Stocks With Buy Call: Motilal Oswal Recommends 5 Stocks That Can Soar 52%

Motilal Oswal has recommended investors to buy 5 stocks showing signals of soaring and offering good returns. These stocks are 360 ONE WAM Ltd, Varun Beverages, IndusInd Bank, Ajanta Pharma, and Bank of Baroda. If you buy these stocks at their current market price of March 16, 2023, they can fetch you likely return of 52%. Check details about these stocks below:

Buy 360 ONE WAM Ltd: Motilal Oswal has assigned buy call to 360ONE WAM with target price of Rs 550 apiece. Current market price of the stock is Rs 434.75 apiece on BSE. If you buy 360ONE WAM at this price, it can offer you potential return of 27%. The company has a market capitalisation of Rs 15,480.24 crore.

The mid cap NBFC stock gave 16% return in last 1-year and 50% in last 3-years. It fell 4% in last 6-months,

Buy Bank of Baroda: The stock offered attractive return of 47% in last 1-year and 150% in last 3-years. Motilal Oswal has buy on Bank of Baroda with target price of Rs 240 apiece. Current market price of Bank of Baroda is Rs 158 apiece with intraday dip of 0.72%. Its market capitalisation is Rs 81,862.66 crore.

According to the analyst, "BoB is well capitalized to capture incremental growth opportunities, mainly led by retail loans. We estimate FY25 RoA/RoE of 1.1%/15.3% and value the stock at INR240 (1.1x Sep'24E ABV). We have a Buy rating on the stock."

If you buy Bank of Baroda share, you can get potential return of 52%.

Buy Ajanta Pharma: Motilal Oswal has assigned buy call to Ajanta Pharma with target price of Rs 1410 apiece. Current market price is Rs 1191.95 apiece. If you buy Ajanta Pharma stock now, you can get potential return of 18%.

According to the brokerage, "AJP has enhanced its efforts to improve profitability over the next 2-3 years. We continue to value AJP at 22x 12M forward earnings to arrive at our TP of INR1,410. Maintain BUY."

The mid cap stock fell 3% in last 1-year and gave a return of 41% in last 3-years.

Buy IndusInd Bank: The analyst has recommended investment for the banking stock with target price of Rs 1450 apiece. Current market price of IndusInd Bank is Rs 1010.85 apiece on BSE with intraday dip of 3.20%. If you buy IndusInd Bank share now, you can get potential return of 44%. The stock rallied 9% in last 1-year and 53% in last 3-years. It fell 17% in last 3-months.

According to Oswal, "We estimate PAT to report 28% CAGR over FY23-25 leading to an 18% RoE in FY25. We reiterate BUY with a TP of INR1,450 (premised on 1.7x Sep'24E ABV).

Buy Varun Beverages: Buy call has been assigned to Large cap FMCG stock, Varun Beverages with target price of Rs 1620 apiece. Current market price is Rs 1292.00 apiece with intraday decline of 4.05%. If you buy Varun Beverages share now, you can get likely gain of 25%. It offered 105% return in last 1-year and 311 return in last 3-years. It soared 17% in last 6-months and fell 4% in last 1-week.

According to the analyst, "We expect a revenue/ EBITDA/PAT CAGR of 16%/18%/27% over CY22-24. We value the stock at 44x CY24E EPS to arrive at a TP of INR1,620. Maintain BUY."

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.