Amid ongoing tensions in the Middle East, both the Indian domestic market and the global market are showing weakness. In such circumstances, brokerage firms are placing their bets on select stocks...
Bet on these stocks amid market volatility...
Best Stocks to Buy: Amid ongoing tensions in the Middle East, both the Indian domestic market and the global market are showing weakness. Investors are cautiously formulating their investment strategies.
In such circumstances, brokerage firms are placing their bets on select stocks. As expected, these stocks are expected to see significant growth over the coming 12 months. Let's take a look at these stocks...
Coforge Ltd Shares
Brokerage firm Motilal Oswal has a buy recommendation on Coforge shares, setting a target price of ₹1,880, implying an upside of approximately 64% from current levels. According to the brokerage, the company's strong order book and large deals are contributing to the positive sentiment.
Additionally, the company's growth is expected to continue due to the increasing demand for digital transformation. Therefore, investors may be watching the company's shares on Monday's trading day.
Infosys Ltd Shares
Motilal Oswal has placed a bullish bet on Infosys shares. The firm has set a target price of ₹1,850, which implies an upside of approximately 46% from the current price.
The brokerage believes the company's global delivery model and regular dividend payments are strong. It expects to maintain strong return ratios through 2028. Meanwhile, brokerage firm Nomura has also maintained a positive stance on the stock, setting a target price of ₹1,810, which implies an upside of approximately 43%.
ICICI Bank Ltd shares
Brokerage firm Jefferies has a positive outlook on ICICI Bank shares. It recommends buying shares and sets a target price of ₹1,730, implying a potential upside of approximately 40% from current levels.
According to the brokerage, the bank's strong balance sheet and consistent profitability are its key strengths. Motilal Oswal also expressed confidence in the stock, setting a target of ₹1,750, implying a potential upside of approximately 41% from its current price.
