Sharekhan Lists 5 Top Stocks Showing Potential To Soar, Buy, Hold Call Assigned

Sharekhan by BNP Paribas has listed 5 stocks showing potential to soar soon. These stocks are Bajaj Finance, Dalmia Bharat, L&T Technology Services, Tata Consumer Products Ltd, and Maruti Suzuki India Ltd. If you buy these stocks now, you can get potential gain of up to 25%. Most of these stocks declared attractive dividends as well. Check details below:

1. Buy Dalmia Bharat: Sharekhan by BNP Paribas has assigned buy call to Dalmia Bharat with target price of Rs 2250 apiece. Current market price of Dalmia Bharat is 2001.50 per share. If you buy Dalmia Bharat shares now, you can get likely return of 12%. The shares of Dalmia Bharat gave return of 21% in last 6-months, 33% return in last 1-year, 29% in last 2-years, and 283% return in last 3-years.

2. Buy Bajaj Finance: The brokerage house has recommended buy call to Bajaj Finance with target price of Rs 7500 apiece. The current market price of Bajaj Finance is Rs 6176.50 per share. If you buy Bajaj Finance share now, you can fetch likely upside of 21%. The stock gave return of 166% in last 3-years, 11% in last 2-years, and fell 6% in last 1-year. It rallied 8% in last 1-month.

The company on April 26, 2023 recommended a dividend on equity shares at the rate of Rs. 30 per share (1500%) of face value of Rs. 2 each. for the financial year ended 31 March 2023. June 30, 2023 is set as record date for the said dividend.

3. Hold L&T Technology Services: The analyst is upbeat on the stock and suggested investors to hold L&T Technology Services shares with target price of Rs 3800 per share. Current market price of L&T Technology Services is Rs 3733.75 per share. The stock rallied 8% in week, gave 3% return in last 6-months, fell 5% in last 1-year, 33% return in last 2-years, and gave maximum 202% return in last 3-years.

The Board of Directors on April 26, 2023 at their meeting held today, recommended a final dividend of 1,500 % i.e. Rs. 30/- per equity share of face value of Rs 2.00/- each, subject to approval of the shareholders of the Company.

4. Buy Tata Consumer Products: Sharekhan by BNP Paribas has given buy rating to Tata Consumer Products with target price of Rs 870 apiece. Current market price of Tata Consumer is Rs 781.10 per share. If you buy Tata Consumer Products Ltd share now, you can get potential return of 11%. The stock gave return of 15% in last 2-years, and 122% in last 3-years. It fell 5% in last 1-year.

The Board on April 25, 2023 has recommended a final dividend of Rs. 8.45/- per equity share of Re. 1 each (845%), for the financial year 2022-23.

5. Buy Maruti Suzuki India: The analyst is bullish on Maruti Suzuki India and assigned buy call with target price of Rs 10,965 per share. Current market price of Maruti Suzuki India is Rs 8802.00 per share. If you buy Maruti Suzuki India shares now, you can obtain likely return of 25%.

The auto giant also announced a final dividend of Rs 90 per share for the fiscal 2022-23. Maruti will the dividend in September. The stock gave 15% return in last 1-year, 33% return in last 2-years, and 64% return in last 3-years.

Disclaimer: The stocks have been picked from the brokerage report of Sharekhan by BNP Paribas. 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.