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Motilal Oswal Suggests Buying 2 Midcap Stocks For Upto 75% Upside: Should You Buy?

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The Indian stock markets were opened quite bearish today, however, recovered marginally. Nifty closed at 15,350.15 points by gaining 0.37%, today on June 20. Motilal Oswal in its recent valuation snapshot report has suggested two below-mentioned stocks for high near-term gains.

 

Motilal Oswal suggests investors to buy the stocks of Indigo Paints and Orient Electric.

Indigo Paints

Indigo Paints

In the past 1 year Indigo Paints' stock price has fallen by 44.91%, in the past 6 month the stock price has fallen by 26.70%, while in the past 1 month the share price has fallen by 16.24%. Market capitalization of this mid cap company is Rs. 6,708 crore. The company is fetching a dividend yield of 0.21%.

Current market price of Indigo Paints is Rs. 1424, and the brokerage firm has estimated a target price at Rs. 2010, with an upside of 41% in 1 year.

Orient Electric
 

Orient Electric

In the past 1 year Orient Electric's stock price has fallen by 20.76%, in the past 6 month the stock price has fallen by 32.44%, while in the past 1 month the share price has fallen by 9.89%. Market capitalization of this mid cap company is Rs. 5,256 crore. The company is also fetching a dividend yield of 0.81%. With this fall in share price, investors can obtain the stock for lower rate for high long term returns.

Current market price of Orient Electric is Rs. 263, and the brokerage firm has estimated a target price at Rs. 460, with an upside of 75% in 1 year.

Company performances & return comparison

Company performances & return comparison

In this table, the Current Market Price (CMP) and the Target Price (TP) of the recommended stocks have been mentioned.

CompanyCMPTP1 Year Expected Return
Indigo PaintsRs. 1424Rs. 201041.00%
Orient ElectricRs. 263Rs. 46075.00%


According to data available with NSE, in Q4 FY22, the Indigo Paints' Total Income stood at Rs. 28,837.82 lakh, as against Rs. 26,546.24 lakh in the previous quarter. Its Net Profit stood at Rs. 3,458.75 lakh, as against Rs. 2,430.40 lakh in the earlier quarter. Additionally, the company's Profit before tax (PBT) was reported at Rs. 4,741.63 lakh, as against Rs. 3,283.37 lakh in Q3 FY22.

In Q4 FY22, Orient Electric's Total Income stood at Rs. 75,332 lakh, as against Rs. 67,835 lakh in the previous quarter. Its Net Profit stood at Rs. 4,878 lakh, as against Rs. 3,808 lakh in the earlier quarter. Additionally, the company's Profit before tax (PBT) was reported at Rs. 6,547 lakh, as against Rs. 5,093 lakh in Q3 FY22, NSE informs.

Disclaimer

Disclaimer

The above stocks were picked from the brokerage report of Motilal Oswal. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.

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