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HDFC Securities Bullish On 5 Stocks Trading At Maximum Discount of 44% With Return Up To 23%
Brokerage firm HDFC Securities has come out with its latest brokerage report and named 5 stocks to buy that are showing strong potential of a strong upside. These stocks are Larsen & Toubro Infotech Ltd, Tata Consultancy Services Ltd, Infosys Ltd, Tech Mahindra Ltd, and Wipro Ltd.
| Name of company | Potential Return in % |
|---|---|
| Infosys Ltd | 23.02% |
| Tata Consultancy Services Ltd | 16.47% |
| Wipro Ltd | 14.63% |
| Larsen & Toubro Infotech Ltd | 13.33% |
| Tech Mahindra Ltd | 4.85 |
Check key takeaways below:
1. Larsen & Toubro Infotech Ltd
HDFC Securities has given buy call to Larsen & Toubro Infotech Ltd with a target price of Rs 5270 apiece. the brokerage has given a time period of 1 year when the shares will reach the specified target price. The current market price of Larsen & Toubro Infotech Ltd is Rs 4650.
If investors buy the stock at its current market price, it can fetch a potential return of 13.33%. The stock's 52-week high is quoted at Rs 7595 and 52-week low is quoted at Rs 3733 apiece, respectively. The stock is currently trading at a discount of 38% from 52-week high level.
The company has a market capitalisation of Rs 81,549.00 crore. In 5 years, the stock has given a return of 481%. The large cap company came into existence in 1996 and operates in IT software sector.
2. Tata Consultancy Services Ltd
HDFC Securities has given an "Add" call to Tata Consultancy Services Ltd popularly known as TCS. The brokerage assigned add call with a target price of Rs 3620. The analyst has given a time period of 1 year when the stock will reach its defined target price of Rs 3620. It will offer investors a potential return of 16.47%.
The current market price of TCS is Rs 3108 apiece. The stock's price is hovering very near its 52-week week low range. The 52-week high is Rs 4045 apiece and 52-week low is Rs 2926 apiece, respectively. The stock is currently available at a discount of 23% from its 52-week high range.
It has a market capitalization of Rs 11,37,269 crore. The stock has given a return of 154% in last 5 years. The large cap company came into existence in 1995 and operates in IT Software sector.
3. Wipro Ltd
HDFC Securities has placed "Add" call on the stock of Wipro Ltd with a target price of Rs 470 apiece. The current market price of the stock is Rs 410 apiece with 52-week high at Rs 739 apiece and 52-week low at Rs 384 apiece, respectively. It will fetch investors a potential return of 14.63%.
The analyst has given a target time period of 1 year when it will climb this target price. The company has a market capitalisation of Rs 2,25,181.48 crore. The stock is currently trading at a discount of 44% from 52-week high range.
The company was incorporated in 1945 and operates in IT software sector. It has given a return of 91% in the last 5 years.
4. Infosys Ltd
HDFC Securities has given buy rating to Infosys Ltd with a target price of Rs 1790 apiece in a target period of 1 year. The current market price of the stock is 1455 with 52-week high at Rs 1953 apiece and 52-week low at Rs 1355 apiece, respectively.
If investors invest in this stock at its current market price, it can offer a potential return of 23.02% in 1-year time period. The stock is currently trading at a discount of 25% from its 52-week high range.
The company has a market capitalisation of Rs 6,12,238.91 crore and gave a return of 216% in the last 5 years. It came into existence in 1981 and the large cap company operates in IT Software sector.
5. Tech Mahindra Ltd
HDFC Securities has given "Add" call to the stock of Tech Mahindra Ltd with a target price of Rs 1080 apiece in a target time period of 1 year. The current market price of the stock is Rs 1030 apiece with a 52-week high at Rs 1837 apiece and 52-week low at Rs 944 apiece, respectively.
The stock will offer a potential return of 4.85% to investors. The company has a market capitalisation of Rs 1,00,264.61 crore. Currently, the stock is trading at a discount of 43.93% from 52-week high. The stock has given a return of 126% in the last 5 years.
The large cap company was incorporated in 1986 and operates in IT Software sector.
Disclaimer
The above stocks have been picked from the brokerage report of HDFC 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.
