The Indian stock market has been highly volatile this year on the back of a series of events that include US tariff threats and ongoing tension in the Middle East and Asia.
Amid this, choosing the right stocks for investment could be difficult for beginners and pro-investors as well. Meanwhile, domestic brokerage firm Motilal Oswal has suggested five stocks to invest in, initiating ‘Buy’ ratings.
The list includes leading companies from banking, NBFCs, auto ancillary, consumer, and retail sectors, representing various sectors.
According to the brokerage firm, strong fundamentals, improved growth outlook, and strong valuations could lead to further gains in these stocks. Therefore, long-term investors or traders should keep an eye on these stocks. Below are the stock names and target prices.
SBI
The brokerage firm showed confidence in India’s largest public sector lender SBI. It set a target price of Rs 1,300, which is a 28 per cent uptick potential as compared to the last day’s closing price of Rs 1,015
Shriram Finance and Cummins India
The list includes Shriram Finance and Cummins India. Shriram Finance, with a closing price of Rs 1005, has a target of Rs 1,230, offering a potential return of 22 per cent. Cummins India closed at Rs 5,600 with a target of Rs 6,600, indicating a potential return of 18 per cent.
Lenskart and Titan
Also on the list are Lenskart and Titan. Lenskart is currently at Rs 556 with a target of Rs 655, representing an 18% return. Finally, for Titan, the target is set at Rs 5,250, based on its Friday closing price of Rs 4,682, which suggests a potential return of 12 per cent.