Buy 5 Stocks That Can Soar Up To 60%: Motilal Oswal Top Stocks Recommendation

Motilal Oswal has recommended investors to buy 5 stocks that has the potential to rise and offer good return potential to investors. These stocks are Brigade Enterprise, Aditya Birla Fashion & Retail Ltd, Galaxy Surfactants Ltd, Petronet LNG, and ICICI Bank. If you buy these stocks now, you will get potential upside of up to 60%. Check key takeaways below:

1. Buy Brigade Enterprises Ltd

Motilal Oswal has given buy call to Brigade Enterprises Ltd with a target price of Rs 720 apiece. Current market price of Brigade Enterprises Ltd is Rs 451.70 apiece with intraday gain of 0.44%.

If you buy Brigade Enterprises Ltd now, you will potentially get 60% return. The stock's 52-week high is Rs 585.00 apiece and 52-week low is Rs 385.25 apiece, respectively. The company has a market capitalisation of Rs 10,419.04 crore.

The mid cap stock, operating in Real Estate sector, declined 10% in last 3-months and 4% in last 1-year.
The stock has given 99% return in last 3-years and 131% in last 5-years.

2. Buy Aditya Birla Fashion & Retail Ltd

The brokerage firm has recommended investors to buy Aditya Birla Fashion with a target price of Rs 380 apiece. If you buy Aditya Birla Fashion & Retail Ltd at the current market price of Rs 250.30 apiece, you will likely receive a return of 52%.

The stock fell 2.26% in trade today. Its 52-week high is Rs 359.40 apiece and 52-week low is Rs 221.15 apiece, respectively. The company has a market capitalisation of Rs 23,745.80 crore.

The stock declined 27% in last 3-months and 11% in last 1-year. It gave a return of 7% in last 3-years and 50% in last 5-years. The large cap company operates in Retail sector.

3. Buy Galaxy Surfactants Ltd

Motilal Oswal has given buy rating to Galaxy Surfact with a target price of Rs 3504 apiece. The current market price of the Chemicals sector stock is Rs 2316.75 apiece on BSE with an intraday dip of 0.20%. If you buy Galaxy Surfactants Ltd now, you can fetch return of 51% soon.

The stock's 52-week high is Rs 3445.00 apiece and 52-week low is Rs 2302.00 apiece, respectively. The company has a market capitalisation of Rs 8213.98 crore.

The stock declined 18% in last 3-months and 26% in last 1-year. In last 3-years, it soared over 50%. The mid cap stock came into existence in 1986 and operates in Chemicals sector.

4. Buy ICICI Bank

Motilal Oswal has suggested investors to buy ICICI Bank with a target price of Rs 1150 apiece. Current market price of the large cap banking stock is Rs 817.55 apiece with an intraday decline of 4.41%.

If you buy ICICI Bank shares at current market price, the stock can offer a return potential of 41%.

The stock's 52-week high is Rs 958.00 apiece and 52-week low is Rs 642.00 apiece, respectively. The company has a market capitalisation of Rs 5,70,509.34 crore. The private sector bank stock soared 3% in last 1-year, 52% in last 3-years, and 126% in last 5-years.

According to Motilal Oswal, "With a floating-rate book of 70%, we think the bank is well placed to ride the rising interest rate environment. We estimate ICICIBC to deliver RoA/RoE of 2.2%/17.0% in FY25. Maintain Buy."

 

5. Buy Petronet LNG

The analyst has assigned buy call to Petronet LNG with a target price of Rs 271 apiece. If you buy Petronet LNG now at the current market price of Rs 225.55 apiece, you may potentially gain a return of 20%.

The stock's 52-week high is Rs 232.25 apiece and 52-week low is Rs 190.30 apiece, respectively. The company has a market capitalisation of Rs 33,832.50 crore.
The stock gave a return of 11% in last 3-months, 6% in last 1-year, and declined 17% in last 3-years.

According to Motilal Oswal, "The stock currently trades at 5.2x FY24E EV/EBITDA. We value PLNG on a DCF basis to arrive at a fair value of INR285 and reiterate our Buy rating on the stock."

Petronet LNG (PLNG) reported a beat on our EBITDA estimate despite lower volumes, due to 'Use or Pay charges' of INR8.5b during the quarter. Dahej utilization declined to 70%, adversely impacted by lower off-take amidst high LNG prices, while utilization at Kochi stood at 21%, added Oswal. 

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal. 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 check with certified experts before taking any investment decision.