Buy 5 Stocks That Can Offer 52% Return: Sharekhan Recommends Best Stocks

Sharekhan has recommended investors to buy 5 stocks that can offer higher return. These stocks are NTPC, Insecticides (India) Ltd, Marico, Blue Star, and Federal Bank. If you buy these stocks now, you can get potential return of 52%. Check details below:

1. Buy NTPC

Sharekhan has given buy call to Maharatna status stock NTPC with a target price of Rs 200 apiece. Last trading price of NTPC is Rs 172.55 apiece. If you buy NTCP shares now, you can get return of 16%.

The large cap stock has a market capitalisation of Rs 1,67,315.97 crore.

According to Sharekhan, "NTPC's risk-averse regulated business model provides earnings growth visibility/RoE improvement and RE expansion would drive gradual re-rating of the stock as it would allay concerns on the ESG front. We maintain Buy on NTPC with an unchanged price target (PT) of Rs. 200."

The large cap power sector stock delivered 31% return in last 1-year.

2. Buy Insecticides (India) Ltd

Sharekhan has assigned buy call to Insecticides (India) Ltd with a target price of Rs 690 apiece. Last trading price of Insecticide India is Rs 453.95 apiece with intraday gain of over 7%. If you buy Insecticides (India) Ltd shares, you can get potential return of 52%. The small cap Pesticide/Agro Chemicals sector stock gave 7% return in last 1-year.

According to the analyst, "We expect the company to benefit from ramp-up of new products post capacity expansion and a potential rise in share of branded products (Maharatna brands)."

3. Buy Marico

Sharekhan has recommended investors to buy Marico Ltd with a target price of Rs 645 apiece. Last trading price of the large cap FMCG stock is Rs 499.35 apiece. If you buy Marico now, it can offer return of 29%.

Its market capitalisation is Rs 64,568.00 crore. The stock fell 2% in last 1-year and delivered 68% return in last 3-years.

According to Sharekhan, "Marico is comfortably placed compared to its peers to achieve good double-digit earnings growth in the coming years with key drivers in place. This along with discounted valuations makes it a good fit for your portfolio from a medium to long-term perspective."

4. Buy Blue Star

The analyst has suggested investors to buy Blue Star with target price of Rs 1655 apiece. Last trading price of the stock is Rs 1438 apiece. If you buy Blue Star now, you can get potential return of 15%. The stock gave 36% return in last 1-year. Its market capitalisation is Rs 13,859.09 crore.

According to Sharekhan, "Blue Star has a strong and growing market share of 13.25% in the room air conditioners (RAC) industry. The company hopes to increase its market share to 15% by FY25 by boosting penetration through its affordable and affordable premium range and broadening its distribution network."

5. Buy Federal Bank

Sharekhan recommends investors to buy Federal Bank with target price of Rs 170 apiece. Last trading price of the stock is Rs 134.20 apiece. If you buy Federal Bank now, you can get potential return of 27%. Its market capitalisation is Rs 28,380.61 crore.

According to Sharekhan, "At the CMP, the stock trades at 1.1x/0.9x its FY2024E/FY2025E BV estimates. We maintain our Buy rating on the stock with an unchanged PT of Rs. 170. Valuations are inexpensive."

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 check with certified experts before taking any investment decision.