Brokerage Stock Recommendations: Indian domestic market has been witnessing ups and downs for the last few days due to Middle East tensions and ongoing fluctuations in crude oil prices. However, brokerage firms are still placing their bets on some selected stocks.
He is confident that investors can benefit from purchasing these shares. Let us know, on the shares of which companies the brokerage firms are expressing their confidence…
Reliance Industries Limited
Brokerage houses Jefferies and Motilal Oswal have maintained a positive stance on Reliance Industries Limited. The brokerage firm has set a target of Rs 1750 per share for the stock.
This shows a possible increase of about 26 percent from the current level. The brokerage believes that the company’s earnings can increase due to growth in telecom, retail and digital businesses. Also, the business model of the company provides it stability.
Brokerage has strong trust on HDFC Bank
In recent times, brokerage houses seem positive about HDFC Bank. Jefferies has given a target of Rs 1240 on the stock. Which shows a possible rise of about 47 percent from the current level.
Apart from this, Motilal Oswal and Antique Stock Broking also seem positive about the financial position of the bank. He believes that strong balance sheet, better asset quality and ROE can help support the bank’s performance in the times to come.
Strong performance expected in ICICI Bank in future also
Motilal Oswal has maintained his confidence in ICICI Bank. The firm has set a target of Rs 1750 for this, which indicates a possible increase of about 40 percent from the current level.
The brokerage believes that the bank’s strong management, digital capability and continuously increasing loan growth are its major strengths. At the same time, Antique Stock Broking has also included the bank’s shares in the list of its favorite stocks.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read: Those betting on IOC, BPCL and HPCL beware! Shares may crash up to 20 percent
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