Stocks To Buy: Invest In These Large, Mid Cap Stocks For 55% Return: Axis Securities

Axis Securities has selected 3 stocks to buy for Monday. These stocks are KNR Constructions, Manappuram Finance Ltd, Nippon Life India Asset Management Ltd. If you buy these stocks now, you will get maximum 55% return. Check key takeaways below:

1. Buy Manappuram Finance Ltd

The current market price of the stock is Rs 113 apiece with an intraday surge of 0.49%. The analyst has given a target price of Rs 175 apiece. If you buy Manappuram Finance now at current market price, you will get a return of 55%.

The stock has given a return of 6% in last 5-years, declined 28% in last 3-years, and 32% in last 1-year. It has surged 8% in last 3-months and again 8% in last 1 -month.

The mid cap company was incorporated in 1992 and operates in NBFC sector.

The company for the quarter ended September 30, 2022 declared a consolidated total income of 1714 crore, up 14%. The net profit after tax was reported at 409 crore in latest quarter.

2. Buy Nippon Life India Asset Management Ltd

The current market price of the stock is Rs 263 apiece with an intraday gain of 1.23%. The company has a market capitalisation of Rs 16,418 crore. The stock's 52-week high is Rs 387 crore and 52-week low is Rs 252 apiece, respectively.

Axis Securities has assigned a target price of Rs 360. If you buy Nippon Life India Asset Management today at the current market price, you will get potential return of 33%.

The large cap company was incorporated in 1995 and operates in Financial Services sector. It has declared for the quarter ended September 30, 2022 a consolidated total income of Rs 413 crore, up 38%.

The company also declared the net profit after tax at Rs 206 crore in latest quarter.

3. Buy KNR Constructions

The current market price of KNR Constructions is Rs 255 apiece with an intraday gain of 1.67%. Axis Securities has assigned buy call to the stock with a target price of Rs 330 apiece. If you buy KNR Constructions today (November 28, 2022), you will get 29% potential return.

The stock has given a return of 84% in last 5-years, 119% in last 3-years, and declined nearly 3% in last 1-year. The stock has jumped 15% in last 1-month, and 7% in last 1-week.

KNR Constructions came into existence in 1995 and operates in Infrastructure sector. The mid cap company for the quarter ended September 30, 2022 declared a consolidated total income of 971 crore, up 1.92%. It declared a net profit after tax at Rs 98 crore in the latest quarter.

KNRCL is a multidomain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast-growing sectors namely roads & highways, irrigation and urban water infrastructure management, according to its official website.

 

Disclaimer

The stocks have been picked from the brokerage report of Axis 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.