The stock market is currently experiencing some turbulence, driven by factors such as rising crude oil prices, a sluggish performance in American markets, an increase in the dollar index, and bond yields.
Despite this uncertainty, there are promising investment opportunities available.
Several stocks with strong fundamentals are showing an upward trend, catching the eye of experts.
Leading domestic brokerage house Motilal Oswal Financial Services has recommended investing in five such stocks.
Godrej Properties (Ticker: GODREJPROP)
Motilal Oswal Financial Services suggests a “Buy” for Godrej Properties.
The long-term target price for this stock is set at Rs 1,915, while it closed at Rs 1,572.15 on September 26. This implies a potential return of 22%.
ITC (Ticker: ITC)
Investors are advised to consider shares of companies engaged in the FMCG sector, including hotels and cigarettes, like ITC.
The stock has a long-term upside target of Rs 535, compared to its closing price of Rs 442.40.
State Bank of India (Ticker: SBIN)
Motilal Oswal Financial Services recommends a “Buy” for the country’s largest government-owned bank, State Bank of India.
The upside target for this stock is set at Rs 700, while it closed at Rs 594.30 on the previous trading day, indicating an expected return of 18%.
Lemon Tree Hotels (Ticker: LEMONTREE)
The brokerage firm has a “Buy” rating for shares of the hotel sector giant, Lemon Tree Hotels.
The long-term target for this stock is Rs 135, with its recent closing price at Rs 115.20.
Maruti Suzuki India (Ticker: MARUTI)
Maruti Suzuki, a prominent player in the automotive sector, is in the spotlight due to a new product launch.
The brokerage recommends a “Buy” for this stock and sets a long-term target price of Rs 11,900, while it closed at Rs 10,549 on September 27.
