Stocks to Buy: Brokerages are bullish on these stocks in a volatile market, showing strong upside; learn the details

The Indian stock market has been experiencing constant volatility over the past few days. Meanwhile, brokerage firms are showing positive sentiment on some stocks. Let's take a look at these select stocks...

 

Brokerage firms bullish on these stocks

 

Stocks to Buy: The Indian stock market has been experiencing constant fluctuations over the past few days. Meanwhile, brokerage firms are showing positive sentiment on some stocks. According to brokerages, these stocks could see significant gains. Let's learn more about these selected stocks...

1. Reliance Industries Shares

 

Morgan Stanley, a renowned global brokerage firm, has placed its bet on Reliance Industries. The brokerage firm has included the company's stock in its Top Picks list. The firm has set a target price of ₹1,803. According to the firm, an investment of ₹10 lakh crore in Reliance Industries could transform the company's fortunes over the next seven years.

Investments are expected to focus primarily on artificial intelligence and green energy. The brokerage predicts that the company may see similar momentum to the expansion of Jio and its retail business. This is why the company is on the brokerage firm's preferred stock list.

2. Tata Consultancy Services Shares

IT sector stocks have seen significant volatility over the past few days. Meanwhile, Morgan Stanley has maintained its overweight rating on Tata Consultancy Services and set a target price of Rs 3,540.

The brokerage firm believes that TCS's partnership with OpenAI could open up new business opportunities. The brokerage firm also has a positive outlook on TCS's investment.

3. Lenskart Share

Brokerage firm Motilal Oswal is positive on Lenskart shares. The firm has set a target price of ₹600 for Lenskart shares. This represents an upside of approximately 12.3% from the 12-month target price of ₹534, representing a 27% upside from the current stock price.