Top Stock Picks For 2023: Motilal Oswal Assigns Buy On These 4 Stocks For Double Digit Gains In 2023

Motilal Oswal has picked Samvardhana Motherson International Limited, KNR Construction Limited, ONGC, and Axis Bank as its Top Picks for 2023. The brokerage initiates cover on these stocks with a positive outlook, assigning buy on the stocks with attractive valuation. These 4 stocks are from Infra, Banking, Oil & Gas, and Auto Ancillary sectors. Below are the key takeaways:

1. KNR Construction Limited

KNR Construction is a small-cap Infrastructure company, having a market capitalization of Rs 7,167.26 crore. The brokerage has assigned a "Buy" on the stock with a target price of Rs 310 apiece. It claims a 22% potential upside from its current level.
 
 Its current market price (CMP) is Rs 254.85 apiece on NSE, up 2.85% from its previous close. Its recorded 52-week low is Rs 202.70 apiece and its 52-week high is Rs 329.85 apiece, respectively. 
 
 It moved up 4.34% in the last 1 week, whereas it moved down 2.64% in the last 1 month. It moved up 11.41% in the last 3 months and 6.33% in the last 6 months., respectively. It has fallen 13.61% in the last 1 year. It has given 116.85% multibagger returns in the last 3 years and 57.15% positive returns in the last 5 years.

2. Axis Bank

Axis Bank is one of the leading private-sector banks in India. With a market capitalisation of Rs 2,86,795 crore, it is a large-cap banking stock. Motilal Oswal has assigned a "buy" on the stock with a target price of Rs 1,130 apiece. If you buy the stock at the current market price, it could give you up to a 21% return on investments. 

The stock last traded at Rs 933.75 apiece on NSE. It is trading 2.62% away from its 52 week high which it recorded on 27 December 2022 at Rs 958.90 apiece. Its 52 week low is Rs 618.25 apiece.

The stock has given 2.99% in the past month and 3.61% in the past month, respectively. It gave 27.35% and 46.76% in 3 and 6 months positive returns, respectively. It has given 39.61% positive returns in a year and 23.82% over three years, respectively. It has given 65.57% positive returns over the past five years.

3. Samvardhana Motherson International Limited

Samvardhana Motherson is an Auto Ancillary sector mid-cap company. It manufactures wiring harnesses, plastic components and rearview mirrors for passengers. It has a market capitalisation of Rs 33,498.11 crore.

Motilal Oswal Passigns buy on the stock with a target price of Rs 95 apiece. According to the given target price, it could fetch 29% returns if you buy the stock at the current market price. On NSE, the stock last traded at Rs 74.15 apiece. It recorded its 52 week high at Rs 169.30 apiece and its 52 week low at Rs 61.80 apiece, respectively.

The stock in the past 1 week has surged 10.84% and 36.06% in the past 3 months, respectively. It moved down 31.06% in the past 1 year and 41.34% in the past 5 years, respectively.

4. Oil & Natural Gas Corporation Limited (ONGC)

ONGC is a Maharatna Company that operates in the Oil & Gas and Petrochemicals sector under the ownership of the Ministry of Petroleum & Natural gas, Government of India. It is a Large cap PSU stock having a market capitalisation of Rs 1,84,615 crore. Motilal Oswal has assigned a "Buy" on the stock with a target price of Rs 198 apiece. With the given target price it claims 35% robust gains in 2023. 

The stock on NSE last traded at Rs 146.75 apiece, 1.45% up from its previous close with the 52-week high at Rs 194.95 apiece and the 52-week low at Rs 119.85 apiece, respectively. 

The stock surged 4.97% in a week, 4% in a month, and 15.73% in 3 months, respectively. It has given 4.35% positive returns in the last 1 year and 14.69% positive returns in the last 3 years, respectively. However, it fell 24.82% in the 5 years.

 

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal.s 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.