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Top New Year 2023 Picks: Top Brokerage Picks These 3 BFSI Sector Stocks, Assigns Buy Call
Axis Securities has picked Cholamandalam Investments & Finance Company, Mas Financial Services, and Federal Bank as its Top New Year 2023 stock picks. The brokerage has assigned a "Buy" rating to the stocks with attractive valuations. It sees a robust upside in the share prices of the stocks in 2023. Below are the key takeaways from the stocks:
Federal Bank Limited
Axis Securities has assigned buy on the stock with a target price of the target price of Rs 160 apiece. The brokerage claims 16% potential upside from its current level if you buy the stock today at the current market price. It is a private-sector lender based in Kerala state. It has a market capitalisation of Rs 28,986.36 crore.
The Current Market Price (CMP) of stock is Rs 138.20 per share on NSE, up 0.40% from its previous close. Its 52-week high is Rs 142.20 apiece and its 52-week low is Rs 80.60 apiece, respectively.
It surged by 12.49% in the past one week and by 4.49% in the last month, respectively. It has risen by 16% in the past three months and 53.1% in the six months, respectively. It has given 67.58% positive return in the past 1 year. It has given 57.34% positive return in the past 3 years. It has given 26.96% positive return in the past 5 years.
Cholamandalam Investments & Finance Company Limited
The brokerage recommends "Buy" the stock for a target price of Rs 845 apiece. If you buy the stock at the current market price, it could fetch gains up 17% considering the given target price. It is a mid cap NBFC stock with a market capitalisation of Rs 59,574.96 crore.
The stock is currently trading at Rs 725.65 apiece on NSE, up 1.49% from its previous close. Its 52-week high was recorded at Rs 817 apiece and its 52 week low at Rs 504.25 apiece, respectively.
It has fallen 3.68% in the past 1 week, and fallen 1.42% in the past 1 month, respectively. However, it has given 42.52% positive return in the last 1 year. It has given the highest 137.2% multibagger returns in the last 3 years. Whereas, it has given 178.94% multibagger returns in the past 5 years.
Mas Financial Services Limited
Axis Securities has assigned a "Buy" on the stock with a target price of Rs 955 apiece. It claims 19% potential upside in the share price considering the given target price. It is a small-cap NBFC. It has a market capitalisation of Rs 4,419.15 crore.
The stock is currently trading at Rs 807.80 apiece on NSE, up 1.88% from its previous close. The stock recorded its 52-Week high at Rs 937.95 apiece and its 52 week low at Rs 460.30 apiece, respectively.
The stock in the past 1 week has surged by 12.66%, whereas, in the past 1 month, it fell by 5.13%. In 3 and 6 months it has given 9.34% and 63.51% positive returns, respectively. It has given 26.5% in the past 1 year, and 9.01% negative returns in the past 3 years, respectively. It gave a maximum 28.89% positive returns in the past 5 years.
Disclaimer
The stock has 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 consult with certified experts before making any investment decision.
