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Top 6 Preferred Picks By Motilal Oswal: 6 Stocks That Can Soar Up To 71%, Buy
Motilal Oswal has recommended 6 stocks that are showing the potential to soar over 71%. Computer Age Management Services, Coal India, Lemon Tree, Jubilant Foodworks, Macrotech Developers, and Angel One. If you buy these stocks at today's current market price, you will potential get 69% return. One of the stocks, CAMS will offer dividend income as the board of directors have fixed February 15, 2023 as the record date. Check key details below:
1. Buy CAMS
Motilal Oswal has recommended investors to buy Computer Age Management Services (CAMS) with a target price of Rs 2900 apiece. The current market price of CAMS is Rs 2223 apiece.
If you buy CAMS now, you will get 30% return. The stock has a market capitalisation of Rs 10,894 crore. The small cap stock has declined 20% in last 1-year.
Bonanza have recommended investors to buy Computer Age Management Services Ltd (CAMS) that is offering dividend in February end. If you buy CAMS now, you will get return of 53% along with dividend income. Bonanza has assigned a target price of Rs 3400 to CAMS.
2. Buy Coal India
Motilal Oswal has assigned a target price of Rs 325 apiece. The current market price of the stock is Rs 214 apiece. If you buy Coal India now, you will get 52% return.
The stock has given maximum 37% return in last 1-year. The large cap company has a market captalisation of Rs 1,32,498.66 crore.
According to the brokerage, "With the onset of winters, we believe the demand for coal for power should slow down somewhat giving the company some headroom for higher non-power and e-auction dispatches. This in turn should help deliver another record set of profits for 3QFY23."
3. Buy Lemon Tree Hotels Ltd
The stock has got buy rating too from Motilal Oswal with a target price of Rs 110. The current market price of the mid cap stock is Rs 79 apiece. It has a market capitalisation of Rs 6298 crore.
If you buy Lemon Tree Hotels now, you will get 39% return. It has given maximum 66% return in last 1-year and 35% return in last 3-years. It has fallen 14% in last 3-months.
According to Oswal, "Lemon tree is well-placed to capitalize on the impending opportunity in the domestic Hospitality industry and the expected upcycle, due to, its strong presence in the Mid-Priced Hotel segment, stabilization of Hotels launched before COVID-19 in greater demand and higher ARR markets, and an increase in inventory through management contracts."
4. Buy Jubilant Foodworks
The analyst has assigned buy call to Jubilant Foodworks with a target price of Rs 740 apiece. The current market price of the stock is Rs 499 apiece.
If you buy Jubilant Foodworks now, you will get 48% return. The large cap company has a market capitalisation of Rs 32, 962 crore. It has given maximum 159% return in last 5-years and declined 33% in last 1-year.
According to Motilal Oswal, "JUBI added over 7m customers to its loyalty program within a short span of time (launched in May'22). This along with its highest ever own channel contribution to total delivery sales augurs well in strengthening its moats."
5. Buy Macrotech Developers
The analyst has recommended investors to buy Macrotech Developers with a target price of Rs 1530 apiece. The current market price of the stock is Rs 1052 apiece.
If you buy Macrotech Developers now, you will get 45% upside. It has a market capitalisation of Rs 50,689 crore. It has given 126% return in last 5-years.
According to Motilal Oswal, "It continues to progress well both on deleveraging as well as seeking its '20-20-20' medium-term growth strategy. Under this strategy, it plans to deliver 20% growth in pre-sales, maintain PAT margin at 20%, and generate a RoE of 20%. The management expects pre-sales to reach INR200b by FY26."
6. Buy Angel One
Motilal Oswal is bullish on Angel One and assigned a target price of Rs 2200 apiece. The current market price of the stock is Rs 1285 apiece.
If you buy the stock now, you will get 71% return. The company has a market capitalisation of Rs 10,719 crore. The stock has given maximum 365% return. The small cap company operates in Financial Services sector.
According to Motilal Oswal, "ANGELONE is a perfect play on: 1) the financialization of savings and 2) digitization. It demonstrated a strong operating performance in 2QFY23, even amid challenging market conditions."
Disclaimer
The stocks have been picked from the brokerage report of Motilal Oswal and Bonanza. 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.
