Buy, Hold Call To 5 Stocks That Can Surge 39%: Motilal Oswal Lists Preferred Picks

Motilal Oswal has assigned buy and hold call to 5 stocks that can deliver attractive returns to investors. These stocks are The Phoenix Mills Ltd, Multi Commodity Exchange Of India Ltd, Oberoi Realty, State Bank of India, and Tata Motors. If you buy these stocks now, you can get potential 39% return. Check details pertaining to these stocks below:

Buy The Phoenix Mills Ltd: Last trading price of the stock is Rs 1339.80 apiece on BSE with intraday gain of 1.10%. Motilal Oswal has assigned buy call to Phoenix Mills Ltd with target price of Rs 1700 apiece. If you buy The Phoenix Mills Ltd now, you can get likely return of 27%. The mid cap Real Estate Sector stock's market capitalisation is Rs 23,927.72 crore. The stock delivered 32% return in last 1-year and 106% return in last 3-years.

According to the analyst, "Our SoTP-based TP of INR1,700 indicates an upside potential of 31%. We re-initiate coverage on the stock with a BUY rating."

Hold Multi Commodity Exchange of India Ltd: Motilal Oswal has assigned hold rating to MCX with target price of Rs 1450 apiece. Current market price of MCX is Rs 1516.75 apiece with intraday rally of 1.11%. Its market capitalisation is Rs 7,735.18 crore. The mid cap Financial Services sector stock gave 6% return in last 1-year, 46% return in last 3-years, and 104% return in last 5-years.

According to Oswal, "We have a Neutral rating on the stock with a 1-year TP of INR1,450 (24x FY25E EPS)."

Buy State Bank of India: Current market price of the PSU Bank stock is Rs 521.50 apiece. Motilal Oswal has retained buy call for the stock with the target price of Rs 725 apiece. If you buy SBI share now, you can get likely return of 39%. Its market capitalisation is Rs 4,65,418.51 crore. The stock rallied over 5% in last 1-year, gave return of 148% in last 3-years, and 115% return in last 5-years.

Buy Tata Motors: Motilal Oswal has assigned buy call to Tata Motors with target price of Rs 540 apiece. Current market price of Tata Motors is Rs 416 apiece. If you buy Tata Motors Ltd share now, you can obtain 30% return. The large cap Auto stock's market capitalisation is Rs 1,38,184.53 crore. The stock delivered 2% return in last 3-months, declined 3% in last 1-year, and gave a return of 433% in last 3-years.

According to Oswal, "TTMT should witness a gradual recovery as supply-side issues ease (for JLR) and commodity headwinds stabilize (for the India business). It will benefit from: 1) a macro recovery in India, 2) company-specific volume/margin drivers, and 3) a sharp improvement in FCF and leverage in JLR as well as the India business."

Buy Oberoi Realty: Motilal Oswal has recommended investors to buy Oberoi Realty with target price of Rs 1100 apiece. Current market price of the stock is Rs 861.90 apiece on BSE. If you buy Oberoi Realty share now, you can get potential return of 28%. The stock gave 100% return in last 3-years and fell 5% in last 1-year.

According to Oswal, "We believe strong cash generation will provide a lot of comfort to the company to seek for aggressive business development opportunities, which will provide further growth visibility. We retain our BUY rating on OBER with an SOTPbased TP of INR1,100, implying 28% upside potential."

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.