Sharekhan Suggests: 6 Stocks To Buy For Upto 67% Likely Gain In September At Lower Prices

Nifty and Sensex are trading lower this month, due to the US Fed rate hike. The global economic slowdown and recession fears intensified in the global stock markets, reflecting the same in the Indian equity markets. However, Sharekhan suggests buying these 6 quality stocks at lower prices now, for high short-term returns.

Biocon Ltd.

The Current Market Price (CMP) of the company is Rs. 289. Sharekhan has estimated a Target Price for the stock at Rs. 435. This stock has the potential to give 50.3% return, in the upcoming 1 year. In the past 6 months it fell by 18.49%, but in last 1 year its share price has fallen by 20.59%.

Camlin Fine Sciences Ltd.

The Current Market Price (CMP) of the company is Rs. 128. Sharekhan has estimated a Target Price for the stock at Rs. 190. This stock has the potential to give 48.4% return, in the upcoming 1 year. In the past 6 months it fell by 11.21%, but in last 1 year its share price has fallen by 33.65%.

KNR Constructions

The Current Market Price (CMP) of the company is Rs. 246. Sharekhan has estimated a Target Price for the stock at Rs. 340. This stock has the potential to give 38.2% return, in the upcoming 1 year. In the past 6 months it fell by 15.61%, but in last 1 year its share price has fallen by 18.84%.

Manappuram Finance Ltd.

The Current Market Price (CMP) of the company is Rs. 99. Sharekhan has estimated a Target Price for the stock at Rs. 165. This stock has the potential to give 67% return, in the upcoming 1 year. In the past 6 months it fell by 17.22%, but in last 1 year its share price has fallen by 45.23%.

Amber Enterprises India Ltd.

The Current Market Price (CMP) of the company is Rs. 2,265. Sharekhan has estimated a Target Price for the stock at Rs. 3,000. This stock has the potential to give 32.5% return, in the upcoming 1 year. In the past 6 months it fell by 37.79%, but in last 1 year its share price has fallen by 27.52%.

PNC Infratech Ltd.

The Current Market Price (CMP) of the company is Rs. 271. Sharekhan has estimated a Target Price for the stock at Rs. 365. This stock has the potential to give 34.5% return, in the upcoming 1 year. In the past 6 months it gained by 7.83%, but in last 1 year its share price has fallen by 27.19%.

Disclaimer

The above stock was picked from the brokerage report of Sharekhan. 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.