1/6
Stocks to buy this week
Research house: Motilal Oswal
Advice: Buy
Stock price: Rs 486
1-year target price: Rs 650
Potential upside: 33.7%
Comment: Initiate with ‘buy’ as expansion in global markets and diversifying into other sectors will create value. Asset-light model, structural tailwinds, rising leisure travel, growing adoption of bank cards are positives.
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2/6
Stock recommendations this week
Research house: Investmentz
Advice: Accumulate
Stock price: Rs 1,474
1-year target price: Rs 1,876
Potential upside: 27.3%
Comment: Recommend ‘accumulate’ due to likely jump in welding demand amid rising capital expenditure in various sectors. Strong distributor network, focus on innovation and new product development and diverse customer base across industries are other positives.
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3/6
Stocks to watch out for
Research house: ICICI Securities
Advice: Buy
Stock price: Rs 1,008
1-year target price: Rs 1,250
Potential upside: 24%
Comment: Initiate with ‘buy’ due to its superior margin profile, sticky brand loyalty, recovery in the lubricant market, distribution network expansion, cost efficiencies and enhanced product portfolio.
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4/6
Top stock picks
Research house: Antique Stock
Advice: Buy
Stock price: Rs 544
1-year target price: Rs 670
Potential upside: 23.2%
Comment: Retain ‘buy’ due to its strong execution capabilities, recovery in the export market demand, steady domestic business and successful ramp-up of capex in laminates, plywood, and particle board segments.
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5/6
Top stocks to buy this week
Research house: Sharekhan
Advice: Buy
Stock price: Rs 625
1-year target price: Rs 755
Potential upside: 20.8%
Comment: Upgrade to ‘buy’ due to its healthy earnings outlook, likely increase in oil and gas production in the future, potential value creation from NRL’s expansion, healthy dividend yield and reasonable valuations.
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6/6
Stocks to buy
Research house: Geojit
Advice: Buy
Stock price: Rs 660
1-year target price: Rs 792
Potential upside: 20%
Comment: Maintain ‘buy’ due to its diversified portfolio, new offerings, stability in commodity prices and chip supplies, rise in content per vehicle and better revenue visibility on a medium-to-long bias.
Stock prices as on March 7, 2024.
Source: ET Wealth Edition
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