Motilal Oswal has given a BUY rating to ICICI Bank, Bharat Electronics, Zydus Wellness, Bharti Airtel, and KEI Industries. These stocks are expected to deliver returns of 10-24%. Research is essential before investing.
Stocks To Buy: Brokerage firm Motilal Oswal has recently advised investors to buy 5 stocks. According to the report, these stocks have the potential to deliver good returns to investors in the coming period. These include ICICI Bank, Bharat Electronics, Zydus Wellness, Bharti Airtel, and KEI Industries. These shares, suggested based on expert opinion and research, present opportunities for investors.
The Importance of Research Before Investing
It is essential to conduct thorough research before buying any new stock. There are thousands of stocks available in the market, but not all offer good returns. Prioritizing stocks recommended by a brokerage firm or expert is considered a good approach. Motilal Oswal's report suggests 5 stocks, assigning them a BUY rating and providing estimates of potential returns.
5 Key Stocks and Potential Returns
- ICICI Bank closed at ₹1,372 on Monday. Motilal Oswal has set a target price of ₹1,700, which could yield a potential return of approximately 24 percent.
- Bharat Electronics currently trades at ₹413, with a target price of ₹500. Investors could potentially profit by up to 21 percent.
- Zydus Wellness closed at ₹482, and the target price is set at ₹575. The potential return is 19 percent.
- Bharti Airtel shares are at ₹2,102, with a target price of ₹2,365. Investors could potentially gain up to 13 percent from this stock.
- KEI Industries closed at ₹4,523 on Monday, with a target price of ₹4,960. Investing in this stock could yield a return of up to 10 percent.
Outlook for Nifty and Bank Nifty
The report also includes an analysis of Nifty and Bank Nifty. Nifty has immediate support at 26,150 and then the 26,050 zone. Resistance can be seen at 26,400 and then the 26,500 zone. For Nifty to move upwards towards 26,400 and 26,500, it needs to remain above the 26,250 zone. Keep an eye on support at the 26,150 and 26,050 zones.
For Bank Nifty, support is at 59,750 and then the 59,500 zone. Resistance will be observed at the 60,437 and 60,750 zones. To move upwards, it is essential to remain above the 60,000 zone, while support will be found at the 59,750 and 59,500 levels on the downside.
