Top 7 New Year Picks: Motilal Oswal Sees 7 Stocks Rising, Buy To Get Up To 82% Return In 2023

Leading brokerage firm Motilal Oswal has recommended investors to buy 7 stocks for new year showing return potential of up to 82%. These stocks are Indostar Capital Finance Ltd, MAS Financial Services Ltd, Laurus Labs Ltd, Transport Corporation of India Ltd, Coal India, ICICI Prudential Life Insurance Company Ltd, and Union Bank. Check key details below:

Name of company	Potential Return
Indostar Capital Finance Ltd	82%
Laurus Labs Ltd	60%
Coal India	48%
MAS Financial Services	43%
ICICI Prudential Life Insurance Company	36%
Transport Corporation of India	34%
Union Bank	33%

1. Buy Indostar

Motilal Oswal has recommended investors to buy Indostar Capital Finance Ltd shares with a target price of Rs 257 apiece showing a potential return of 82%.

The current market price of the stock is Rs 141 apiece with an intraday gain of 4.89%. The company has a market capitalisation of Rs 1755 crore. The small cap NBFC Sector stock has fallen 38% in last 1-year.

2. MAS Financial Services Ltd

Motilal Oswal is bullish on the stock and has assigned buy call to the stock with a target price of Rs 1060 apiece. The current market price of the NBFC Sector stock is Rs 740 apiece with an intraday gain of 2.91%.

If you buy MAS Financial Services Ltd now, you can get potential 43% return. The mid cap stock has given 18% return in last 5-years and 11% in last 1-year. The company has a market capitalisation of Rs 4055 crore.

3. Buy Laurus Labs Ltd

The analyst has recommended investors to buy shares of Laurus Labs with a target price of 610 apiece. The current market price of the stock is Rs 381 apiece with an intraday fall of 0.61%. If you buy Laurus Labs Ltd today, you can get potential 60% return.

The company has a market capitalisation of Rs 20,511 crore. The mid cap Pharmaceuticals sector stock has given 424% return in last 3-years and 250% return in last 5-years.

4. Buy Transport Corporation of India

The brokerage has assigned buy call to the stock with a target price of Rs 810 apiece. The current market price of the stock is Rs 604 apiece with an intraday gain of 5.46%. If you buy Transport Corporation of India today, you will get 34% return.

The company has a market capitalisation of Rs 4689 crore. The stock has given a return of 127% in last 3-years and 102% in last 5-years. The small cap company was incorporated in 1995.

5. Buy Coal India

Motilal Oswal has assigned buy rating to the stock with a target price of Rs 325 apiece. The current market price of Coal India Ltd is Rs 220 apiece. If you buy Coal India now, you can get 48% return in 2023.

The company has a market capitalisation of Rs 1,35,826.53 crore. The large cap stock has rallied 50% in last 1-year and 11% in last 3-years.

6. Buy ICICI Prudential Life Insurance Company Ltd

The brokerage firm has assigned buy call to the stock with a target price of Rs 600 apiece. The current market price of the stock is Rs 442 apiece with an intraday gain of 0.68%. If you buy ICICI Prudential Life Insurance Company Ltd now, you will get 36% return.

The financial services stock has given 12% return in last 5-years.

7. Buy Union Bank

The brokerage has assigned buy call to the PSU stock with a target price of Rs 100 apiece. If you buy the shares of the banking stock at the current market price of Rs 75 apiece, you will get 33% return.

The stock gained 10% intraday. It has a market capitalisation of Rs 51,192 crore. The stock has given 75% return in last 3 months and 72% return in last 1-year.

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.