Stocks to buy: Axis Securities, a domestic brokerage firm, has suggested buying stocks from large, mid, and small-cap categories, all priced under Rs 500.
The recommended stocks include ITC, Federal Bank, Ashok Leyland, Healthcare Global, and PNC Infratech.
The stocks recommended by the brokerage firm are expected to offer substantial returns of up to 35%, based on their strong fundamental and technical outlook.
Axis Securities has given these stock recommendations based on their strong growth prospects.
Please note that these recommendations are solely those of the brokerage and do not reflect the views of Zee Business.
It is advisable to seek professional advice before making any investment decisions.
ITC share price
According to the brokerage firm Axis Securities, ITC’s stock is recommended with a target price of Rs. 460 per share, which is around 20% higher than the stock’s recent closing price of Rs. 387.5 (as of April 6).
This indicates that investors may potentially earn a return of about 20% if they invest in ITC shares.
Federal Bank share price
Axis Securities has set a price target of Rs 170 per share for Federal Bank.
As of April 6, the stock was trading at Rs 127, so investors could potentially earn a return of around 30% if the price target is achieved.
Ashok Leyland share price
The brokerage has set a price target of Rs 175 apiece for Ashok Leyland’s shares.
On April 6, the stock closed at Rs 136.4. Investors may expect a return of about 30 per cent based on this recommendation.
Healthcare Global share price
According to the brokerage, Healthcare Global has been recommended for a price target of Rs 460 apiece.
As of April 6, the stock settled at Rs 271. The brokerage predicts that investors could potentially earn a return of around 25 per cent.
PNC Infratech share price
According to the brokerage’s recommendation, PNC Infratech’s share price target is Rs 390 per share.
On April 6, the stock settled at Rs 287. Investors could expect a return of around 35%.
