JM Financial Recommends 2 Multibagger Tyres Stocks To Buy For Return Up To 28.1%

JM Financial has recommended investors to buy 2 stocks from the tyres sector. These 2 stocks are PCBL Ltd and Ceat. If you buy these stocks now at their last trading price, you can obtain maximum 28.1% return. Both the stocks offered return of more than 100% in last 2-years. Check details below:

Buy PCBL Ltd: Last trading price of PCBL Ltd share on BSE is Rs 249.80 with intraday gain of 1.05% as on December 22, 2023 on BSE. JM Financial has assigned buy rating to PCBL Ltd share with target price of Rs 320 apiece. If you buy PCBL stock at the last trading price of 249.80 apiece, you can get potential return of 28.1%. PCBL Ltd has a market capitalisation of Rs 9,429.02 crore.

The stock's 52-week high price is Rs 283.50 per share and 52-week low price is Rs 108.05 apiece, respectively. PCBL shares gained 89% year-to-date, soared 96% in last 1-year, and offered return of 122% in last 2-years. In last 3-years, PCBL stock soared 226%. In last 10-years, PCBL Ltd stock offered rally of 4631%.

Buy Ceat: The analyst has recommended buy rating to Ceat Ltd shares with target price of Rs 2750 apiece. Last trading price of Ceat share on BSE is quoted at Rs 2398.70 apiece. If you buy Ceat share at this price, you can fetch potential gain of 14.65%. The stock's 52-week high price is Rs 2640.00 per share and 52-week low price is Rs 1357.60 per share, respectively.

The company has a market capitalisation of Rs 9702.76 crore. Ceat shares gave return of 47% year-to-date, soared 44% in last 1-year, offered return of 121% in last 2-years, and rose 125% in last 3-years.

Disclaimer: The stock has been picked from the brokerage report of JM Financial. 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.