Prior to the presence of the general budget yesterday, investors’ eyes are on the market. Meanwhile, brokerage firm Shareskhan has released a list of 8 selected stocks that are expected to return a great return in the next one year. These stocks include Bank of Baroda, Radico Khaitan, Transport Corporation of India (TCI), Oberoi Realty, Varun Beverages (VBL), Godrej Consumer Products, ICICI Bank and TCS. Sharekhan has given a BUY rating to all these stocks.
Sharekhan Top Pick: Buy’s advice in these 8 stocks
1. Bank of Baroda:
Current price: ₹ 238
Target Price: ₹ 280
Upside: 18%
2. Radico khaitan:
Current price: ₹ 2300
Target Price: ₹ 2760
Upside: 20%
3. Transport Corporation of India (TCI):
Current price: ₹ 1120
Target Price: ₹ 1400
Upside: 25%
4. oberoi realty:
Current price: ₹ 1756
Target Price: ₹ 2694
Upside: 53%
5. Varun beverages (vbl):
Current price: ₹ 541
Target Price: ₹ 750
Upside: 39%
6. Godrej Consumer Products:
Current price: ₹ 1119
Target Price: ₹ 1675
Upside: 50%
7. ICICI Bank:
Current price: ₹ 1256
Target Price: ₹ 1550
Upside: 23%
8. Tata Consultancy Services (TCS):
Current price: ₹ 4100
Target Price: ₹ 5230
Upside: 28%
On 31 January, the Indian stock market witnessed a boom for the fourth consecutive day. The economic survey increased the trust of investors and the market shopping intensified. The Sensex gained 740.76 points or 0.97% to close at 77,500.57, while the Nifty rose by 258.90 points or 1.11% to 23,508.40. Today’s trade gained increase in 2,635 shares, while 1,131 shares declined and 120 shares did not change. However, the market was under slight pressure in January. The Sensex dropped 638.44 points or 0.81% and Nifty 136.4 points or 0.57%.
The Economic Survey said that the decline in US markets could also affect the Indian market, as the participation of young investors after Kovid has increased rapidly. While there were 4.9 crore investors in FY 2020, by 31 December 2024 this number has increased to 13.2 crore. The report also reported that when the Nifty declined by more than 10%, 13 times out of 51 S&P 500 gave positive returns, but the average return was -5.5%. The Sensex and Nifty were also accelerating in the last season. The Sensex rose 226.85 points to 76,759.81 and the Nifty climbed 86.40 points to close at 23,249.50. This time the stock market will be open on Saturday due to the presentation of the budget, due to which investors are hopeful that the market may increase further.