2 best high return stocks: HDFC Securities and ICICI Securities have suggested a high return of 43% to the investors through stocks. They have advised investors to purchase two power sector stocks with a potential return of 43%. Kalpataru Power Transmission Ltd and Tata Power Company Ltd are the two companies which can give the high return to the investors. (2 best high return stocks) Details are given below:
2 best high return stocks: Kalpataru Power Transmission Stock Performance
The stock’s last trading price was Rs 494.10 per share, representing a 1.77% intraday gain. The 52-week high for the stock is Rs 591.10, and the 52-week low is Rs 332.30. The market capitalisation of the company is Rs 8,026.46 crore.
Kalpataru Power Transmission’s Return and Financial Prospects
The stock returned 22% in the previous year, 9% in the previous three years, and 4% in the previous five years. It fell 1% in the last three months and 2% in the last month.
2 best high return stocks: Power Transmission Kalpataru
KPTL is a subsidiary of the Kalpataru Group, which was founded in 1969. It is a diversified conglomerate with interests in real estate, power generation, agriculture logistics, and EPC in major infrastructure segments such as power transmission and distribution, buildings and factories, roads and highways, water and irrigation, railways, and oil and gas.
Tata Power Company
ICICI Securities advised to buy Tata power company stocks with a target price of Rs 262 per share. If you buy Tata Power Company stock now, you could get a 28% return. ICICI Securities reports that “We maintain our BUY rating and Rs262 SoTP target price. The stock is currently trading at a P/E of 20.3x and a P/B of 2.3x for FY24E.”
Tata Power Company Ltd Performance and Return
The stock’s last trading price was Rs 204.80 per share, representing a 0.36% intraday drop. The stock’s 52-week high is Rs 298.00 per share, and its 52-week low is Rs 190.00 per share. The company is valued at Rs 65,440.55 crore on the stock exchange.
Disclaimer: This report is for informational purpose. News24 advises readers to check with the experts before taking any investment decision.
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