Stocks to buy: Global brokerage firm Bofa Securities have made a strong estimate about the Indian stock market. Brokerage believes that the Nifty 50 may touch the level of 25,000 by the end of this year, indicating a rise of 14% from current levels. This estimate has come at a time when the Nifty has fallen from 26,277 to 16% of its September 2024. However, Bofa has advised to take precautions for smallcap and midcap stocks and only advise to buy 12 largecap shares. Most of these are part of the Nifty 50 index. Brokerage has estimated these stocks to earn from 10% to 42%.
1. HDFC Life
Brokerage has given a target price of Rs 875 to the insurance sector giant HDFC Life. This is anticipated an increase of up to 42% in the stock. The reason for this is expanding the expansion of new branches, strong product mix and the increasing penetration of the company in Tier-2 and Tier-3 cities.
2. Mahindra & Mahindra (Mahindra & Mahindra)
Brokerage believes that the auto sector giant is in a strong position despite the speculation of Tesla’s entry into India. Increasing share in the SUV market, strength in tractor business and electric vehicle strategy make it attractive in a long period. In view of this, it has given it a target price of Rs 3,650, which is estimated to have a possible increase of 40%.
3. Bharti Airtel (Bharti Airtel)
India’s leading telecom company Airtel seems to have a 31% growth. Potential tariff hike, increase in data usage and better cash flows are being counted in its main advantages. He has fixed a target price of Rs 2085 for this.
4. Larsen & Toubro (L&T)
The brokerage in the infrastructure giants L&T seems to have a 30% growth and has fixed a target price of Rs 4,150 for this. Brokerage said that the strong order book, the government’s CAPECS policy and the possibility of share buyback are making it attractive.
5. Titan
Brokerage in Titan, a major jewelery and watches, shows a potential increase of 29% and has fixed a target price of Rs 3980 for this. Brokerage said that the Gold Exchange Program, the expansion in the wedding segment and the strength of the brand make it interesting for investors.
6. Axis Bank
Bofa Securities has given a target price of Rs 1300 for Axis Bank shares. This expresses the possibility of an increase of about 29 percent from the current level. Brokerage said that low valuation, strong balance sheet and risk-relieved ratio are going in its favor.
7. Infosys (Infosys)
Brokerage has estimated a 26% lead over IT sector veteran Infosys and has fixed a target price of Rs 2,150. Strong appearance in clouds, data and ERP services, as well as good valuations making it attractive to investment.
8. Shriram Finance
Brokerage about this company in the financial sector believes that it may have a potential boom of 26% and has given a target price of Rs 780 for this. Brokerage said that strong balance sheet, stable asset quality and better funding costs are going in its favor.
9. ICICI Bank
Bofa Securities described ICICI Bank as one of the safest banks in terms of asset quality. He has given a target price of Rs 1500 for this, which is likely to increase by 24%. Brokerage said that strong asset quality and high provision buffers make it attractive to investors.
10. Divis Laborators (Divis Laboratories)
Brokerage said that this legendary pharma sector company Divis Lab may show an earning growth of more than 25% in the next two years. New capacity expansion and demand for GLP-1 products are large advantages for this. He has fixed a target price of Rs 6,850 for this, which expresses the possibility of an increase in this stock by 24 per cent.
11. Eicher Motors
The company is known for the Royal Enfield brand. Brokerage has fixed a target price of Rs 6000 for this, which is likely to increase up to 22%. Brokerage stated that the strong grip in rising sales and premium motorcycle segment is making it interesting for investors.
12. Bajaj Finance (Bajaj Finance)
Bajaj Finance has been estimated to have the lowest 9% lead in this list. Brokerage has given this stock a target price of Rs 9,350. Bofa said that the company’s strong asset quality, industry-leading growth and stable credit costs make it a safe option for investment.
Also read- You will not know the bottom will not even know, there will not be a chance to buy veteran stocks at 30-40% discount
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