Stocks To Buy For 2024: Motilal Oswal Recommends PSU Bank Stock & Cement Stock

Motilal Oswal has recommended investors to buy shares of public sector lender SBI and large cap cement sector stock Dalmia Bharat. The analyst has assigned buy call to SBI share with target price of Rs 700 apiece.

The brokerage firm has given buy call to Dalmia Bharat shares with target price of Rs 2800 apiece. Check details below:

Buy Dalmia Bharat Share: Last trading price of Dalmia Bharat Ltd share on BSE is Rs 2193.85 per share. Motilal Oswal recommended buy call to Dalmia Bharat stock with target price of Rs 2800 per share. If you buy Dalmia Bharat share now, you can obtain likely upside of 27.63%. Dalmia Bharat has a market capitalisation of Rs 41,145.14 crore. Its 52-week high price is quoted at Rs 2428.85 per share and 52-week low price is quoted at Rs 1675.00 per share, respectively.

Dalmia Bharat shares fell 7.15% in last 1-week, declined 5.87% in last 2-weeks, and offered return of 18% in last 1-year. In last 3-years, Dalmia Bharat shares surged 117%. Check details below:

Buy SBI Share: Motilal Oswal has recommended investors to buy PSU bank State Bank Of India shares with target price of Rs 700 apiece. Current market price of SBI stock on BSE is Rs 636.65 apiece. If you buy SBI shares now at the last trading price of Rs 636.65 apiece, you can fetch likely gain of 9.95%. The stock's 52-week high price is quoted at Rs 660.40 per share and 52-week low price is quoted at Rs 499.35 per share, respectively. The company has a market capitalisation of Rs 5,68,185.42 crore. SBI share gained 14% in last 1-month, soared 13% in last 6-months, and offered return of 7.30% in last 1-year. In last 2-years, SBI shares soared 40% and gained 147% in last 3-years.

SBI issued a BSE filing on December 22 stating, "Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform that State Bank of India has concluded the issuance of USD 250 Mio Senior Unsecured Green Floating Rate Notes having maturity of 5 years and coupon of O/N Compound SOFR+120bps p.a. payable semi-annually under Regulation-S. The Bonds will be issued through our London branch as of 29th December 2023."

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.