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Technical Picks: Prabhudas Lilladher Suggests 3 Quality Stocks To Buy For Higher Return
Leading brokerage firm Prabhudas Lilladher has recommended investors to buy shares of 2 large cap and 1 mid cap stocks for 21% upside. These stocks are Bank of Baroda, Infosys Ltd, and Housing and Urban Development Corporation Ltd. Check key details below:
1. Buy HUDCO
The last trading price of the stock is Rs 52 apiece. Prabhudas Lilladher has assigned a target price of Rs 63 to the stock.
If you buy Housing and Urban Development Corporation Ltd shares now, you will get potential 21% return. The mid cap stock has a market capitalisation of Rs 10,429 crore. The stock has given maximum return of 50% in last 3-months. It has rallied 45% in last 3-years.
According to the brokerage, "With the risk reward ratio favorable and chart looking good, we recommend a positional buy in this stock for an upside target of ₹63 keeping a stop loss of ₹45."
2. Buy Infosys
The last trading price of the stock is Rs 1517 apiece with an intraday gain of 0.44%. Prabhudas Lilladher has given buy call to the stock with a target price of Rs 1660 apiece.
If you buy Infosys now, you will get potential 9% return. The large cap stock has a market capitalisation of Rs 6,38,576.27 crore. The stock has given multibagger returns with last 3-years return at 105% and last 5-years return at 191%.
According to the analyst, "With a decisive move past the significant 50EMA and 200DMA levels of 1550 would further strengthen the trend to anticipate for further upward targets. With the chart looking good, we recommend a positional buy in this stock for an upside target of ₹1,660 keeping a stop loss of ₹1,440."
3. Buy Bank Of Baroda
Prabhudas Lilladher has recommended investors to buy Bank Of Baroda with a target price of Rs 200 apiece. If you buy the stock now, you will get 8% return. The last trading price of the stock is Rs 185 apiece with an intraday gain of 2%.
The company has a market capitalisation of Rs 95,851 crore. The stock has rallied 45% in last 3-months and 128% in last 1-year.
According to the analyst, "The stock is in a strong upward trend and after the short correction recently has taken support near the significant 50EMA level of 165 and indicated a trend reversal with a decent pullback improving the overall bias on the daily chart. The RSI has shown a trend reversal with potential visible on the upside to indicate strength and can carry on the momentum still further. We suggest to buy this stock for an upside target of 200 keeping the stop loss of 172."
Disclaimer
The stocks have been picked from the brokerage report of Prabhudas Lilladher. 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.
