JM Financial Upbeat On 4 Large, Mid Cap Stocks That Can Offer Over 41% Return: Buy

JM Financial has given buy call to 4 stocks namely, Oil And Natural Gas Corporation, Reliance Industries, Gujarat Gas, and Indraprastha Gas. If you buy these 4 large cap stocks now, you will get maximum 41% return. Check key details below:

1. Buy Oil And Natural Gas Corporation

JM Financial has assigned buy rating to ONGC stock with a target price of Rs 210 apiece. The current market price of the stock is Rs 149 apiece and if you buy ONGC shares at this price, you will potentially get 41% return.

The stock's 52-week high is Rs 194 apiece and 52-week low is Rs 119 apiece, respectively. The stock has a market capitalisation of Rs 1,87,823.57 crore. The stock has rallied 20% in last 3-years, declined 24% in last 5-years, and surged 12% in last 3-months.

The large cap company, came into existence in 1993, operates in Gas & Petroleum sector.

2. Buy Reliance Industries

The brokerage has given buy call to Reliance Industries with a target price of Rs 2950 apiece. The current market price of the stock is Rs 2557 apiece with an intraday dip of 1.49 as of January 10, 2022.

If you buy Reliance Industries stock now, you will get 15% upside. The stock's 52-week high is quoted at Rs 2855 apiece and 52-week low is quoted at Rs 2181 apiece, respectively.

The large cap stock has a market capitalisation of Rs 17,30,575.79 crore. It has given maximum return of 171% in last 5-years and 65% return in last 3-years. It operates in Diversified sector.

3. Buy Gujarat Gas

JM Financial has suggested investors to buy Gujarat Gas with a target price of 600 apiece. The current market price of the stock is Rs 479 apiece with an intraday dip of 0.85%.

If you buy Gujarat Gas now, you will get 25% return. The company has a market capitalisation of Rs 33,032 crore. Its 52-week high is Rs 721 apiece and 52-week low is Rs 403 apiece, respectively.

The stock has given maximum 178% return in last 5-years and 82% return in last 3-years. It has declined 30% in last 1-year. The mid cap stock came into existence in 2012 and operates in Gas & Petroleum sector.

4. Buy Indraprastha Gas

The analyst has recommended buy for Indraprastha Gas with a target price of Rs 500 apiece. The current market price of the stock is Rs 426 apiece and if you buy Indraprastha Gas at this price, you will get potential 17% return.

The large cap company has a market capitalisation of Rs 29,848.03 crore. Its 52-week high is Rs 471 apiece and 52-week low is Rs 322 apiece, respectively.
The stock has given 13% in last 3-months, declined 8% in last 1-year, and 31% in last 5-years.

Disclaimer

The stocks have been picked from the brokerage report of JM Financial. 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.