalization is Rs 24,568 crore with a dividend 1.09%.

Motherson Sumi Wiring India Limited is a leading and fast-growing full-system solutions provider to OEMs, in the wiring harness segment in India. We work hard every day to deliver outstanding value to all our stakeholders, from our customers to our investors and from our employees to the communities we work in.

Disclaimer

The stocks have been picked from the reports of several leading brokerages. 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. Goodreturns.in advises users to check with certified experts before taking any investment decisions.