Investment: Reputed brokerage firm Motilal Oswal recommended investors to bet on these three stocks for up to 66 percent estimated return. Brokerage firms suggested investing in stocks of Prestige Estates Projects, NMDC and ONGC, may give high returns. Let’s have a look at the buy suggestion for these stocks.

Prestige Estate 

Current Price – 421

Target Price – 675

Estimated Return – 66 percent

Reason – According to Motilal Oswal, Company reiterated its sales guidance of over 120 billion for fY23, the second reason is many residential projects are in pipeline.

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NMDC

Current Price – 121.80

Target Price – 155

Estimated Return – 31 percent

Reason – Fundamentals of This Navratna Company is attractive, The construction activities are getting pace in the country, NMDC is an iron ore oriented company, so it would affect the share price. Company performed well in Q3 as well.

ONGC

Current Price – 155.90

Target Price – 200

Estimated Return – 36 percent

Note – These stock suggestions are made by brokerage firm Motilal Oswal, News24 do not suggest you to invest, Take advice of professionals before investing. 

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