Motilal Oswal Recommends 2 Large Cap Stocks That Can Fetch Good Return, Buy

Motilal Oswal has suggested investors to buy 2 stocks that are showing potential to soar. These stocks are UltraTech Cement and Maharatna status Coal India. Both the stock have given double digit returns to investors in the last 1-year. Check
details below:

Buy Coal India: Motilal Oswal has suggested investors to buy Maharatna stock Coal India with a target price of Rs 230 apiece. The analyst has recommended investors to keep the stop loss at Rs 215 apiece on BSE. Current market price of Coal India is Rs 218.00 apiece. If you buy Coal India Ltd now, you can get potential return of 5%. Coal India came into existence in 1973 and the large cap stock operates in Mining sector.

Stock Performance: The company has a market capitalisation of Rs 1,34,316.66 crore. Its 52-week high is Rs 263.30 apiece and 52-week low is Rs 164.75 apiece, respectively.

Return: The stock gave 23% return in last 1-year and 64% return in last 3-years. It fell 3% in last 3-months.

Financial Performance: The company for the quarter ended December 31, 2022 declared a consolidated total income at Rs 36754.29 crore, up 16.31 % from last quarter total income of Rs 31599.24 crore. Its net profit after tax in the latest quarter is reported at Rs 7633.28 crore.

Buy UltraTech Cement: Current market price of Ultratech Cement Ltd is Rs 7185 apiece with intraday fall of 1.42%. Motilal Oswal has suggested investors to buy Ultratech Cement Ltd with target price of Rs 7620 apiece. The analyst has suggested to keep the stop loss at Rs 7125 apiece. If you buy Ultratech Cement Ltd now, you can get potential return of over 6%.

Stock Performance: The company has a market capitalisation of Rs 2,07,418.44 crore. Its 52-week high is Rs 7489.00 apiece and 52-week low is Rs 5158.05 apiece, respectively.

Return: The stock gave a return of 13% in last 1-year and 101% return in last 3-years.

Financial Performance: The large cap stock operates in Cement sector. The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 15,647.52 crore, up 11.46 % from last quarter total income of Rs 14,038.95 crore.

Disclaimer:The stocks have been picked from the brokerage report of Motilal Oswal. 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.