1. Reliance Industries Limited:
Reliance has seen a muted 2023 with -0.60% returns. However , the stock can rally up to 18% in the next year. Investors can buy the stock in the range of RS 2,500-2,570 for a target of RS 3,050. The stop loss can be placed at RS 2,230.
2. Hindalco:
Hindalco has an upside of 18% from current levels. The returns have been on par with the benchmark Nifty this year. Investors can buy the stock in the range of RS 540-580 for the target of RS 675. The stop loss can be placed at RS 460.
3. Tech Mahindra:
Tech Mahindra has been among the top performing IT stocks this year with 25% returns. Some experts sees further upside of 18% with a target of RS 1500. The buying range is RS 1,210-1,290. The stop loss can be placed at RS 1100.
4. Punjab National Bank:
Punjab National Bank has surged more than 50% this year. The stock has a target of RS 115 and buying can be done in the range of RS 85-93. The stop loss can be placed at RS 78.
5. Glaxo pharma:
Glaxo pharma has an upside up to RS 2180 from current levels. The stock has a buying range of RS 1,700-1,770. The stop loss can be placed at RS 1540. The company’s shares rose 33% this year.
6. LIC HFL :
LIC Housing Finance has delivered 22% returns this year. The stock has a buying range of RS 490-520 with a target of 670, a 30% gain of current levels. The stop loss can be placed at RS 450.
7. Arvind Fashions:
Arvind fashion can rally up to 29% from the current levels, according to the brokerage house. The target for the stock is RS 525 and the buying range is RS 390-420. The stop loss can be placed at RS 350.
Disclaimer:
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the view of growwithsho.com.