Buy 10 Quality Stocks With Multibagger Returns This Week For High Returns In 2023

Leading brokerage firms in December 2022 placed a "Buy" call on several quality stocks from across the sectors, and market capitalisation. Among these stocks a lot have given multibagger returns. Here we list 10 stocks with multibagger returns that got a "Buy" call by the top brokerage.

Stocks - Target Price, & Potential Gains

Sr.No.	Stocks	Target Price	Potential  Gains (in %)
1	Greenpanel Industries	595	93	BoB Capital
2	Godawari Power & Ispat	550	74	Edelweiss Wealth Research
3	Century Plyboards	775	55	ICICI Securities
4	Mahindra Lifespace	550	53	Motilal Oswal
5	Jamna Auto Industries	140	42	LKP Research
6	Tanla Platforms	920	41	Geojit
7	IIFL Finance	604	37	Hem Securities
8	Timken India	4180	31	Monarch Networth Capital
9	Indian Hotels Company	390	31	Motilal Oswal
10	Jindal Stainless	270	30	ICICI Securities

01. Greenpanel Industries

BoB Capital suggests buy the stock with a target price of Rs 595/share for 93% gains. The stock is currently trading at Rs 315.50/share on NSE. It has given 578.77% multibagger returns in the past 3 years. The stock is from the building material sector. It is a small-cap stock.

02. Godawari Power & Ispat

Edelweiss Wealth Research has placed a "buy" on the stock with a target price of Rs550/share for 74% gains. The stock is trading at Rs 329.80/share on NSE. The stock is from the Metal sector. It is a small-cap stock. Gave maximum 494.44% multibagger returns in 3 years.

 

03. Century Plyboards

ICICI Securities Recommends "Buy" on the stock with a target price of Rs 775/share. It sees a potential upside of up to 55% from its current level. It is trading at Rs 508.55/share on NSE. The stock is a mid cap stock from the Building material sector. It has given 216.29% multibagger returns in 3 years.

04. Mahindra Lifespace

Motilal Oswal assigns "Buy" on the stock with a target price of Rs 550/share. It sees 53% upside in the share price from its current level. The stock is currently trading at Rs 362.50/share. It is a small-cap real estate sector stock. The stock has given a maximum 176.95% multibagger returns in 3 years.

 

05. Jamna Auto Industries

Leading brokerage firm LKP Research has placed a "Buy" on the stock with a target price of Rs 140/share for a decent gain up to 42%. The stock on NSE is trading at Rs 102.30/share. It has given a maximum 119.21% multibagger returns in 3 years. The stock is from the Automobile sector. It is a small-cap stock.

 

06. Tanla Platforms

Geojit has placed a buy on this stock with a target price of Rs 920/share. It sees a potential upside of 41% from its current level. It is currently trading at Rs 684.80/share. The stock has delivered 926.95% returns in 3 years. It has given a maximum 1,640.33% multibagger returns in 5 years. This is an IT Sector midcap stock.

07. IIFL Finance

Hem Securities recommends buy the stock with a target price of Rs 604/share. It sees a potential upside in share price up to Rs 37% from its current level. The stock is trading at Rs 459.95/share on NSE. This is a midcap NBFC sector.

08. Timken India

Monarch Networth Capital is bullish on the stock, Suggests buy for a target price of Rs 4,180/share. It claims a potential upside of 31% from its current level. On NSE, the stock is currently trading at Rs 3,103.05/share. It has given multibagger returns. It has given a maximum 240.78% in 3 years and 244.84% in 5 years, respectively.

 

09. Indian Hotels Company

This is a Tata Group midcap company from the Hospitality sector. Motilal Oswal has placed a "Buy" call on the stock with a target price of Rs 390/share for a decent gain of up to 31%. The stock is currently trading at Rs 307.65/share on NSE. It has given 111.42% multibagger returns in 3 years and 153.53% multibagger returns in 5 years, respectively.

10. Jindal Stainless

ICICI Securities in its recent report assigned "buy" on this metal sector stock for a target price of Rs 270/share for an upside of up to 30% from its current level. It is a mid cap Stock. It has given a maximum 497.99% multibagger return in the past 3 years.

Disclaimer

The stocks have been picked from the brokerage report of the top brokerage firms. Securities. 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 consult with certified experts before making any investment decision.